Falcon Oil & Gas Ltd.LSE: FOG

Falcon Oil & Gas Ltd. Will Host a Live Webcast of Chairman Marc A. Bruner's Address to Shareholders

· Issued by Falcon Oil & Gas Ltd. via CNW
DENVER, June 16 /CNW/ -- In conjunction with the
company's Annual General Meeting, Falcon Oil & Gas Ltd. (TSXV: FO) will host a
Webcast of Chairman and CEO Marc A. Bruner's address to shareholders live over
the Internet on Monday, June 19, 2006, at 11:00 a.m. Pacific Time/2:00 p.m.
Eastern Time.

What:     Falcon Oil & Gas Ltd. Annual General Meeting - Chairman's
          Address to Shareholders

When:     Monday, June 19, 2006 - 11:00 a.m. Pacific Time / 2:00 p.m.
          Eastern Time

Where:    http://www.falconoilandgas.com

How:      Live over the Internet -- Simply log on to the web at the
          Falcon Oil & Gas Web site

Contact:  Warren Laird, CTA Public Relations, (303) 665-4200

If you are unable to listen to the live event, the Webcast will be
archived on the Falcon Oil & Gas Web site, www.falconoilandgas.com .

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the
business of oil and gas exploration and production.  It has operations in
Hungary through its wholly-owned subsidiary TXM Oil and Gas Exploration, and
in Romania through its wholly-owned subsidiary JVX Energy Corporation.
Further information about Falcon is available at www.falconoilandgas.com.

Contacts: Falcon Oil & Gas Ltd.
Marc A. Bruner, Chairman and CEO
Michael K. Lam, Corporate Development
(416) 303-8810

United States - CTA Public Relations
Bevo Beaven, Vice President and General Manager
(303) 665-4200

Canada - Brisco Capital Partners Corp.
Graeme Dick
(403) 215-5979

United Kingdom - 4-C Burvale
Carina Corbett, Director
020-7907 4760 / 4761

(Minimum Requirements to listen to broadcast:
The Windows Media Player software, downloadable free from
http://www.microsoft.com/windows/windowsmedia/EN/default.asp and at least a
28.8Kbps connection to the Internet.  If you experience problems listening to
the broadcast, send an email to webcast(at)multivu.com.)

    /Web Site: http://www.falconoilandgas.com /

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