FALCON OIL & GAS LTD. ANNOUNCES THE FILING OF ITS INTERIM FINANCIAL
STATEMENTS AND ACCOMPANYING MD&A

DENVER, Nov. 30 /CNW/ - Falcon Oil & Gas Ltd. (TSXV: FO) announced that it has filed its interim financial statements for the nine month period ended September 30, 2010 and the accompanying management's discussion and analysis.

These filings are available at href="http://www.sedar.com/">www.sedar.com and on Falcon's website at href="http://www.falconoilandgas.com/">www.falconoilandgas.com.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd. is an international oil and gas exploration and production company, headquartered in Denver, Colorado, incorporated in British Columbia, Canada, and trading on the TSX Venture Exchange under the symbol "FO."  The company specializes in the business of unconventional and conventional oil and gas exploration and production and holds interests in prospective properties in Australia, Hungary, and South Africa. The company is focused on discovering, acquiring, and maturing a globally diversified portfolio of drilling opportunities with a goal of maximizing shareholder value through strategic relationships.  Additional information concerning Falcon Oil & Gas Ltd. is available at href="http://www.falconoilandgas.com/">www.falconoilandgas.com. Investor inquiries may be directed to investor@falconoilandgas.com  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Falcon Oil & Gas Ltd.

For further information: For further information:

Falcon Oil & Gas Ltd.
Corporate Communications
(303) 951-1110
investor@falconoilandgas.com

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Falcon Oil & Gas Ltd.

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