Falcon Oil & Gas Ltd. to Host Quarterly Investor Conference Call

    BUDAPEST, Hungary, Aug. 10 /CNW/ -- Falcon Oil & Gas Ltd. (TSXV: FO)
("Falcon" or the "Company"), will host its quarterly investor conference call
on Wednesday, August 29, 2007 at 8:30 a.m. (ET) to provide updates on the
Company's financials, operations, well status and strategic partner
discussions. Going forward, Falcon will be holding investor conference calls
on a quarterly basis.
    The conference call will be available live via telephone. To participate
in the conference call within the U.S. and Canada, dial (866) 688-0039. To
participate in the conference internationally, dial (706) 679-3130. The
conference call will also be broadcast live on the Internet and may be
accessed at www.falconoilandgas.com. The web cast will be archived on the
Company's website.
    The conference call will be available for replay via telephone beginning
at 12:00 p.m. (ET) on Wednesday, August 29 2007, until Wednesday, September
12, 2007, at 11:59 p.m. (ET). To listen to a replay of the conference within
the U.S. and Canada, dial (800) 642-1687 or internationally (706) 645-9291.
The replay code is 13162665.
    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.

     Weber Shandwick Worldwide
     Peter Duda
     +1 (212) 445-8213
    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

For further information:

For further information: Peter Duda of Weber Shandwick Worldwide, 
+1-212-445-8213, for Falcon Oil & Gas Ltd. Web Site:

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