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 www.sedar.com and on Falcon's website at
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 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.





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	    /For further information:
	    Falcon Oil & Gas Ltd. Corporate Communications (303) 951-1110
investor@falconoilandgas.com
	    /