Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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This doesn't mean further dilution does it?

Maybe someone "in the know" can comment?

TORONTO, ONTARIO, Jan 18, 2013 (MARKETWIRE via COMTEX) -- Falcon Oil & Gas Ltd.
(TSX VENTURE: FO), ("Falcon" or the "Company") the international oil and gas
explo ration and production company focused on unconventional and conventional
oil and gas exploration and producing assets in Hungary, Australia and South
Africa, announces that it has issued 300,000 common shares in the capital of the
Company ("Common Shares") to Robert Macaulay, the former Chief Executive Officer
of the Company. The Common Shares have been issued in consideration of services
rendered to the Company pursuant to an employment agreement between the Company
and Mr. Macaulay effective as of November 10, 2010, as amended. The Common
Shares are subject to a one four month hold period that expires on May 2, 2013,
in accordance with applicable securities legislation.

Engagement of FTI Consulting

The Company also announces that it has engaged FTI Consulting LLP ("FTI")
effective May 21, 2012 to provide business communications services (the
"Services"). The Services include bringing attention and exposure to the Company
to he lp enhance and increase the Company's image and public awareness.

FTI is a global business advisory firm that provides multidisciplinary solutions
to complex challenges and opportunities, and is headquartered in Florida, U.S.A.

FTI will provide Falcon with the Services until the agreement between the
parties is terminated by either party on three months' written notice (except
upon a change of control). Pursuant to the agreement between the parties, FTI
will be paid a monthly fee commensurate with the market standard, with
additional payments owing in relation to special projects.


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