FALCON OIL & GAS LTD. ("Falcon") Filing of Interim Financial Statements 23 May 2024 - Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG)) announces that it has filed its Interim Financial Statements for the three months ended 31 March 2024 and the accompanying Management's Discussion and Analysis ("MD&A"). The following should be read in conjunction with the complete unaudited unreviewed Interim Financial Statements and the accompanying MD&A for the three months ended 31 March 2024, which are available on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca and on Falcon's website at www.falconoilandgas.com. Q1 2024 Financial Highlights Debt free with cash of $4.3 million at 31 March 2024 (31 December 2023: $8.0 million). As announced on 22 April 2024, Falcon raised $8.9 million which included gross proceeds of c. $4.9 million through the subscription and placing of new common shares and a further $4 million on the granting of overriding royalty interests. Continued focus on strict cost management and efficient operation of the portfolio. Ends. For further information, please contact: CONTACT DETAILS: Falcon Oil & Gas Ltd.          +353 1 676 8702 Philip O'Quigley, CEO +353 87 814 7042 Anne Flynn, CFO +353 1 676 9162   Cavendish Capital Markets Limited (NOMAD & Joint Broker) Neil McDonald / Adam Rae +44 131 220 9771     Tennyson Securities (Joint Broker)   Peter Krens +44 20 7186 9033 Falcon Oil & Gas Ltd.Interim Condensed Consolidated Statement of Operations and Comprehensive Loss(Unaudited)       Three months ended 31 March 2024$'000 Three months ended 31 March 2023$'000                   Revenue             Oil and natural gas revenue     - -           - -                   Expenses             Exploration and evaluation expenses     (44) (43)     General and administrative expenses     (528) (597)     Foreign exchange gain     120 56           (452) (584)                   Results from operating activities     (452) (584)                   Finance income     8 68     Finance expense     (362) (144)     Net finance expense     (354) (76)                   Loss and comprehensive loss for the period     (806) (660)                   Loss and comprehensive loss attributable to:                           Equity holders of the company     (804)