Falcon Appoints Wallis as COO and Edwards as Sr VP, Special Projects

Falcon Oil & Gas has appointed Rod Wallis as its new Chief Operating Officer. Dr. James Edwards has elected to assume the new position of Senior Vice President, Special Projects.

Mr. Wallis has been an employee of Falcon since September 2007. Prior to joining Falcon, Rod Wallis was the Senior Exploration Geologist for PetroHunter Energy Corporation. He has been in the oil and gas industry for 22 years, including 11 years as a geologist and project leader with BP, and five years with Venture Production. Prior to joining PetroHunter, Mr. Wallis was Vice President and Chief Geologist at Gustavson Associates where he worked on unconventional plays, including the Mako Trough in Hungary. Mr. Wallis obtained his degree at the Royal School of Mines, Imperial College, London, and is a member of the AAPG, PESGB and a Fellow of the Geological Society.

Falcon's Chairman, CEO and President, Marc A. Bruner, stated, "On behalf of Falcon and Falcon's board, I would like to take this opportunity to welcome Rod as Falcon's Chief Operating Officer. His combination of technical expertise, particularly with respect to developing unconventional oil and gas resources, will prove very valuable to Falcon going forward. His innovation and commercial focus have made him a respected expert in his field, with a reputation for producing results, pushing new technologies and ideas, discovering plays and prospects, bringing discoveries on-stream, and managing large projects." Mr. Bruner continued, "We are also very pleased that Dr. Edwards has accepted this new position. I'd like to thank James, on behalf of Falcon and Falcon's board, for his service as Falcon's Chief Operating Officer. The company has benefited from Dr. Edwards' efforts in guiding Falcon's operations to this point, and it will continue to benefit from his expertise in his new role as we move into the next phase."

Dr. Edwards' assumption of the new position and Mr. Wallis' appointment are both effective immediately, while Mr. Wallis' appointment remains subject to approval by the TSX Venture Exchange.