Alan Aitchison Joins Falcon Natural Gas Corp. as Chief Executive Officer

Business Wire, July 19, 2004

HOUSTON -- Falcon Natural Gas Corp. (OTCBB:FNGC) ("Falcon"), announced that Alan Aitchison has joined the Company as Chief Executive Officer.

Mr. Aitchison has 20 years of experience in the oil and gas industry. Prior to joining Falcon, he served as Projects Business Development Manager with Schlumberger Limited (NYSE:SLB), the world's leading oilfield services company. While at Schlumberger, he was in charge of developing major asset management projects requiring integrated solutions for field optimization and development in Peru, Colombia and Ecuador. Mr Aitchison will continue his duties with Schlumberger until September in order to hand over his most recent project.

During his distinguished career, Mr. Aitchison has held management positions with other large multinational companies, such as British Petroleum p.l.c. (NYSE:BP), Petrobras S.A., (NYSE:PBR), and Lasmo Oil Ltd. He has been involved in significant projects in major oil producing areas located in the North Sea, Norway, Libya and South America.

"I am very pleased to be joining Falcon's executive team and excited about the opportunity to build an important independent exploration Company focused on natural gas," said Mr. Aitchison. "Natural gas is a vital component of the world's supply of energy and remains one of the environmentally cleanest, safest, and most versatile of all energy sources. The East Bob West field, which will be the initial focus of our planned activities, has geological characteristics that suggest there is the potential to discover a significant new source of natural gas supply at a time of rising demand and shrinking supply."

"We are very fortunate to have Alan Aitchison to lead Falcon at this stage of the Company's development," commented Max Pozzoni, Vice President of Business Development of Falcon. "We are convinced that Alan's strong background in the industry makes him ideally qualified to head our operations and to build Falcon's reputation in the marketplace."

Mr. Aitchison holds a Bachelors of Science with honors in Chemical Engineering from Loughborough University of Science and Technology in England, as well as a diploma in Industrial Studies.

About Falcon Natural Gas Corp.

Falcon is a Houston, Texas based Natural Gas exploration company. The company is engaged in the acquisition and exploration of commercial prospects in the Gulf Coast region of Southern Texas. Falcon's President & CEO, Alan Aitchison, has in excess of 15 years of blue chip oil services and consulting experience with major firms such as Schlumberger (NYSE:SLB), BP - British Petroleum (NYSE: BP) and Petrobras (NYSE:PBR). He brings management know how and the vital technical expertise needed to explore the potential prospects that Falcon has acquired and bring them in production.

For more information visit www.falcongas.com.

Safe Harbor for Forward-Looking Statements: This release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in oil & gas exploration, the need to obtain additional financing, the availability of needed personnel and equipment for the future exploration and development, fluctuations in gas prices, and general economic conditions.