Falcon Natural Gas Corp. Appoints Dr. Paul C. Kirkitelos to Advisory Board

Business Wire, Sept 7, 2004

HOUSTON -- Falcon Natural Gas Corp. (OTCBB:FNGC), announced today that Dr. Paul C. Kirkitelos has been appointed to the company's Advisory Board.

Dr. Kirkitelos has fourteen years of experience in corporate and financial management. He is a co-founder of Rabbitt Capital Management LLC, a hedge fund firm based in Los Angeles, CA, and is currently serving as its Chief Operating Officer. Prior to that, he co-founded Web Event Broadcasting and held the position of the company's Chief Financial Officer.

During his distinguished career, Dr. Kirkitelos also served as Senior Associate with McKinsey & Company, Inc. where he was involved in financial modeling and planning, assessment of best business practices and development of growth strategies. In 1997, as Director, Application Development, of ChromaVision Medical Systems, Inc. (NASDAQ:CVSN), he led the company's application group through a successful initial public offering.

"We are extremely pleased to have Dr. Kirkitelos join our Advisory Board," said Max Pozzoni, VP of Business Development, Falcon Natural Gas Corp. "We expect to benefit from the valuable experience he has gained from his various leadership positions with growing companies. We believe that he will play an important role in advising Falcon on significant corporate and financial matters."

"I am honored to be accepted to serve on Falcon's Advisory Board and to support the company's growth," commented Dr. Kirkitelos. "The company has a great potential and I am thrilled to contribute to its success."

Dr. Kirkitelos holds a Ph.D., Engineering Physics, from University of Virginia, Charlottesville, and a Master of Science, Engineering Physics, from the same university. He also earned a Bachelor of Science from Worcester Polytechnic Institute.

About Falcon Natural Gas Corp.

Falcon Natural Gas Corp. is a Houston, Texas- based Natural Gas exploration company. The company is focused on the acquisition and exploration of commercial prospects in onshore areas of the United States of America. 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.