Falcon Natural Gas Corp. Announces Evaluation Results of DB3 Prospect; Probability of Finding Economic Reserves is Estimated at 67%

Business Wire, March 14, 2005

HOUSTON -- Falcon Natural Gas Corp. (OTCBB:FNGC), announced today that the Company has reviewed the evaluation report commissioned to Moyes & Co. with respect to the DB3 prospect Wyandotte wells.

Moyes' evaluation, based on available engineering, geological and geophysical, and commercial data, estimates mean reserves for the prospect to be 33 BCF, with a 67% probability of finding economic reserves. Previous estimates had attributed 20 BCF of Proven Undeveloped Reserves to the horizons. Falcon's prospect is located on leased acreage in St. Mary Parish, Louisiana, one of the richest natural gas producing regions in North America.

"We are thrilled about the results of Moyes' evaluation study," said Fred B. Zaziski, Falcon's CEO. "The Wyandotte prospect has a huge potential and we are looking forward to drilling the first well in the area."

A downloadable copy of a summary of the Moyes report will be available on Falcon's website at www.falcongas.com next week.

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.