FOGL.L Regulatory News (FOGL)

9 December 2010

Falkland Oil and Gas Limited

("FOGL" or "the Company")

Additional Listing

FOGL, the oil and gas exploration company, announces that options over 90,000 ordinary shares of 0.002p each in the Company ("Ordinary Shares") were exercised on 14 April 2010 at an exercise price of 40 pence by a former Non-executive director of the Company.

Application is being made for 90,000 new Ordinary Shares to be admitted to AIM and it is expected that trading will commence on 16 December 2010.

These new Ordinary Shares will, when allotted and issued fully paid, rank pari passu in all respects with the existing Ordinary Shares in issue. The total issued share capital of the Company following the exercise of these options will be 146,417,066.

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