Gallic announces final approval of Australia exploration rights



    GALLIC ENERGY LTD. (TSX Venture Exchange: GLE.A)

    CALGARY, Jan. 19 /CNW/ - Gallic Energy Ltd. along with its wholly owned
subsidiaries (collectively, "Gallic" or the "Company") is pleased to announce
the award of exploration rights for Block L05-8 in the Canning Basin, Western
Australia. Gallic has been engaged in the application process for these
Canning Basin rights since 2006. The Canning Block comprises an area
approximately 294,000 hectares (726,489 acres). Gallic has identified
exploration potential that would be the focus of its anticipated future oil
exploration activities in the area.
    As a result of prolonged and un-encouraging responses from the relevant
authorities, Gallic has elected to discontinue its remaining, outstanding
permit application in western Europe. Gallic's objective is to now develop its
current inventory of oil and gas prospects in France and Australia and will
commence those efforts once it has completed the current private placement
financing.
    The common shares of Gallic Energy Ltd. are listed on the TSX Venture
Exchange under the symbol GLE.A.

    Forward-looking Statements
    This press release contains forward-looking statements concerning the
Company's expectations of future cash flow, earnings and expansion of its oil
and gas property interests and concerning the Company's regulatory
applications. These statements are based on current expectations that involve
a number of risks and uncertainties, which could cause actual results to
differ from those anticipated. These risks include, but are not limited to:
the risks associated with the oil and gas industry (e.g., operational risks in
development, exploration and production; delays or changes in plans with
respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses, and health, safety and
environmental risks), acquisitions, commodity price, price and exchange rate
fluctuation and uncertainties resulting from competition from other producers
and ability to access sufficient capital from internal and external sources.
Additional information on these and other risk factors that could affect the
Company's operations and/or financial results are included in the Company's
reports on file with Canadian securities regulatory authorities. The reader is
cautioned not to place undue reliance on these statements, as there can be no
assurance that the plans, intentions or expectation upon which they are based
will occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both general and
specific, that contribute to the possibility that the predications, forecasts,
projections and other forward-looking statements will not occur or that actual
results would differ materially from estimated or implied results.

    The forward-looking statements or information contained in this news
release are made as of the date hereof and the Company undertakes no
obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.




For further information:

For further information: Mr. Mark Woods, President and Chief Operating
Officer, Tel: (403) 263-1105, Fax: (403) 265-4514, markwoods@gallicenergy.com

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Gallic Energy Ltd.

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