Gallic announces stock option grant

    GALLIC ENERGY LTD. (TSX Venture Exchange: GLC)

    CALGARY, Aug. 16 /CNW/ - Gallic Energy Ltd. ("Gallic") announces the
grant of 718,750 stock options to officers of the company at an exercise price
of $0.15 per share. The stock options are granted pursuant to the company's
stock option plan.

    The common shares of Gallic Energy Ltd. are listed on the TSX Venture
Exchange under the symbol GLC.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    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,

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Gallic Energy Ltd.

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