Gallic Energy Ltd. Provides Operational and Corporate Update

Gallic Energy Ltd. ("Gallic" or "Company") (TSX VENTURE:GLC) announces that an
updated corporate presentation is available as a Quick Link on its website at
www.gallicenergy.com.


Gallic is also pleased to announce that the permit to drill or "DOT" for the
Hagolle 2 well in the gas-prone Aquitaine Basin of Southern France is
progressing through regional and local authorities, with final approval expected
in August or September, 2012. This projected 2,500-m well is located on one of
six thrusted anticlines seismically mapped in the 781 sq km (193,000 acre)
Ledeuix Permit. Hagolle 2 is a 250-m offset well to Hagolle 1 well that was
drilled in 1985 by Esso Rep to a total depth of 2,471 m. The Esso well
encountered strong mud gas shows while drilling to its primary deeper target,
including through an untested 600-m thick Upper Cretaceous limestone. 


Mr. William H. Smith, President and CEO of Gallic, commented "We are pleased
that the permitting process, technical evaluation and engineering planning for
the Hagolle 2 well are all moving forward with a goal of drilling in late 2012
or early 2013. Our recent petrophysical work on the adjacent Hagolle 1 well
indicates a thick interval of gas-saturated Upper Cretaceous limestones that are
naturally fractured by tectonic folding and thrusting. Such parameters indicate
ability for the gas to flow more easily from our target reservoirs. Our drilling
and completions program have been revised so that these fractures maintain their
maximum possible permeability."


Re-completion of the 200-m thick Upper Cretaceous limestone in the Ossun 2D well
in the Ger Permit which was suspended in May, will be deferred until Hagolle 2
has been completed, so that findings from the Hagolle completions can be applied
at Ossun.


The Company also announces the resignation of Mr. Richard Grafton as a director
of Gallic. Gallic thanks Mr. Grafton for his service and contribution to the
Company.


Gallic is an international oil and gas company with assets in France and
Australia. Current operations are focused on France and in particular the
Aquitaine Basin where the Company holds 100% Working Interest in approximately
320,000 net acres of exploration lands. The Company also holds acreage in the
prospective Canning Basin in Australia. 


IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this news release constitute forward-looking information.
Forward-looking statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "plan", "continue", "estimate", "expect",
"may", "will", "intend", "could", "might", "should", "believe", "schedule" and
similar expressions. Forward-looking statements are based upon the opinions and
expectations of Gallic as at the effective date of such statements and, in
certain cases, information received from or disseminated by third parties.
Although the Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions and that
information received from or disseminated by third parties is reliable, it can
give no assurance that those expectations will prove to have been correct.
Forward-looking statements are subject to certain risks and uncertainties (known
and unknown) that could cause actual outcomes to differ materially from those
anticipated or implied. These factors include, but are not limited to, such
things as general economic conditions in Canada, France and elsewhere;
volatility of prices for oil and gas; commodity supply and demand; fluctuations
in currency and interest rates; inherent risks associated with the exploration
and development of oil and gas properties; ultimate recoverability of reserves;
production, timing, results and costs of exploration and development activities;
political or civil unrest; availability of financial resources or third-party
financing; new laws (domestic or foreign); changes in administrative practices;
changes in exploration plans or budgets; and availability of personnel and
equipment. Accordingly, readers should not place undue reliance upon the
forward-looking statements contained in this news release and such
forward-looking statements should not be interpreted or regarded as guarantees
of future outcomes.


The forward-looking statements of the Company contained in this news release are
expressly qualified, in their entirety, by this cautionary statement. Various
risks to which Gallic and its affiliates are exposed in the conduct of their
business are described in detail in the Company's Annual Information Form and
Management Discussion and Analysis for the year ended December 31, 2011, which
has been filed on SEDAR www.SEDAR.com. Subject to applicable securities laws,
the Company does not undertake any obligation to publicly revise the
forward-looking statements included in this news release to reflect subsequent
events or circumstances, except as required by law.