Galileo Petroleum Announces Debt Settlement

Galileo Petroleum Ltd. (TSX VENTURE:GPL) (the "Company") announces the Company's
plan to undertake a shares for debt settlement arrangement to retire
indebtedness in the aggregate amount of $295,654 to certain creditors, which
include directors and executive officers of the Company, by issuing a total of
5,913,080 common shares of the Company at an issue price of $0.05 per share (the
"Shares for Debt Settlement") on or before June 30th, 2014.


The Shares for Debt Settlement is subject to the approval of the TSX Venture
Exchange.


ON BEHALF OF GALILEO PETROLEUM LTD.

David Hottman, President and CEO

Neither the 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 News Release. This news
release has been prepared by management and no regulatory authority has approved
or disapproved the information contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Galileo Petroleum Ltd.
David Hottman
President & CEO
604-629-1929
[e-mail]