Gallic Announces Adjournment of Meeting and Change of Directors

Gallic Energy Ltd. ("Gallic") (TSX VENTURE:GLC) - Gallic today convened an
annual and special securityholders' meeting of Gallic (the "Meeting") for the
purposes of, among other matters, considering a proposed plan of arrangement
involving Gallic, Petromanas Acquisition Ltd. and Petromanas Energy Inc. (the
"Arrangement") as previously announced on October 2, 2012. Gallic has adjourned
the business of the Meeting until 9:00 a.m. (Calgary time) on Thursday, December
13, 2012 in the Hamilton Room at Bow Valley Square at 205 - 5th Avenue S.W.,
Calgary, Alberta for the purpose of attempting to obtain additional shareholder
and warrantholder approval of the Arrangement.


The board of directors of Gallic continues to recommend that the Gallic
shareholders and Gallic warrantholders vote in favour of the resolution
approving the Arrangement. It is a condition to the completion of the
Arrangement that the resolution approving the Arrangement be approved at the
Meeting by 66 2/3% of the votes of shareholders and warrantholders present in
person or represented by proxy, voting together as a single class, at the
Meeting.


The deadline for the deposit of proxies for the Meeting, as adjourned, with
Gallic's transfer agent, Valiant Trust Company, Stock Transfer Department, 310,
606 - 4th Street S.W., Calgary, Alberta T2P 1R1, has been extended to 9:00 a.m.
(Calgary time) on Tuesday, December 11, 2012.


A registered securityholder who has lost their proxy may contact Valiant at the
address above, at 1-866- 313-1872 (toll-free) or [phone] or by email at
[e-mail].


A non-registered securityholder should receive a proxy through their broker or
through another intermediary and should return the form of proxy provided by
their broker or other intermediary in accordance with the instructions provided
therein. Non-registered securityholders who would like to vote but have not
received a proxy or would like a new proxy can contact their broker.


A Gallic securityholder who has previously submitted a proxy may revoke it by
instrument in writing executed by the Gallic securityholder or his attorney
authorized in writing, or, if the Gallic securityholder is a corporation, under
its corporate seal and executed by a director, officer or attorney thereof duly
authorized, and deposited either at the office of Valiant Trust Company, on or
before the last business day preceding the day of the Meeting on December 13, or
with the chairman of the Meeting prior to the commencement of the Meeting on
December 13, and upon such deposit the previous proxy is revoked.


Additionally, Gallic announces, effectively immediately, the resignations of
John Garden, Jeffrey Scott and Gordon McIntosh from its board of directors. The
Corporation is seeking suitable replacements for the departing Directors. The
remaining directors are: William H. Smith (also CEO and President), Jason Bednar
(Non-Executive Chairman) and Charle Gamba.


Forward-Looking Information

Certain information included in this press release constitutes forward-looking
information under applicable securities legislation. Such forward-looking
information is provided for the purpose of providing information about
management's current expectations and plans relating to the future. Readers are
cautioned that reliance on such information may not be appropriate for other
purposes, such as making investment decisions. Forward-looking information
typically contains statements with words such as "anticipate", "believe",
"expect", "plan", "intend", "estimate", "propose", "project" or similar words
suggesting future outcomes or statements regarding an outlook. Forward-looking
information in this press release may include, but is not limited to, statements
relating to the ability of Gallic to receive, in a timely manner, the necessary
government, regulatory, court, securityholder, stock exchange and other third
party approvals. Forward-looking information is based on a number of factors and
assumptions which have been used to develop such information but which may prove
to be incorrect. Although Gallic believes that the expectations reflected in
such forward-looking information is reasonable, undue reliance should not be
placed on forward-looking information because Gallic cannot give assurances that
such expectations will prove to be correct. In addition to other factors and
assumptions which may be identified in this press release, assumptions have been
made regarding and are implicit in, among other things, risks and uncertainties
inherent in the nature of the Arrangement including the failutre of Gallic to
obtain necessary securityholder, government, regulatory, court and other third
party approvals. Readers are cautioned that the foregoing list is not exhaustive
of all factors and assumptions which have been used.


The forward-looking information contained in this press release is made as of
the date hereof and Gallic does not undertake any obligation to update publicly
or revise any forward-looking information, whether as a result of new
information, future events or otherwise, unless required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gallic Energy Ltd.
William H. (Bill) Smith
President and Chief Executive Officer
[phone]


Gallic Energy Ltd.
Dean Callaway
Vice President Finance and Chief Financial Officer
[phone]