Gallic Announces Approval by Gallic Securityholders respecting the Plan of Arrangement with Petromanas Energy Inc.

Gallic Energy Ltd. ("Gallic") (TSX VENTURE:GLC) is pleased to announce that the
shareholders and warrantholders of Gallic (the "Securityholders") have voted to
approve the previously announced plan of arrangement (the "Arrangement") with
Petromanas Energy Inc. ("Petromanas"). Pursuant to the Arrangement, Petromanas
will acquire all of the class A shares of Gallic in exchange for 0.3736 of a
Petromanas share and all Gallic warrants will be exchanged for warrants of
Petromanas. The Arrangement was approved by 76.27% of the Gallic shares and
Gallic warrants voted, as a single class, at the meeting as well as 74.54% of
the votes cast by shareholders after excluding Gallic shares as required
pursuant to Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions.


Gallic will make an application to and anticipates receiving the final order
from the Court of Queen's Bench of Alberta respecting the Arrangement on
December 14, 2012.


Pursuant to the arrangement agreement between Gallic and Petromanas dated
October 1, 2012, the Arrangement will become effective after all of the
conditions to close specified therein are either satisfied or waived. Gallic and
Petromanas are currently working towards bringing about the satisfaction of all
of the remaining closing conditions.


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 Arrangement, final court approval and the timing of the
completion of the Arrangement. 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:
the ability of Gallic to complete the Arrangement described in this press
release and the timely receipt of any required court and regulatory 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.


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 release.


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]