Gallic Energy Ltd. Announces Spud of Ossun-2D Well in France

Gallic Energy Ltd. ("Gallic" or "Company") (TSX VENTURE:GLC) is pleased to
announce that it has spudded the Ossun-2D well located in the Aquitaine Basin in
Southern France using SMP 101, a conventional double drilling rig. 


The Ossun-2D well is a re-entry of a Societe Nationale des Petroles d'Aquitaine
("SNPA" a Total SA legacy company) wellbore previously drilled in the late
1960's. The well will be sidetracked out of existing casing at an approximate
depth of 1,100 m where a whipstock will be set and new drilling will commence to
an approximate total depth of 3,000 m. In January 2012, Gallic encountered
obstructions in the existing casing at a depth of 1,344 m at which point it was
determined that the workover rig being used was not sufficient to overcome the
obstructions and the well plan required change. The formation targets of the
Ossun-2D well are between 1,775 m and 3,000 m. Gallic's main target is the 200-m
thick Cretaceous Flysch Carbonate at an approximate depth of 2,700 m where SNPA
had previously encountered natural gas shows that were never tested or produced.
GLJ Petroleum Consultants Ltd. estimate undiscovered petroleum
initially-in-place for the Ossun 2D play at 248 BCF (see Gallic press releases
of March 6, 2012 and November 2, 2011). Well results are expected within 45 days
and this timing will be dependent upon testing parameters.


Gallic has a 100% working interest on its lands (320,000 acres), wells and
permits in France. 


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 Management Discussion and
Analysis for the quarter ended September 30, 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.