GLC Gallic Energy Ltd.

CALGARY, March 2 /CNW/ -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, March 2 /CNW/ - Gallic Energy Ltd. ("Gallic") (TSX VENTURE: GLC) would like to announce that Mr. Mark Armanious has been appointed its Vice President of Exploration as of March 1, 2011. Gallic is very pleased to have Mark join Gallic and provide his leadership and technical skills, as Gallic continues to build out its portfolio and focus on conventional and unconventional opportunities onshore Europe. Mr. Armanious is a Professional Geologist with over 25 years of diverse exploration, exploitation and business development experience, both domestically and internationally, including Europe.  Most recently he was a Senior Geological Specialist at Sproule International.  Previously he was Acquisitions and Divestitures Geosciences Manager at Paramount Energy Trust.  Prior to joining Paramount he was Chief Geologist for Centurion Energy International Inc., a Middle East gas focused company. Additional experience included Vice President Exploration for High Point Resources Inc., whose assets included conventional and unconventional gas in Western Canada.  He is a member of APEGGA, CSPG, PESGB and AAPG. Mr. Armanious holds a Bachelor of Science degree in geology from the University of Calgary. Commenting on his new Management role, Mr. Armanious said "I look forward to the opportunity to contribute to Gallic as the company evaluates and explores its existing core assets onshore France in the Aquitaine Basin, and as it expands its strategy in France and elsewhere in continental Europe through new ventures." In connection with Mr. Armanious' appointment as Vice President Exploration, he was granted 200,000 restricted stock units, subject to approval by the TSX Venture Exchange. Mr. Armanious was also granted 1,020,000 stock options.  The options were granted at $0.52 and have a 5 year term, pursuant to the Company's stock option plan.  The Company also granted an additional 60,000 stock options to a new employee of the Company on the same terms. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the granting of the options. Neither 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/02/c7185.html pMr. William H. (Bill) Smith, Chief Executive Officerbr/ Tel: (403) 930-7533br/ Fax: (403) 930-7599br/ a href="mailto:billsmith@gallicenergy.com"billsmith@gallicenergy.com/a/p

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