GLC Gallic Energy Ltd.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Gallic Energy Ltd. (the "Corporation") (TSX VENTURE:GLC) is pleased to announce
that, in connection with its previously announced offering (the "Offering"), the
Corporation and the syndicate of underwriters co-led by Macquarie Capital
Markets Canada Ltd. and Canaccord Genuity Corp., and including Raymond James
Ltd., Paradigm Capital Inc. and Fraser Mackenzie Limited (collectively, the
"Underwriters") have agreed to increase the size of the Offering to 57,500,000
units (the "Units") at a price of $0.40 per Unit for total gross proceeds of
$23,000,000. Each Unit will consist of one common share ("Common Share") and one
half common share purchase warrant ("Warrant") of the Corporation. Each whole
Warrant will entitle the holder to acquire one Common Share at a price of $0.60
for a period of 24 months from the closing date of the Offering.


The Offering will be made in the Provinces of British Columbia, Alberta and
Ontario by way of private placement. The Offering is scheduled to close on or
about April 13, 2011.


Net proceeds of the Offering will be used to fund the Corporation's 2011
exploration and development programs and for general corporate purposes.


Readers' Advisory

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements. This press release may contain
statements within the meaning of safe harbour provisions as defined under United
States Securities Laws and Regulations. The above statements are based on the
current expectations and beliefs of the Corporation's management and are subject
to a number of risks and uncertainties that may cause the actual results to
differ materially from those described above. 


Forward Looking Information

This news release contains certain "forward-looking information" within the
meaning of such statements under applicable securities law including statements
relating to the Offering. 


Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or statements that
certain events or conditions "may" or "will" occur. These statements are only
predictions. Forward-looking information is based on the opinions and estimates
of management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These factors include, but are not limited to, the ability of the
Corporation and the Underwriters to complete the Offering as currently
contemplated or at all. Actual timelines associated may vary from those
anticipated in this news release and such variations may be material. Industry
related risks could include, but are not limited to, operational risks in
exploration, development and production, delays or changes in plans, risks
associated to the uncertainty of reserve estimates, health and safety risks and
the uncertainty of estimates and projections of production, costs and expenses.
The Corporation undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change, unless
required by law. The reader is cautioned not to place undue reliance on this
forward-looking information.

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