Gallic announces stock option grant

GALLIC ENERGY LTD. (TSX Venture Exchange: GLC)

CALGARY , Jan. 29 /CNW/ - Gallic Energy Ltd. ("Gallic") announces the grant of 575,000 stock options to directors and officers of the company at an exercise price of $0.11 per share with a 5 year term. The stock options are granted pursuant to the company's stock option plan. The common shares of Gallic Energy Ltd. are listed on the TSX Venture Exchange under the symbol GLC.

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.

For further information: Mr. Mark Woods, President and Chief Operating Officer, Tel: [phone], Fax: [phone], [email protected]