SHARE CONSOLIDATION & REINSTATEMENT TO TRADING

The shares of the Corporation were consolidated on a basis of one (1) new share for each fifty (50) old shares.  There are now an aggregate 1,243,187 common shares of the Corporation issued and outstanding.  The Corporation has been advised that trading in the post-consolidated shares of the Corporation are scheduled to be reinstated effective the opening Friday, February 12, 2010 on the TSX Venture Exchange.

SERIES OF TRANSACTIONS

The Corporation today announced that it has closed several transactions in trust (the “Transactions”) which, in the aggregate, should permit the Corporation to stave off insolvency and provide a viable future for the Corporation.

The Transactions are summarized in point form as follows (greater details are provided below):

•    Three purchase agreements have been closed in trust to purchase oil and gas properties in Texas, Oklahoma and Tennessee with estimated future cash flows from proved reserves estimated at $12.4 million;

•    To finance the property acquisitions and to complete its restructuring, the Corporation has closed in trust a first tranche of CA$1,507,500 out of a maximum CA$3,500,000 in a private placement of shares issued at a price of twenty-five cents (CA$0.25) per share and one half-warrant per share with an exercise price of thirty-seven and one half cents (CA$0.375) and a term of one year.

•    A new agreement was closed in trust with the holders of the Corporation’s CA$1,830,000 secured loan to:

o    Write-down CA$980,000;
o    Convert CA$400,000 into 1,600,000 common shares of the Corporation at a price of twenty-five cents (CA$0.25) per share; and
o    Convert the balance of CA$450,000 into Series I Preferred Shares, convertible into up to 1,800,000 common shares of the Corporation;

The Corporation has received the conditional approval from the TSX Venture Exchange for the closing of the Transactions, which requires the Corporation to meet various conditions, including the filing on SEDAR of a full disclosure document providing all pertinent details about the purchase of the target assets (the “Filing Statement”). The Corporation anticipates filing such Filing Statement on or about the end of February, 2010, at which time the Transactions will be released from escrow.  The Transactions will therefore be held in trust until these requirements are met.

TRANSACTION DETAILS

Revised New Conditional Agreement for the Discharge of the Corporation’s Secured Loan

The Corporation’s new agreement with the holders of its CA$1,830,000 secured loan (the “Lenders”) is to write-down CA$980,000 of the loan, convert CA$400,000 of the loan into 1,600,000 common shares of the Corporation issued at a price of twenty-five cents (CA$0.25) per share and convert the balance of CA$450,000 into Series I Preferred Shares, such preferred shares being convertible into up to 1,800,000 common shares of the Corporation provided that the number of common shares acquired by the principal Lender, Primatlantis Capital, L.P. (“Primatlantis”), upon any such conversion, when combined with the number of Common Shares owned or controlled, directly or indirectly, by Primatlantis prior to the conversion, does not exceed ten percent (10%) of the shares issued and outstanding of the Corporation (collectively, the “Revised New Conditional Agreement”).

The Revised New Conditional Agreement is conditional upon the Corporation closing the other Transactions. Of the total 3,400,000 common shares of the Corporation that may be issued to the Lenders, under separate agreements, directors and officers of the Corporation will have the right to purchase 560,000 common shares from the Lenders until February 28, 2011 at a price of twenty-five cents (CA$0.25) per share.

Until the release from escrow of the Transactions, one of the secured Lenders, Primatlantis shall provide interim financing to the Corporation of approximately $200,000 over and above the value of the secured loan, which the Corporation shall use mainly to make advance payments towards the purchase of the acquisitions described below, and which shall be repaid to the Lenders in priority to any other disbursements upon closing of the private placement.

Private Placement

To finance the acquisitions (described in greater detail below), and to complete its restructuring, the Corporation has closed in trust a tranche of $1,507,500 out of a maximum $3,500,000 in a private placement of units (the “Units”) issued at a price of twenty-five cents (CA$0.25) per Unit, comprised of one common share of the Corporation (the “Common Shares”) and one-half (1/2) warrant per Common Share (the “Warrants”).

Of the $1,507,500 raised in this tranche, insiders of the Corporation or entities under their control subscribed for a total $140,000.

Between 6,030,000 Units and 14,000,000 Units in total will be issued as part of the private placement.  Each whole Warrant shall entitle its holder to purchase one (1) common share of the Corporation for twelve (12) months from the closing date at a purchase price of thirty-seven and one half cents (CA$0.375) per common share (the “Warrant Shares”).

In connection to the closing of the $1,507,500 tranche of the private placement, the Corporation shall pay finder’s fees comprised of $106,500 in cash and $19,250 via the issuance 79,000 Units, to several finders at arms-length to the Corporation and all parties involved in the related transactions.

The Corporation may also pay further finder’s fees equal to up to 10% of any additional gross proceeds of the financing, a portion of which may be paid through the issuance of Units.

Property Purchases

The Corporation has entered into agreements to purchase three property assets.

Please note that the definitions of “proved reserves”, “proved developed reserves”, “proved developed non-producing reserves”, “proved undeveloped”, “probable reserves” and “possible reserves” used herein are consistent with the Canadian Oil and Gas Evaluator’s Handbook in compliance with Canadian National Instrument 51-101.  Please also note that the estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation, and the estimated values disclosed herein do not represent fair market value.

The three property asset acquisitions the Corporation purchased are as follows:
(1)    Acquisition #1. The Corporation has closed in trust the purchase of a 100% working interest with an 80% net revenue interest in an oil property in East Texas with 6 non-producing wells on 1,200 gross acres (1,200 net acres) (the “Wells Ranch Property”).

In a report titled “Evaluation of Reserves Attributable to Gale Force Petroleum in J.C. Wells Field, Wood County, Texas” prepared as at December 1, 2009, the reserves of the Wells Ranch Property were estimated by an independent qualified reserves evaluator, Waterson Calhoun, P. Eng., at Crest Engineering Services***, as described in the following table:

*The reserves were estimated using NYMEX (WTI) prices of $76,72 for 2009, $81,08 for 2010 and $85,71 for 2011, held constant thereafter, with a price differential of -$15 per barrel for Sub Clarksville production and -$3.50 for Paluxy production, such differentials being held constant for the life of the reserves.
**All reserves quantities are undiscounted estimates; only the Net Present Value of Future Net Revenues in the last column of the table are discounted estimates.
***Waterson Calhoun, P.Eng, is a consultant to the Corporation who works regular with the Corporation to evaluate reserves and operations on its properties.
The consideration for the Wells Ranch Property purchase is US$100,000 in cash and CA$100,000 via the issuance of 400,000 common shares of the Corporation issued at a price of twenty-five cents (CA$0.25) per share.

The Vendor of the Wells Ranch Property is at arms-length to the Corporation.

(2)    Acquisition #2. The Corporation has closed in trust the purchase of a 75.5% working interest with an 80% net revenue interest in a second oil property in East Texas with 27 non-producing well bores on 900 gross acres (680 net acres) (the “Pine Mills Property”).

In a report titled “Evaluation of Reserves Attributable to Gale Force Petroleum in Pine Mills Field, Wood County, Texas” prepared as at December 1, 2009, the reserves of the Pine Mills Property were estimated by an independent qualified reserves evaluator, Waterson Calhoun, P.Eng at Crest Engineering Services***, as described in the following table:

*The reserves were estimated using a discount rate of 10%, using NYMEX prices of $76,72 for 2009, $81,08 for 2010 and $85,71 for 2011, held constant thereafter, with a price differential of -$18.39 per barrel, such differentials being held constant for the life of the reserves.
**All reserves quantities are undiscounted estimates; only the Net Present Value of Future Net Revenues in the last column of the table are discounted estimates.
***Waterson Calhoun, P.Eng, is a consultant to the Corporation who works regular with the Corporation to evaluate reserves and operations on its properties.
The consideration for the Pine Mills Property is the assumption of approximately US$500,000 in short-term, unsecured trade payables.
The Vendor of the Pine Mills Property is at arms-length to the Corporation.

(3)    Acquisition #3. The Corporation has closed in trust the purchase of 100% of the shares of Buccaneer Energy Corporation, LLC, a private oil and gas company based in Dallas, Texas (“Buccaneer”), which has oil and gas properties located in Texas, Oklahoma and Tennessee.
Buccaneer’s oil and gas assets are mainly 100% working interest holdings, and one 20% working interest in a non-operated property, with 10 producing wells and 15 non-producing wells on a total of 5,970 gross acres (2,620 net acres), and such assets also include operating equipment, including one workover rig, as well as two operating subsidiaries that hold no assets but are the registered entities that operate Buccaneer’s properties in Texas and Oklahoma.

In a report titled “Appraisal of Certain Oil and Gas Properties Owned by Buccaneer Energy Corporation Located in Oklahoma, Tennessee, and Texas” as at October 1, 2009, Buccaneer’s oil and gas reserves were estimated by an independent qualified reserves evaluator, Michele K. Mudrone, P.Eng, at MKM Engineering, using a discount rate of 10%, and using NYMEX prices until 2019 held constant thereafter* as described in the following table:

*The reserves were estimated using NYMEX (WTI) prices of $70. 27 for 2009, $70.94 for 2010 and $75.76 for 2011, etc., with a price adjustment to the NYMEX prices that is indexed to the monthly average of the daily closing prices received on the properties at the Cushing, Oklahoma delivery point.
**All reserves quantities are undiscounted estimates; only the Net Present Value of Future Net Revenues in the last column are discounted estimates.

The consideration for the purchase of Buccaneer is:

(i)    The issuance 6,543,421 common shares of the Corporation issued at twenty-five cents (CA$0.25) per share with a total issuance value of CA$1,635,855, out of which 1,164,680 common shares are applied to discharge CA$291,170 (US$276,612) in liabilities of Buccaneer simultaneous with the closing;

(ii)    The issuance of CA$256,073 in preferred shares of the Corporation, such preferred shares being convertible into up to 1,024,291 common shares of the Corporation, out of which CA$234,474 (US$222,750) of the preferred shall issued be paid to discharge liabilities of Buccaneer simultaneous with the closing;

(iii)    The issuance of 672,340 warrants to purchase common shares of the Corporation for a term of one year and an exercise price of thirty-seven and one half cents (CA$0.375) per common share; and

(iv)    The assumption of approximately US$1,294,844 in gross liabilities, which is calculated as US$1,794,206 total liabilities as at December 31, 2009 less the US$499,362 that shall be repaid and discharged by the issuance of common shares and preferred shares at closing (see sub-paragraphs (i) and (ii) above).  The net working liabilities assumed is US$833,034, which can be calculated as US$301,560 current assets less US$161,328 in current liabilities, less US$808,796 in long-term bank debt, less US$164,520 in shareholder advances; this can otherwise be calculated as US$1,275,061 in gross liabilities, less US$160,200 in deferred income taxes, less US$301,560 in current assets.

The total “deemed consideration” for Buccaneer and all its assets, including its current assets, is therefore CA$3,254,922 (CA$1,635,855 in common shares, CA$256,073 in preferred shares and CA$1,362,993 in total liabilities using an exchange rate of CAD/USA=0.95) .

The largest shareholder of Buccaneer, Mr. Chip Langston, who will become an officer of the Corporation upon the closing of the transaction, will be the sole recipient of the preferred shares, and these preferred shares shall only be convertible into common shares of the Corporation provided that the number of common shares acquired by Mr. Langston upon any such conversion, when combined with the number of Common Shares owned or controlled, directly or indirectly, by Mr. Langston prior to the conversion, does not exceed five percent (5%) of the shares issued and outstanding of the Corporation.

The following table shows historical summary financial information for Buccaneer:

*These liabilities are composed of US$339,145 in shareholder advances of Buccaneer and a US$180,000 payable, which shall be repaid at closing via the issuance of 1,164,680 common shares of the Corporation to discharge CA$291,170 (US$276,612) of liabilities and CA$255,298 (US$242,533) in preferred shares convertible into up to 1,021,192 shares of the Corporation out of the total consideration paid by the Corporation for Buccaneer.
**Of the Shareholder Advances debt assumed, US$107,145 shall be repaid in the short-term after closing; the balance of US$57,375 is a long-term unsecured note bearing 6% interest.

More thorough financial disclosure about Buccaneer shall be provided prior to closing the Transactions when the Corporation publishes the Filing Statement on or about the end of February, 2010, at which time the Transactions will be released from escrow.

Upon the release from escrow of the Transactions, three new persons will join the Corporation:

(1)    Mr. Chip Langston, will become the President and CEO and a director of the Corporation.  Mr. Langston has over 30 years experience in executive and operational management in the public and private oil and gas companies.  In 1979, Mr. Langston was a key principal of TransWestern, a TSX listed oil and gas company, which was sold in 1983 at a profit. In 1989, Mr. Langston was a also key principal of Search Exploration, a NASDAQ listed company, which was sold at a profit in 1993 to a junior major. Mr. Langston’s has since built private oil companies, including Buccaneer.

(2)    Mr. Steve Hood, will become a director of the Corporation.  Mr. Hood is a professional director, having throughout his career helped grow small private and public companies in to large companies, mainly in the insurance, healthcare and investments industries.

(3)    Mr. Eddie Loudon, P. Geol, will become a director of the Corporation. Mr. Loudon has 30 years of experience managing oil and gas companies and performing geological research, with a focus in Texas.

Upon the addition of Messrs. Langston, Hood and Loudon, the Board of Directors and Officers of the Corporation will be as follows:

STOCK OPTION PLAN

The Corporation has amended its stock option plan and issued stock options under the new plan.  The Amended Stock Option Plan permits the Corporation to issue up to 125,000 options (post-share-consolidation), which is less than 10% of shares of the Corporation issued and outstanding. The Corporation issued options to purchase an aggregate 125,000 shares of the Corporation at a price of $0.25 (post-share-consolidation), which expire at latest on February 11, 2015; 25,000 option to each of the Corporation’s directors.  The Amended Stock Option Plan and the issuance of options are subject to the approval of the TSX Venture Exchange.

TRANSACTIONS SUMMARY

The table below displays an example of the capital structure of the Corporation following the closing of the Transactions:

Following the closing of the Transactions, management of the Corporation considers that the restructuring of the Corporation completed. The restructuring has resulted in the elimination of the Corporation’s secured loan, a substantial increase in the size and potential of the Corporation’s oil and gas reserves, and sufficient working capital and cash flow from operations to continue as a going concern.

Forward looking statements:

Statements included herein, including those that express management’s expectations or estimates of our future performance, constitute “forward-looking statements” within the meaning of applicable securities laws.  Forward-looking statements – especially but not limited to any geological or reservoir information not supported by a NI 51-101 report – are  based on assumptions and estimates that are subject to various risks and uncertainties including but not limited to geological risk, engineering risks, market risk and the risks disclosed under the heading “Business Risks” in the Corporation’s periodic filings with Canadian securities regulators, including most recently in its Management Discussion and Analysis for the annual exercise ended June 30, 2009 available on SEDAR. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Corporation does not assume the obligation to update any forward-looking statements.

“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.”

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STOCK HALT

The Corporation’s shares will remain suspended from trading until the TSX Venture Exchange approves the Corporation’s application for Reinstatement to Trading.  The suspension from trading was due to a delay in the publication of the Corporation’s annual report and associated filings for the year ended June 30, 2009 and for the interim period ended September 30, 2009.  The delays in the publication of these reports were the result of the ongoing restructuring of the Corporation.  These filings have now been made and are available on www.SEDAR.com or on the Corporation’s website at www.GaleForcePetroleum.com.

SHAREHOLDER’S MEETING

On January 15, 2010, the Corporation held an annual and special meeting of its shareholders.  All motions proposed by the Corporation were approved by significant majorities of the Shareholders.

DIRECTOR’S AND OFFICERS

The Shareholders elected five members to the Board of Directors, including a new Director, Mr. Roman Boyko, who will also serve as the Chairman of the Corporation’s Audit Committee.  Mr. Boyko was a member of L’Ordre des Comptables Agréés du Québec from 1962 until 2008. Mr. Boyko was previously a partner of Coopers & Lybrand from 1983 to 1989 and a partner of  Boyko, Joly Chartered Accountants from 1989 until 2005, where he specialized in Business Interruptions Claims and Litigation, an area in which he continues to work as an independent consultant.

The following is a summary of the Corporation’s current directors and officers:

Board of Directors

Michael McLellan – Chairman of the Board
Roman Boyko – Chairman of the Audit Committee
Guillaume Dumas
Mazen Haddad
Antoinette Lizzi

Officers

Michael McLellan – President and CEO
Antoinette Lizzi – Vice-President and CFO

SHARE CONSOLIDATION

The Shareholders approved a consolidation of the Corporation’s common shares on the basis of one (1) new share for fifty (50) old shares. There are currently 62,677,178 common shares of the Corporation issued and outstanding.  Following the consolidation there will be 1,253,544 common shares issued and outstanding. The effective date of the consolidation will be prior to the resumption in trading of Corporation’s shares.  The consolidation is subject to the approval of the TSX Venture Exchange.

CREATION OF A NEW CLASS OF PREFERRED SHARES

The Shareholders approved the creation of a new class of preferred shares of the Corporation issuable in series.  The Corporation currently has only one class of share capital, being common shares. The purpose of the preferred shares is to aid in the restructuring of the Corporation’s debts and to provide the Corporation with the flexibility it needs to complete the Proposed Transactions.

PROPOSED TRANSACTIONS

The Corporation intends to complete several transactions (the “Proposed Transactions”) to complete the restructuring of its debts and acquire new assets, which could permit the Corporation to stave off insolvency and provide a viable future for the Corporation.

The Proposed Transactions are summarized in point-form here.  Greater details will be provided in a subsequent news release prior to the resumption in trading of the Corporation’s shares.

•    A new conditional agreement has been reached with the holder of the Corporation’s CA$1,830,000 secured loan to:

o    Write-down CA$980,000;
o    Convert CA$400,000 into 1,600,000 common shares of the Corporation at a price of twenty-five cents (CA$0.25) per share (post share consolidation); and
o    Convert the balance of CA$450,000 into Series I Preferred Shares, convertible into up to 1,800,000 common shares of the Corporation;

•    Three property asset purchase agreements have been signed to purchase oil and gas properties and assets in Texas, Oklahoma and Tennessee;

•    To finance the property acquisitions and to complete its restructuring, the Corporation intends to close an equity financing of between CA$1,000,000 and CA$3,500,000 in a private placement of shares issued at a price of twenty-five cents (CA$0.25) per share and one half-warrant per share with an exercise price of thirty-seven and one half cents (CA$0.375) (post share consolidation) and a term of one year.

The Proposed Transactions are subject to the approval of the TSX Venture Exchange and other customary regulatory approvals.

OTHER MATTERS

On November 16, 2009, an agreement to settle a litigation brought by the Corporation has been reached by the Corporation and the defendant, and the Corporation was paid gross $700,000 or $500,000 net of trial costs on December 16, 2009 under the terms of the agreement.  Of the $500,000 net proceeds, the Corporation disbursed $200,000 to repay advances that had been made to it by its secured creditor over and above the secured loan amount and a further $200,000 was used to pay down the Corporation’s $2,030,000 secured loan, reducing the balance of the loan to $1,830,000.  The remainder of the funds were dispersed to discharge some of the Corporation’s accumulated short-term liabilities, to pay for the administrative costs of bringing the Corporation into compliance with its reporting obligations, and to pay some of the costs of obtaining the necessary regulatory and shareholder approvals of the transactions discussed herein.

Under the terms of the Proposal to Creditors filed by the Corporation on February 4, 2009, the Corporation has issued 43,208,876 common shares to settle claims.  The Corporation also issued 1,270,000 common shares on September 22, 2008 and 400,000 common shares on November, 2008 to creditors in shares for debt transactions, which also were part of the Corporation’s restructuring. There are now currently 62,677,178 common shares of the Corporation issued and outstanding.

For more information, please contact: Michael McLellan, Chairman and CEO, +1.514.333.9292

ABOUT GALE FORCE PETROLEUM INC.TM ? www.GaleForcePetroleum.com
Gale Force Petroleum is a public corporation focused on acquiring and exploiting unconventional and conventional gas resources in mature basins, building shareholder value through accretive opportunistic acquisitions and development of its properties.  It owns producing natural gas properties in Kentucky, USA.

Forward looking statements:
Statements included herein, including those that express management’s expectations or estimates of our future performance, constitute “forward-looking statements” within the meaning of applicable securities laws.  Forward-looking statements – especially but not limited to any geological or reservoir information not supported by a NI 51-101 report – are  based on assumptions and estimates that are subject to various risks and uncertainties including but not limited to geological risk, engineering risks, market risk and the risks disclosed under the heading “Business Risks” in the Corporation’s periodic filings with Canadian securities regulators, including most recently in its Management Discussion and Analysis for the annual exercise ended June 30, 2008 available on SEDAR. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Corporation does not assume the obligation to update any forward-looking statements.

“The TSX Venture Exchange has not reviewed this release and therefore does not accept responsibility for its adequacy or accuracy.”

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The Corporation has signed the following agreements:

(1) A new conditional agreement with its secured lender to write-down $1,380,000 of its $2,030,000 secured loan and convert the balance of $650,000 into shares of the Corporation at a price of one-half cent (CAD 0.005) per share.

(2) Agreements with vendors of several oil and gas properties in Tennessee, Oklahoma, East Texas and West Texas, enabling the Corporation to conduct due diligence on and purchase working interests in any or all of the properties.

(3) A memorandum of understanding was signed to merge with a private oil and gas company, which will remain confidential pending due diligence.

Additionally, the Corporation has announced that it is seeking to raise proceeds of at minimum CAD 850,000 (maximum CAD 5,000,000) via an equity private placement of units containing shares and warrants at a price of one-half cent (CAD 0.005) per share.

The stock of the Corporation will remain halted until further details about the properties it intends to acquire and further information as to the ultimate deal structure are disclosed. Further information will be provided when available.

ABOUT GALE FORCE PETROLEUM INC.^TM ? www.GaleForcePetroleum.com

Gale Force Petroleum is a public corporation focused on acquiring and exploiting unconventional and conventional gas resources in mature basins, building shareholder value through accretive opportunistic acquisitions and development of its properties.  It owns producing natural gas properties in Alberta, Canada and in Kentucky, USA.

“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.”

-30-

Due to a lack of resources, the Corporation has very little time to find a solution to continue as a going concern. Shareholders should be aware of the significant and imminent risk of bankruptcy.

The Corporation wants investors to be aware of the following facts:

• The Corporation has zero remaining sources of cash resources and is insolvent. Operations have been reduced to the minimum and are being funded tentatively by deferred compensation to employees, by shareholder advances and by minimal increases in the secured loan to maintain asset value.

• The Corporation intends to file for bankruptcy in the coming weeks or months unless it can obtain new financing or sources of cash;

• The Corporation will not be able to obtain new debt financing because it holds a $2 million first-rank loan secured by all assets of the Corporation;

• The Corporation will not be able to obtain new equity financing at current market prices. Regulations do not permit the Corporation to issue shares below the price at market.

“The Corporation faces numerous obstacles to remain a going concern”, said Michael McLellan, Chairman and CEO. “Amongst other operational difficulties, at current market prices for the Corporation’s shares, the Corporation will apparently be unable to obtain equity financing, which practically assures the Corporation has no chance of survival”.

Forward looking statements:

Statements included herein, including those that express management’s expectations or estimates of our future performance, constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are based on assumptions and estimates that are subject to various risks and uncertainties including but not limited to the risks disclosed under the heading “Business Risks” in the Corporation’s most recent Management Discussion and Analysis for the annual exercise ended June 30, 2008 available on SEDAR.

“The TSX Venture Exchange has not reviewed this release and therefore does not accept responsibility for its adequacy or accuracy.”

-30-

“We are pleased to have a professional of the quality of Guillaume Dumas, with such relevant and valuable experience, joining the Corporation,” said Michael McLellan, Chairman and CEO.

The Corporation also announced that 43,208,876 common shares were issued to settle debts under the terms of the Proposal to Creditors it filed on February 4, 2009 under the Bankruptcy and Insolvency Act (Canada). The shares will be delivered to the creditors and the final payments will be made under the Proposal to Creditors within approximately thirty days. This will complete the Proposal to Creditors and Trustee will be discharged.

Following the issuance of these shares, 62,677,178 shares of the Corporation will be issued and outstanding.

ABOUT GALE FORCE PETROLEUM INC.^TM www.GaleForcePetroleum.com

Gale Force Petroleum is a public corporation focused on acquiring and exploiting unconventional and conventional gas resources in mature basins, building shareholder value through accretive opportunistic acquisitions and development of its properties.  It owns producing natural gas properties in Alberta, Canada and in Kentucky, USA.