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Galileo Petroleum Ltd. (TSX Venture Exchange: GPL) (the “Company”) is pleased to announce that the TSX-Venture Exchange has approved the Company‚Äôs name change to “Galileo Exploration Ltd.”, effective as of the opening of markets on December 20, 2016. In connection with the change of name, the Company will be changing its stock symbol to GXL.

ON BEHALF OF GALILEO PETROLEUM LTD.

“David Hottman”

David Hottman
CEO

Neither the 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 News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

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