Galileo Petroleum Ltd. (TSX Venture Exchange: GPL) (FWB: P5HH) (“Galileo”) is pleased to provide the following corporate update.

The Company will hold its Annual General Meeting of Shareholders on Tuesday, September 20th, 2016.

The Company is currently reviewing several precious metals projects of merit for acquisition. It is management’s view that pursuing business opportunities within the mining sector will benefit the Company by creating share owner value, increasing investor interest, trading liquidity and access to capital.

The Company will, subject to the approval of the TSX Venture Exchange, change its name to reflect this refocusing on mining. The Company may, in connection with the Name Change, change its stock symbol.

Further information will be released as it becomes available.

ON BEHALF OF GALILEO PETROLEUM LTD.

“David Hottman”


David Hottman
Chief Executive Officer

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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