20080627_financing-closing_vfinalMontreal, June 27, 2008 – Gale Force Petroleum Inc. (TSX-V: GFP, the “Corporation”) announced that it has closed its previously announced private placement, raising gross proceeds of $1.7 million via the issuance of 3.4 million Units at $0.50 per Unit. Each Unit consists of one common share and one half common share purchase warrant with an exercise price of $0.70, expiring June 27, 2010. The common shares and warrants are subject to a four-month hold period. The financing is subject to TSX Venture Exchange approval.

“The funds raised will permit the Corporation to complete the purchase of the Kentucky Shale Gas Property as planned” said Michael McLellan. “Following the closing of the acquisition, the Corporation will continue fund raising efforts in line with its previously announced financing goals”.

In connection with the financing, Becher McMahon Capital Markets Inc. and members of the selling group were paid fees of $102,408 and were issued broker warrants to purchase 256,020 common shares with an exercise price of $0.50 expiring June 27, 2010. Other brokers were paid fees of $14,560 and were issued broker warrants to purchase 29,900 common shares with an exercise price of $0.50 expiring June 27, 2010. All broker warrants are non-transferable and are subject to a four-month hold period.

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

Gale Force Petroleum is a public oil and gas corporation focused on acquiring and developing oil and gas properties in North America, building shareholder value through growth.

For more information, please contact:

Gale Force Petroleum Inc.

Michael McLellan, +1.514.333.9292

Becher McMahon Capital Markets Inc.

Campbell Becher, +1.647.426.1660

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 exercise ended June 30, 2007 available on SEDAR. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company 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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