20080609_financing-terms_vfinal-enMontreal, June 9, 2008 – Gale Force Petroleum Inc. (TSX-V: GFP, the “Corporation”)has announced today that it expects to raise gross proceeds of $5 million through the issuance of Units, in a financing brokered by Becher McMahon Capital Markets Inc. Each Unit will be issued at a price of $0.50 and will consist of one common share of the Corporation and one half-warrant. Each warrant will entitle its holder to purchase one common share of the corporation for $0.70 for a period of two years following the closing of the financing. The common shares and warrants will be subject to a four-month hold period. The financing is subject to TSX Venture Exchange and other customary regulatory approvals.

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.

ABOUT BECHER MCMAHON CAPITAL MARKETS INC. ? www.BMCapitalMarkets.com
Becher McMahon Capital Markets is an independent Limited Market Dealer (LMD), with a wealth of experience in corporate finance, mergers and acquisitions, deal generation, asset management and corporate management.

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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