Montreal, November 10, 2008 – Gale Force Petroleum Inc. (TSX-V: GFP, the “Corporation”) today announced that it has signed an agreement with its lender to settle debts from accumulated interest and fees totalling $60,000 by the issuance of 400,000 common shares of the Corporation at a price of $0.15 per share.  The shares to be issued will be subject to a four-month hold period.  The issuance of the common shares is subject to the approval of the TSX Venture Exchange.  Following this issuance of common shares, there will be 19,468,355 shares of the Corporation issued and outstanding.20081110_shares-for-debt_vfinal-en

ABOUT GALE FORCE PETROLEUM INC. ? 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 growth.  It owns producing natural gas properties in Alberta, Canada and in Kentucky, USA.

For more information, please contact:

Gale Force Petroleum Inc.

Michael McLellan, President and CEO, +1.514.333.9292

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

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