Pursuant to a resolution passed by the directors of the company on Oct. 2, 2014, the company has consolidated its capital on a one-new-for-three-old basis. The name of the company has not been changed.

Effective at the opening on Monday, Oct. 20, 2014, the shares of Galileo Petroleum Ltd. will commence trading on the TSX Venture Exchange on a consolidated basis. The company is classified as an oil and gas exploration company.

Postconsolidation

Capitalization:  Unlimited shares with no par value, of which 5,422,692 shares are issued and outstanding

Escrow:  Nil shares

Transfer agent:  Computershare Trust Company of Canada

Trading symbol:  GPL (unchanged)

Cusip No.:  36354R205 (new)