GALILEO EXPLORATION LTD. Addendum to Private Placement

Galileo

EXPLORATION LTD.

GALILEO EXPLORATION LTD. Addendum to Private Placement

VANCOUVER, BC – November 1, 2017

Galileo Exploration Ltd. (TSX Vent ure Exchange: GXL) (the " Company") provides the following

additional disclosure in relation to the private placement financing which closed as previously

announced by news release dated October 11, 2017 (the “Private Placement”).

A c ertain insider of the Company purchased or acquired direction and control over a total of

2,500,000 units under the Private P lacement. The placement to that person constitutes a

“related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 and

Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special

Transactions (“MI 61-101”) adopted in the Policy. The Company has relied on exemptions from

the formal valuation and minority shareholder approval requirements of MI 61-101 contained in

sections 5.5(b) and 5.7(1) (b) of MI 61-101 in respect of related party participation in the

placement. Further details will be included in a material change report to be filed by the

Company. The material change report was not filed more than 21 days prior to closing of the

placement due to the timing of the announcem ent of the P rivate Placement and clos ing

occurring in less than 21 days.

ON BEHALF OF GALILEO EXPLORATION LTD.

"Ron Rieder"

Ronald A. Rieder CEO/President

Galileo Exploration Ltd.

407 - 325 Howe Street

Vancouver, BC V6C 1Z7

Tel: (604) 629-1929

Fax: (604) 629-1930

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.

Galileo

EXPLORATION LTD.