Galleon Energy Inc. Announces Name Change to Guide Exploration Ltd.

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2011) - Galleon Energy Inc. (TSX:GO - News; "Galleon" or the "Corporation") announces that it has changed its name to Guide Exploration Ltd. ("Guide"). The name change was approved by the shareholders of the Corporation at the special meeting of the Corporation held on November 1, 2011. The Corporation expects that trading of its common shares on the Toronto Stock Exchange under its new name will commence within three to four business days from today's date. Guide's new website address will be www.guidex.ca.Galleon has approximately 85.3 million Class A shares issued and outstanding which trade on the Toronto Stock Exchange under the symbol "GO".