29 February 2008

Gold Oil PLC - Change of Broker

The Board of Gold Oil is pleased to announce the appointment of Blue Oar Securities plc as Broker to the Company. Beaumont Cornish will continue to act as Nominated Adviser to the Company.

Contact:

Michael Burchell, Chairman on 01372 361772

Jerry Keen, Blue Oar Securities on 020 74484492

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396