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27 October 2008

GOLD OIL PLC ('Gold Oil' or the 'Company')

Significant Shareholdings

The Company was informed on 24 October 2008 that following an acquisition of ordinary shares in Gold Oil on 13 October, Mr I Parvizi has an interest in and will be the registered holder of 110,113,065 ordinary shares in the Company, representing a holding of 22.79% of the Company's issued share capital.

ENDS

Contact:

Michael Burchell, Chairman Tel: 01372 361 772
Roland Cornish, Beaumont Cornish Limited Tel: 020 7628 3396

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