29 October 2008

Gold Oil Plc (AIM: GOO)
('Gold Oil' or the 'Company')

Appointment of Fox-Davies Capital as Broker

Gold Oil Plc, the AIM-quoted oil and natural gas exploration and production company, is pleased to announce that it has appointed Fox Davies Capital Limited ('Fox-Davies'), as its broker with immediate effect.

Mike Burchell, Chairman of Gold Oil, said:

'Gold Oil is very pleased to be able to announce that it has appointed Fox-Davies Capital as its broker, due to its expertise and track record in advising and raising funds for oil and gas companies operating in emerging markets.'

For further information on the Company, visit: www.goldoilplc.com or contact:

- Michael Burchell, Chairman Tel: 01372 361 772
- Roland Cornish, Beaumont Cornish Limited Tel: 020 7628 3396
- Richard Hail, Head of Corporate Fox Davies Capital Finance Tel 020 7936 5230
- Jonathan Charles, Conduit PR Tel: 020 7429 6611

Notes to Editors

Fox-Davies Capital is a Member of the London Stock Exchange and specialises in providing Corporate Finance advisory, broking and capital raising services to international resource companies. Fox-Davies provides its corporate clients with access to investors in the UK, European and North American capital markets and has an established track record with specialist resource investors.

Further information is available on Fox Davies Capital's website at: www.fdcap.com

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