12 March 2007

GOLD OIL PLC ("Gold Oil" or the "Company") Shareholding

The Company were informed on 5 March 2007 of the following:

that at that date, Mr I Parvizi purchased 8,050,000 ordinary shares in Gold Oil and accordingly now has an interest in 55,800,000 of these shares, representing 12.76% of the Company's issued share capital.

Contact: Michael Burchell, Chairman on 01372 361772