12 July 2007

GOLD OIL PLC ('Gold Oil' or the 'Company') Issue of Equity

The Company has been advised that a Notice of Exercise of Warrants for 11,500,000 ordinary shares of 0.025p was received on 9th July 2007, and has accordingly issued 11,500,000 ordinary shares of 0.025p.

Application will be made to the London Stock Exchange for the new ordinary shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM.

Contact:

Michael Burchell, Chairman on 01372 361772

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396.