19 November 2007

Gold Oil plc ('Gold or the Company') announces Directors' dealings

DIRECTORS' DEALINGS

The Board announces the following Director dealings which took effect today:

+-------------------------------------------------------------------+
| Name       | Warrants  | Warrants   | Number of   | Percentage of |
|            | Exercised | Remaining  | Shares Held | Issued Shares |
|------------+-----------+------------+-------------+---------------|
| Michael    | 575,000   | 575,000 at | 6,725,000   | 1.40%         |
| Burchell   |           | 1p         |             |               |
|            |           | 5,400,000  |             |               |
|            |           | at 9p      |             |               |
|------------+-----------+------------+-------------+---------------|
| Gary Moore | 2,300,000 | 2,300,000  | 25,750,000  | 5.37%         |
|            |           | at 1p      |             |               |
|            |           | 10,000,000 |             |               |
|            |           | at 9p      |             |               |
|------------+-----------+------------+-------------+---------------|
| Patrick    | 575,000   | 575,000    | 1,150,000   | 0.24%         |
| Mahony     |           |            |             |               |
+-------------------------------------------------------------------+

The Shares will rank pari passu with all existing shares in issue, and application will be made for admission to trading on AIM.

Enquiries:

Gary Moore , Managing Director
Tel: +44 (0) 1737 830 133
Email: gmoore@goldoilplc.com

Mike Burchell, Chairman
Tel. +44 (0) 1372 361 772
Email: mikeburchell@hotmail.com

Roland Cornish Beaumont Cornish Limited
Tel: +44 (0) 20 7628 3396