14 January 2008

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

The Company was informed on 9 January 2008 that following an acquisition of ordinary shares in Gold Oil on 8 January 2008, MF Global UK Limited has an interest in 28,864,697 of the Company's shares, representing 6.23% of the Company's issued share capital.

ENDS

Contact:

Michael Burchell, Chairman on 01372 361772

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396