Board Changes

18th August 2010

                                  GOLD OIL plc
                         ("Gold Oil" or "the Company")


                                 Board changes


Gold Oil the AIM-listed oil and gas exploration and production company primarily
focused on opportunities in Latin America announces a major restructuring of its
board of Directors.

Mr  Richard Mew, aged  54, will join the  board as Chief  Executive Officer with
immediate  effect.  Mr Mew is  a highly experienced senior  executive in the oil
industry  with particular experience in business development.  Richard was until
recently  the Director of Business Development  for Centrica Energy where he was
responsible for all upstream acquisitions, divestments, and business development
activity.    He  led the  2009 successful acquisition  of Venture Production for
approximately  £1.5 billion  by Centrica  and during  his time with the company,
completed  a  number  of  other  significant  acquisitions.   Prior to Centrica,
Richard  held senior management  positions with ChevronTexaco,  Amerada Hess and
Conoco all with business development focus.
In  addition Dr John Charlton,  aged 66, will join the  board as a non-executive
director  also with  immediate effect.   Following a  successful career with ICI
where  he rose to the  position of Group Treasurer  leading the finance function
with  around 1,000 qualified staff  worldwide, John moved  to Kvaerner the Anglo
Norwegian  engineering  and  construction  Group  where  he  was appointed Chief
Financial  Officer.  Since leaving Kvaerner in 2001, John has served on a number
of  boards including Biofuels Corporation PLC, Bateman Litwin N.V. and Potatopak
Limited, and has been the CFO of Trikona Advisers Ltd, the manager of AIM listed
Trinity Capital PLC.
Mr  John Bell will replace Mr Mark  Pritchard as non-executive Chairman but Mark
will continue to serve as a non executive director on the board of Gold
Commenting  on the changes, John Bell said "I would like to welcome both Richard
Mew  and John Charlton to  the board.  I believe  that they will both contribute
greatly  to the future growth of Gold Oil.   I am looking forward to leading the
Company and believe we have now created a very strong management team which will
be  able to deliver significant  shareholder value in the  near future.  I would
also like to thank Mark Pritchard for his contribution as Chairman over the past
18 months  and  am  pleased  he  will  remain  on  the  board as a non-executive
director".
Ends

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

Gold Oil
John Bell, Chairman                                                Tel: +61
3 8610 3000

Seymour Pierce
Jonathan Wright / Richard Redmayne                    Tel:  [phone]

Further information on each of the Directors under Schedule 2 of the AIM Rules:

Richard Martin Mew is currently or has in the past five years been a director of
the following companies:

Current
Norrels Drive (East Horsley) Ltd

Past

Centrica Norway Ltd
Centrica Resources (Armada) Ltd
Centrica Resources (Nigeria) Ltd
Centrica Resources (Norge) AS
Centrica Resources Ltd
Centrica Russia Ltd


John Michael Charlton is currently or has in the past five years been a director
of the following companies:

Current

Potatopak Limited

Past

Bateman Litwin N.V.




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Source: Gold Oil PLC via Thomson Reuters ONE