Director's Dealings

Gold Oil PLC
23 May 2006



FOR IMMEDIATE RELEASE                                                23 May 2006


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

                              DIRECTOR'S DEALINGS


The Board announces that Patrick Mahony, Director, today exercised 575,000
directors' warrants to subscribe for 575,000 ordinary shares at 1p per share
('the Shares'). The Shares will rank pari passu with all existing shares in
issue, and application will be made for admission to trading on AIM.

Following the issue of the Shares, Mr Mahony will own a total of 575,000 shares
or 0.176% of the enlarged issued share capital, together with 1,825,000
directors' warrants.


Contact:

Michael Burchell, Chairman on 01372 361772
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396



                      This information is provided by RNS
            The company news service from the London Stock Exchange