Directorate Changes and Change of Adviser

Gold Oil plc

              Directorate Changes and Change of Adviser

Gold Oil plc ("Gold Oil" or the "Company") is pleased to announce the
appointment of  Mark  Pritchard  as  a  non-executive  director  with
immediate effect.

After  a  career   in  investment  banking,   latterly  with   Nomura
International in London,  Mark was  a founding  member in  1992 of  a
small private equity firm,  Lomond Consultancy, which specializes  in
small cap and high tech  investments.  Mark is currently Chairman  of
Allied Minds Inc.,  a private  equity vehicle  specializing in  early
stage  technology  investment  which  he  founded  in  2004,  and  of
FuturaGene PLC,  a university  spin-out venture  floated on  the  AIM
market in May 2004 and in which  he was an early stage investor.   He
graduated with honors from Cass Business School, London in 1984.

The  Company  also  announces  that  Gary  Moore,  CEO  and  Managing
Director, and  Patrick Mahoney,  Non-Executive Finance  Director  are
leaving  the  board  with  immediate  effect.   The  Company  is   in
discussions with a proposed executive director and expects to be in a
position to make a further announcement shortly.

The Company also announces the appointment of Seymour Pierce  Limited
as the Company's  nominated adviser and  broker, also with  immediate
effect.

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

Gold Oil
Michael Burchell, Chairman                  Tel:  [phone]

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

Notes to Editors

Gold Oil  is an AIM-listed  oil and  gas exploration  and  production
company primarily focused on opportunities in Latin America.   It has
oil production  in Colombia and  significant exploration  acreage and
licences both onshore and offshore in Peru and onshore Colombia.

Further information under Schedule 2 of the AIM Rules:

Mark Alun Pritchard, aged  46, is currently or  has in the past  five
years been a director of the following companies:

Current
Lomond Consultancy Limited
Allied Minds, Inc.
FuturaGene PLC
Lomcon PLC (dormant)

Past
Tradfy (UK) Limited
Intelligence Technology Holdings Limited
Overnet Data (UK) Limited

Mr. Pritchard is the beneficial owner of 42.5 million shares in  Gold
Oil, representing 8.5% of the issued share capital.

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