Directors' Dealings

FOR IMMEDIATE
RELEASE
21 May 2008


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

                         Directors' Dealings


The Company was advised on 19 May 2008 that a Notice of Exercise of
Warrants for 2,300,000 ordinary shares of 0.025p ("the Shares") at a
price of 1p per Share was received from Gary Moore, CEO, on that
date, and he has accordingly been issued with 2,300,000 ordinary
shares of 0.025p.

The Company was also advised on 19 May 2008 that a Notice of Exercise
of Warrants for 575,000 ordinary shares of 0.025p ("the Shares") at a
price of 1p per Share was received from Patrick Mahony, Non-Executive
Director, on that date, and he has accordingly been issued with
575,000 ordinary shares of 0.025p.

Application will be made to the London Stock Exchange for the new
ordinary shares, which will rank pari passu with all existing
ordinary shares, to be admitted to trading on AIM.

Following the issue and allotment of the new ordinary shares, Gary
Moore will hold 28,050,000 ordinary shares, or 5.80% of the Company's
issued share capital, and Patrick Mahony will hold 1,725,000 ordinary
shares, or 0.35% of the Company's issued share capital.




Contact:           Michael Burchell, Chairman on 01372 361772
                        Roland Cornish, Beaumont Cornish Limited on
020 7628 3396
                        Jerry Keen, Blue Oar Securities on 020 7448
4492
                        Jonathan Charles, Conduit PR on 020 7429 6611

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