Issue of Equity

Gold Oil PLC
02 July 2007




FOR IMMEDIATE RELEASE                                                2 July 2007


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

                                Issue of Equity


The Company has been advised that a Notice of Exercise of Warrants for 200,000
ordinary shares of 0.025p was received on 29 June 2007, and that a Notice of
Exercise of Warrants for 200,000 ordinary shares of 0.025p was received on 30
June 2007 and has accordingly issued 400,000 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.


Contact:        Michael Burchell, Chairman on 01372 361772

                Roland Cornish, Beaumont Cornish Limited on 020 7628 3396.



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