Issue of Shares - Correction

Gold Oil PLC
05 September 2006


The following replaces the announcement 'Issue of Shares' made on 30 August 2006
at 17.13 with RNS Number 2684I. The number of Warrants exercised should have
read 4,043,909 rather than 4,043,000. All other text remains the same.



FOR IMMEDIATE RELEASE                                             30 August 2006


                   GOLD OIL PLC ('Gold Oil' or the 'Company')
                                Issue of Shares


The Company were advised on 18 August 2006 that a Notice of Exercise of Warrants
for 4,043,909 ordinary shares of 0.025p had been received and accordingly issued
the appropriate number of ordinary shares.

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


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