Re Placing

2nd February 2009 Gold Oil Plc (AIM: GOO) ("Gold Oil" or the "Company") The Company announces that in the light of the recent fall in the Company's share price, following the suspension of testing announced last Thursday, it has been in discussions with the brokers to the recently announced placing regarding the settlement of the proceeds of the placing due to be paid to the Company today. A further announcement will be made when the position is clearer. . For further information on the Company, visit: www.goldoilplc.com or contact: Michael Burchell Chairman Tel: 01372 361 772 Roland Cornish Beaumont Cornish Limited Tel: 020 7628 3396 Daniel Fox Davies Fox Davies Capital Tel 020 7936 5230] 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 Colombia and Peru. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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