Shareholding

Gold Oil PLC
23 June 2005





FOR IMMEDIATE RELEASE                                              23 June 2005

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

The Company were informed on 17 June 2005 that on 16 June 2005 Cantor Fitzgerald
Europe has an interest in and is the registered holder of 20,161 666 ordinary
shares of 0.025p each, representing a total holding of 5.17% of the Company's
issued share capital.

ENDS

Enquires:

Michael Burchell, Chairman                     Tel: [phone]

Roland Cornish, Nominated Adviser              Tel: [phone]
Beaumont Cornish Limited





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