Significant Shareholding

Gold Oil PLC
14 August 2006

FOR IMMEDIATE RELEASE                                            14 August 2006



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

The Company was informed on 14 August 2006 that as at the close of business on
11 August 2006, Man Financial Limited is the beneficial holder of 15,784,182
Ordinary Shares of 0.025p each ('Ordinary Shares'), representing a total
percentage holding of 4.02% of the Company's issued share capital.


ENDS

Enquiries:

Michael Burchell, Chairman                     Tel: [phone]

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




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