Statement re Suspension

For immediate release

11 October 2007

               Gold Oil plc ("Gold", or "The Company")

                        Suspension of Shares


Gold announces that the trading in the Company's shares has been
suspended pending the announcement of a transaction.

For further information, please contact:

Enquiries:
Gary Moore     CEO  Tel: [phone]
Email: [e-mail]

Mike Burchell   Chairman Tel. [phone]
Email: [e-mail]

Roland Cornish Beaumont Cornish Limited Tel: [phone].

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