Update on Azar, Onshore Columbia

FOR IMMEDIATE
RELEASE
24 July 2008

                            GOLD OIL plc
            ("Gold" or the "Company"; AIM Ticker: (GOO))

                  Update on Azar, Onshore Colombia

Further to an operational update announcement made on 8 July 2008,
Gold is pleased to announce that on the Azar Block, in which the
Company has an interest of 18.4% NRI, the operator has now completed
perforating and testing the N Sand zone in Palmera-1.

In 1996 the State Oil Company abandoned the well without testing the
N sand. Following re-entry operations in Palmera-1, the well was
tested and on natural flow the well flowed heavy oil, circa 15oAPI,
at an average rate of 45 barrels of oil per day ("bopd") over a
period of 32 hours.  The operator has completed the well as a
potential producer on the N Sand.

The Company also announces that the oil has been sent for laboratory
analysis, and the pressure data is being interpreted.  The rig has
moved off location.

The technical information contained in this announcement has been
reviewed and approved by Mike Burchell, B.Sc., member of the SPE and
with over 45 years experience in the oil and gas industry.

For further information:

Gold oil plc
Michael Burchell,
Director                                                        Tel:
[phone]

Beaumont Cornish Limited
Roland
Cornish
Tel: [phone]

Blue Oar Securities
Jerry
Keen
Tel: [phone]

Conduit PR
Jonathan Charles/Ed
Portman                                                   Tel: +44
(0) 20 7492 6611

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