Equity Issue, Share Price

Gold Oil PLC
25 August 2006

FOR IMMEDIATE RELEASE                                            25 August 2006


                   GOLD OIL PLC ('Gold Oil' or the 'Company')
                                Issue of Shares
                              Share Price Movement

The Company were advised on 16 August 2006 that a Notice of Exercise of Warrants
for 1,000,000 ordinary shares of 0.025p had been received and accordingly issued
the appropriate number of ordinary shares.

Application will be made to the London Stock Exchange for the new ordinary
shares, which will rank pari passu with all existing ordinary shares, to be
admitted to trading on AIM.

The Company have noted today's share price movement but is not aware of any
information relating to the Company which should be announced to the market
under the AIM Rules.

Contact: Michael Burchell, Chairman on 01372 361772



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