Holding(s) in Company

Gold Oil PLC
17 January 2006


FOR IMMEDIATE RELEASE                                         17 January 2006

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

The Company was informed on 14 January 2006, that following a disposal of
Ordinary shares, Cantor Fitzgerald Europe no longer has a notifiable interest
in the Company's issued share capital.

Enquiries:

Michael Burchell, Chairman                     Tel: [phone]

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




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