Issue of Shares

Gold Oil PLC
30 August 2006


FOR IMMEDIATE RELEASE                                             30 August 2006



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



The Company were advised on 18 August 2006 that a Notice of Exercise of Warrants
for 4,043,000 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.


Contact: Michael Burchell, Chairman on 01372 361772



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