Operational Update on Rosa Blanca 1 & Direc...

12th March 2009 Gold Oil plc Operational Update on Rosa Blanca 1 Directorate Changes Gold Oil plc ("Gold Oil" or the "Company") announces that a workover hoist has arrived on location at the RosaBlanca site and is currently rigging up. Testing will recommence in the next 24 hours. The Company is also pleased to announce that Mark Pritchard, currently a Non-executive Director, becomes Executive Chairman of the Company with immediate effect. Mike Burchell, the current Chairman, remains on the board as a Non-executive Director. For further information on the Company, visit www.goldoilplc.com or contact: Gold Oil Mark Pritchard, Chairman Tel: 07802 827 846 Seymour Pierce Jonathan Wright / Richard Redmayne Tel: 020 7107 8000 Notes to Editors Gold Oil is an AIM-listed oil and gas exploration and production company primarily focused on opportunities in Latin America. It has oil production in Colombia and significant exploration acreage and licences both onshore and offshore in Peru and onshore Colombia. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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