Operational Update

FOR IMMEDIATE RELEASE 7th January 2009 GOLD OIL plc ("Gold" or "the Company") Operational Update Rosa Blanca With its partners (Lewis Energy Colombia, Osage Exploration and Production Inc. and EMPESA SA) Gold has decided that the well has reached total depth and thus after electrical logging and side wall cores had been taken the 9 5/8" casing was run and cemented. Four different zones have been selected for perforation and production testing. Testing operations will start in the week commencing 12th January. Gary Moore, CEO of Gold said that "the geological and petrophyisical data from logging and side wall cores are very encouraging." 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. ENDS For further information, please contact: GOLD OIL plc Michael Burchell, Director Tel: +44 (0) 1372 361 772 Beaumont Cornish Limited Roland Cornish Tel: +44 (0) 20 7628 3396 Daniel Fox Davies Fox Davies Capital Tel: +44 (0)207 7936 5230 ---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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