Director/PDMR Shareholding

26 May 2011

Gold Oil plc

Director's Dealings

Gold Oil plc ("Gold Oil" or the "Company") has been notified that John Charlton, a non-executive director, has today acquired 125,000 ordinary shares in the Company at a price of 3.58 pence per share. Following this acquisition, Mr Charlton holds 250,000 ordinary shares, representing approximately 0.03 per cent. of the issued share capital of the Company.

For further information on the Company, visit www.goldoilplc.com or contact:

Gold Oil Plc

Richard Mew - CEO Tel: +44 (0) 203 427 5089

Seymour Pierce Ltd (Nomad and Joint Broker):

Jonathan Wright / Stewart Dickson (Corporate Finance) Tel: +44 (0) 20 7107 8000

Richard Redmayne / David Banks (Corporate Broking)

FirstEnergy Capital LLP

(Joint Broker):

Hugh Sanderson / Travis Inlow Tel: + 44 (0) 20 7448 0200