Holding(s) in Company

For immediate release 1 April 2010

Chariot Oil & Gas Limited

(the "Company")

Holding in Company

Chariot Oil & Gas today announces that Heindrich Ndume, an Executive Director of the Company, has sold 1,000,000 shares for personal reasons. These were sold in the market at an average price of 65.22p and he still holds 21,376,171 shares, 15.14% of the Company.

- Ends -

Contacts:

Artemis Secretaries Limited PO Box 100 Sydney Vane House Admiral Park St Peter Port Guernsey GY1 3EL

Ambrian Partners Limited (NOMAD) +44 (0)20 7634 4856

Richard Swindells