Holding(s) in Company

For immediate release 11 March 2010

Chariot Oil & Gas Limited

("the Company")

Holding in Company

The Company was notified today by Photon Global Limited that as of 10th March 2010, it now holds 8,340,439 ordinary shares in the Company. This holding represents approximately 5.91% of the Company's issued ordinary share capital.

- 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