Holding(s) in Company

27 June 2012

Gold Oil PLC

("Gold Oil" or "the Company" or "the Group")

Holdings in company

Gold Oil, (AIM: GOO), an oil and natural gas exploration and exploitation company focused on South America, announces that it was informed today that, as at 26 June 2012, Mrs. J Parvizi had a notifiable interest in 143,833,117 ordinary shares in the capital of the Company representing approximately 16.1% of the issued share capital.

For further information, please contact:

Gold Oil PLC

John Bell - Chairman Tel (c/o Buchanan): +44 (0) 20 7466 5000  

Seymour Pierce Ltd (Nominated Adviser & Joint Broker)

Jonathan Wright/Stewart Dickson Tel: +44 (0) 207 107 8000

(Corporate Finance)

Richard Redmayne

(Corporate Broking)

FirstEnergy Capital LLP (Joint Broker):

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

Buchanan (Financial PR) Tel: + 44 (0) 20 7466 5000  Tim Thompson/Helen Chan/Ben Romney

Notes to Editors

Gold Oil is an independent oil and natural gas exploration and exploitation company focused on Southern America. Shares in Gold are quoted on the AIM market of the London Stock Exchange (AIM:GOO).

The Company is seeking to maintain a balanced portfolio of high-risk high reward and low risk cash flow projects by establishing significant licence positions concentrated in a few geographic areas. The Company currently has significant acreage and is recognised as an operator for both onshore and offshore Peru, and is an operator with exploration and production licences onshore Colombia.