Notice of General Meeting - Correction

24 October 2012

GOLD OIL plc

("Gold Oil" or "the Company")

Notice of General Meeting - Correction

The announcement released today (24 October 2012) at 7am (RNS Number : 3706P) was released without the date of General Meeting being stated. The Company confirms that the date of the General Meeting is 12 November 2012. All other information within the announcement remains unchanged. The full corrected text appears below.

Gold Oil, the AIM-listed oil and gas exploration and production company primarily focused on opportunities in Latin America announces that today it has issued a circular to shareholders convening a General Meeting of the Company to be held at 3.00 p.m on 12 November 2012 at the offices of Seymour Pierce Limited, 20 Old Bailey, London EC4M 7EN.

The resolutions seek shareholder approval for the authority to allot new shares, to dis-apply preemption rights and to change the name of the Company.

Subject to the approval by shareholders of the change of name, the Company's shares will trade on AIM under the new name of Blitzen Energy Plc with effect from 8.00 a.m on 14 November 2012 and the Company's TIDM will change from "GOO" to "BLTZ". In order to reflect the change to the new name, the Company intends to change its website address to www.blitzenergy.com.

A copy of the circular sent to shareholders is available from the Company's website: www.goldoilplc.com 

For further information:

Gold Oil Plc

Rudolph Berends (Chairman & 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 Finance)

FirstEnergy Capital LLP (Joint Broker):

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