Result of AGM

GOLD OIL PLC

("Gold Oil" or the "Company")

Result of AGM

Gold Oil, the AIM-listed oil and gas exploration and production company with a primary focus on opportunities in Latin America, held its Annual General Meeting today and Resolutions 1,2,3 and 4 were duly passed.

The Board of Directors decided to withdraw Resolutions 5,6 and 7, relating to the authority to allot shares , the authority to allot equity securities in the Company and to change the Company name. The Board received feedback from shareholders that the logic and rationale for these Resolutions had not been properly explained. Following further consultation with significant shareholders, it is the intention of the Board to re-present the amended Resolutions to a General Meeting at a date yet to be determined.

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 / Jeremy Stephenson (Corporate Broking)

FirstEnergy Capital LLP (Joint Broker):

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