Substantial Shareholding

FOR IMMEDIATE RELEASE 14 January 2008 GOLD OIL PLC ("Gold Oil" or the "Company") Substantial Shareholding The Company was informed on 12 January 2008 that following a purchase on 10 January 2008 of 10,600,000 ordinary shares in Gold Oil, Mr I Parvizi has an interest in 75,400,000 ordinary shares of the Company's shares, representing 15.75% of the Company's issued share capital. ENDS Contact: Michael Burchell, Chairman on 01372 361772 Roland Cornish, Beaumont Cornish Limited on 020 7628 3396 ---END OF MESSAGE---