Baron Oil Regulatory News (BOIL)

This announcement replaces RNS 4670I released at 11.26am on 25 July. The only change is to include the date of the general meeting. The full text of the revised announcement is set out below.

25 July 2012

GOLD OIL PLC

("Gold Oil" or the "Company")

Notice of General Meeting

As announced on 29 June 2012, following the conclusion of the AGM of the Company held on that date, Julian Garcia was left as the sole director of the Company. This situation was not considered appropriate for the needs of a company admitted to trading on a UK public market and therefore, at the request of the Company, trading in the ordinary shares in the capital of the Company was suspended on the AIM Market of the London Stock Exchange.

Prior to the AGM held on 29 June 2012, the Company had received a request from certain shareholders that the Company convene a general meeting at which resolutions be put for the appointment of Rudolph Berends and Camilo Merendoni to the Board.

The Company is today posting a notice to shareholders convening a general meeting of the Company for 9am on 10 August 2012 at which these resolutions will be put.

Brief details of Mr Berends and Mr Merendoni are as follows:

Rudolph Berends, aged 66, has 39 years experience in the oil and gas industry. He started with Shell as an explorationist and has more than 20 years experience in Latin America where he has been the CEO/President of various public and private companies. Rudolph has a Doctoral degree in

Geology/Geophysics and a BSc in Economics from universities in the Netherlands and the United States.

Camilo Merendoni, aged 79, has 49 years of diversified experience in the Oil and Gas industry. He started as a Petroleum Engineer with Texas Petroleum Company in Colombia and has worked mainly in Latin America, the Middle East and Cental Asia. His career included stints with Ecopetrol, Petrobras, Hocol, Shell and Bridas Energy. He has degrees in Petroleum Engineering from Pittsburgh University and Advanced Management from Universidad de los Andes.

As reported at the AGM, Seymour Pierce, the Company's Nominated Adviser, has not to date had a proper opportunity to assess the suitability of Mr Berends and Mr Merendoni as directors of an AIM company. Accordingly, even if they are appointed at the general meeting, this may not be sufficient to result in the suspension of trading in the ordinary shares of the capital of the Company being lifted since it is the responsibility of the Company's Nominated Adviser to confirm to the London Stock Exchange the suitability of each director and the efficacy of the board as a whole for the Company's needs as a company admitted to trading on a UK public market.

For further information on the Company, visit www.goldoilplc.com or contact:

Gold Oil Plc

Julian Garcia - Director Tel: +572 (603) 35 14

Seymour Pierce Ltd (Nominated Adviser & Joint Broker)

Jonathan Wright 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