Change of Adviser

26 February 2013

GOLD OIL plc

("Gold Oil" or "the Company")

Change of Adviser

Gold Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce that Cantor Fitzgerald Europe has been appointed as the Company's Nominated Adviser & Joint Broker with immediate effect.

This follows the acquisition of certain assets and businesses of Seymour Pierce Limited by Cantor Fitzgerald Europe. For further information see the AIM Notice dated 8 February 2013.

For further information:

Gold Oil Plc

Rudolph Berends (Chairman & CEO) Tel: +44 (0) 203 427 5089

Seymour Pierce Ltd (in administration)

(Nomad and Joint Broker):

Stewart Dickson / David Foreman (Corporate Finance) Tel: +44 (0) 20 7107 8000

Richard Redmayne / David Banks (Corporate Broking)

FirstEnergy Capital LLP (Joint Broker):

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