Colombia update

14 February 2013

GOLD OIL plc

("Gold Oil" or "the Company")

Nancy Burdine Field Update

Gold Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce that it has increased its interest in the field to 100% interest.

Gold Oil will now focus on optimising production from the field, establishing proper accounting procedures and on the extension of the field.

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):

David Porter / 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