Holding(s) in Company

Gold Oil Plc

("Gold Oil" or the "Company")

Holding(s) in Company

The Company was informed on 16 September 2011 that Mr Iraj Parvizi holds 143,279,823 ordinary shares, representing approximately 16.1 per cent. of the issued share capital of the Company.

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 / David Banks (Corporate Broking)

FirstEnergy Capital LLP (Joint Broker):

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