28 January 2013

 

 GOLD OIL plc

("Gold Oil" or "the Company")

 Directors Dealing

Further to the announcement of 24 January 2013, the non-executive directors of Gold Oil yesterday approved the grant to Rudolph Berends, a director of the Company, of options to subscribe for 22,000,000 new ordinary shares of 0.025 pence each in the Company ("Ordinary Shares"), with an exercise price of 0.75 pence per Ordinary Share.  These options are exercisable for a period of three years from the date of grant.

Rudolph Berends has an interest in 36,333,335 Ordinary Shares which were subscribed for in the placing announced on 24 January 2013.

For further information:

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

Seymour Pierce Ltd (Nomad and Joint Broker):
David Porter / Rick Thompson (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

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