Gold Oil Taps SCAN for Seismic Acquisition Offshore Peru

Gold Oil has signed a Letter of Intent (LOI) with SCAN Geophysical (SCAN) for its multi-purpose 3D/2D vessel M/V SCAN STIGANDI to
acquire 2,000 km of 2D data over block Z-34 offshore northern Peru. Mobilization to Z34 is set for late April 2009.

Gold Oil Chairman, Mark Pritchard commented, "We are delighted to be working with SCAN to acquire data on our offshore block Z34 in
Northern Peru and look forward to completing the first phase of our license obligations."