The Board of Golden Gate Petroleum Ltd. announced that effective November 1, 2009 Mr. Frank Brophy is joining the Board of the company. Mr. Brophy commenced his career as a petroleum geologist with Australian Aquitaine Petroleum, a subsidiary of S.N.P. A which was later to merge with Elf to become Elf Aquitaine. His work in exploration, development and production over the last 45 years has been carried out in countries as diverse as the U.K., U.S.A., France, Indonesia, Malaysia, Iran, North Vietnam and Sicily. It has included direct involvement with several oil and gas-condensate discoveries in the North Sea and the giant gas accumulations in the Zagros Mountains of Southern Iran.

Golden Gate Petroleum Ltd., Annual General Meeting, Nov 30, 2009, at 13:30 EAST-East Australian Standard GST. Location: 566 Elizabeth Street, Melbourne, Victoria 3000, Victoria,Australia. Agenda: To receive and consider the financial report of the company for the year ended June 30, 2009, and the reports by the directors and independent auditors; to approve the reelection of Frank Petruzzelli as a Director; to adopt the remuneration report; and to ratify and approve the issue of shares and options.

Golden Gate Petroleum Ltd. reported consolidated and parent earnings results for the full year ended June 30, 2009. For the year, on consolidated basis, the company reported loss from continuing operations before income tax of AUD 7,468,915, net loss from continuing operations of AUD 6,662,077, or 2.56 cents per diluted share, net loss of AUD 7,328,493, or 2.81 cents per diluted share on revenue from sales of AUD 8,270,213 compared to loss from continuing operations before income tax of AUD 23,962,999, net loss from continuing operations of AUD 23,962,999, or 10.81 cents per diluted share, net loss of AUD 23,962,999, or 10.81 cents per diluted share on revenue from sales of AUD 12,505,972 for the same period last year. The company reported net cash flows from operating activities of AUD 5,857,509, payments for exploration and evaluation expenditure of AUD 11,945,872 compared to net cash flows from operating activities of AUD 6,721,505, payments for exploration and evaluation expenditure of AUD 22,689,381 for the same period last year. For the year, on parent basis, the company reported loss from continuing operations before income tax of AUD 9,574,189, net loss from continuing operations of AUD 8,767,353, net loss of AUD 8,767,353 compared to loss from continuing operations before income tax of AUD 25,902,124, net loss from continuing operations of AUD 25,902,124, net loss of AUD 25,902,124 for the same period last year. The company reported net cash flows used in operating activities of AUD 1,161,286 compared to net cash flows from operating activities of AUD 1,170,117 for the same period last year.