6 June 2008

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board of Global Petroleum Limited ("the Company") is pleased to announce that Mr Shane Cranswick has been appointed as non-executive Director of the Company with immediate effect. 

Mr Cranswick, aged 29, is a member of the Institute of Chartered Accountants, the Institute of Chartered Secretaries and the Financial Services Institute of Australasia. He commenced his career with an international Chartered Accounting firm and has since worked in the role of Company Secretary and Chief Financial Officer for a number of listed companies that operate in the resources sector. 

Mr Cranswick's current directorships comprise:  

Black Swan Capital Pty Ltd

Black Swan Superannuation Pty Ltd

Dampier Oil Limited 

Echelon (Iron Ore) Pty Ltd

Echelon Holdings Pty Ltd

Garden Salad Pty Ltd

Latitude Energy Pty Ltd

Sherbert Investments Pty Ltd

Mr Cranswick's directorships in the last five years comprise:

Montage Petroleum Pty Ltd

Ashmore Oil Pty Ltd

Eclipse Mining Pty Ltd

Mantra Resources Limited

PEL Iron Ore Pty Ltd

STI Services Pty Ltd

Stirling Products Limited

West Oil (Carnarvon) Pty Ltd

ZOCA Pty Ltd

Mr Cranswick will continue in the role of Company Secretary for the Company.

Save for the above, there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

Mr Cranswick has notified the Company that he has an interest in 110,000 ordinary shares in the Company. His interest is held through Black Swan Superannuation Pty Ltd as trustee for Black Swan Superannuation Fund of which Mr Cranswick is a director and beneficiary.

Enquiries:

• News Channel