Board Changes

Gulf Keystone Petroleum Ld 24 January 2008 GULF KEYSTONE PETROLEUM LIMITED ("Gulf Keystone" or "the Company") Board Changes Gulf Keystone Petroleum (AIM: GKP), an independent oil & gas exploration company operating in Algeria and the Kurdish Region of Iraq, today announces the appointment of Mr. Kristian 'Ewen' Ainsworth as Finance Director of the Company with immediate effect. Mr. Ainsworth replaces Mr. Jon Cooper who stepped down as Finance Director and as a Board member following the expiry of his notice period also on 23 January 2008. Mr. Ainsworth (age 45) has over 20 years experience of finance roles within the oil & gas industry. Prior to joining Gulf Keystone, Mr. Ainsworth was Finance Director of London AIM listed Europa Oil & Gas (Holdings) plc. Mr. Ainsworth has held increasingly senior finance positions within a number of oil & gas companies including Conoco (U.K.) Ltd (London), Murco Petroleum Ltd (London), Texaco Ltd (London and Aberdeen) and CIECO Exploration & Production (UK) Ltd where he was responsible for all aspects of North Sea accounting and providing financial support for the Algeria and Azerbaijan operations. He joined Europa Oil & Gas (Holdings) plc in September 2004 where Mr. Ainsworth provided support to the business across a wide brief, including, preparation and submission of a successful licence application in Egypt, business development, compliance, legal and HR issues. A qualified accountant, Mr. Ainsworth gained ACMA accreditation in 1993. He has strong technical skills in managing public company finances and regulatory obligations as well as international transaction and funding experience. Mr. Todd Kozel, Executive Chairman, Gulf Keystone, commented, "I am delighted that Ewen Ainsworth is joining Gulf Keystone. Ewen brings a broad range of finance expertise gained from over 20 years of experience in the oil & gas industry. He will be a key addition to the Gulf Keystone Board and management team." Save for the declerations below there are no updated disclosures to be made in respect of the appointment of Mr. Ainsworth under rule 17 and under Schedule 2 paragraph (g) of the AIM rules. Current Directorships Company Date of Appointment Discovery Energy Limited December 2002 Past Directorships (last five years) Company Date of Resignation Europa Oil & Gas (Holdings) plc January 2008 Europa Oil & Gas SRL January 2008 Enquiries Gulf Keystone Petroleum: +44 (0) 20 7514 1400 Todd Kozel, Executive Chairman Hoare Govett Limited: +44 (0) 20 7678 8000 Andrew Foster Tristone: +44 (0) 207 399 2470 Simon Ashby-Rudd Citigate Dewe Rogerson: +44 (0) 20 7638 9571 Media: Martin Jackson Analysts: Kate Delahunty or visit: www.gulfkeystone.com This information is provided by RNS The company news service from the London Stock Exchange