GOL Announces Claudia Pagnano as the Vice-President of Marketing / New Vice-President completes the Company's Executive Officers board

SAO PAULO, March 15 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), the largest low-cost and low-fare airline in Latin America, announces the election of Claudia Pagnano as the Company's new Vice-President of Marketing. The election took place at a Board of Directors meeting held on March 11, 2010.

The executive Claudia Pagnano has a bachelor's degree in Marketing from Escola Superior de Propaganda e Marketing and specialization in Finance from Fundacao Getulio Vargas.

With 20 years of professional experience, the executive held positions in large consumer, financial services and retail companies, such as Colgate/Palmolive, Kodak, Unibanco, BankBoston, Pao de Acucar Group and Brazil Foods.

Founded in November 2009, the Vice-Presidency of Marketing includes the following departments: Commercial Director, Marketing Director, Department of Communication, Cargo Director, and Yield & Alliances Director. Since its creation, the Vice-Presidency was led by Constantino de Oliveira Junior, the Company's President.

For Constantino de Oliveira Junior, the arrival of Claudia Pagnano strengthens the company to face the challenges arising in the coming years. "Claudia's professional background is extremely important for a moment marked by the constant search for growth. I'm sure that the market view of the new Vice-President will bring benefits to the Company," said de Oliveira.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), the largest low-cost and low-fare airline in Latin America, offers more than 860 daily flights to 50 destinations that connect all the important cities in Brazil and ten major destinations in South America and Caribbean. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable of its class, with high aircraft utilization and efficiency levels. Fully committed to seeking innovative solutions through the use of cutting-edge technology, the Company -- via its GOL, VARIG, GOLLOG, SMILES and VOE FACIL brands -- offers its clients easy payment facilities, a wide range of complementary services and the best cost-benefit ratio in the market.

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOL's management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOL's filed disclosure documents and are, therefore, subject to change without prior notice.

Contact Investor Relations Leonardo Pereira - CFO and IR Director Rodrigo Alves - Head of IR Raquel Kim - Investor Relations Mario Liao - Investor Relations Phone.: [phone] E-mail: [e-mail] Website: http://www.voegol.com.br/ir Twitter: http://www.twitter.com/GOLinvest Corporate Communications Phone.: [phone] E-mail: [e-mail] Twitter: http://www.twitter.com/GOLcomunicacao Media Relations Edelman (USA and Europe): M. Smith and N. Dean Phone.: [phone] E-mail: [e-mail] or [e-mail]

GOL Linhas Aereas Inteligentes S.A.

CONTACT: Investor Relations, Leonardo Pereira - CFO and IR Director,
Rodrigo Alves - Head of IR, Raquel Kim - Investor Relations, Mario Liao -
Investor Relations, +011-55-11-2128-4700, [e-mail]; Corporate
Communications, +011-55-11-2128-4413, [e-mail] all of GOL; or
Media Relations, (USA and Europe): M. Smith, [phone],
[e-mail], or N. Dean, [phone],
[e-mail], both of Edelman, for GOL