GOL Announces Commercial Agreement with the Regional Airline NOAR Linhas Aéreas

GOL includes Caruaru in its route network via the sale of

NOAR’s routes through its sales channels

São Paulo, September 10, 2010 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBovespa: GOLL4 e NYSE: GOL), (S&P/Fitch: BB-/BB-, Moody’s: Ba3), the largest low-fare and low-cost airline in Latin America, has entered into a commercial agreement with NOAR Linhas Aéreas, a Brazilian regional carrier, to sell the latter’s tickets in all its sales channels.

Currently, NOAR operates flights from Monday through Friday between Recife and Caruaru; Recife and Aracaju, with a stop in Maceió; Recife and Natal, with a stop in João Pessoa; and flights to Aracaju with a stop in Maceió during the weekends. In addition to including Caruaru in its route network, GOL will now be offering new direct flights between destinations in the Northeast. GOL passengers connecting up with NOAR flights will only need to check-in once and their luggage will go directly to the final destination.

Based in Recife, NOAR Linhas Aéreas began operations on June 14, 2010, with the aim of providing flights between the state capitals of the Northeast and the large urban centers in the interior of the region. The company operates two LET-410s, twin-engine turboprop aircraft carrying up to 19 passengers, with substantially lower short-haul operating costs than other aircraft in their category.

“This is a strategic agreement for GOL, since it expands the regional penetration of its route network”, explained Cláudia Pagnano, the Company’s Market Vice-President. “To begin with, we are offering our customers flights to Caruaru, the most populous city in the interior of Pernambuco state”.

The routes included will be available in all of GOL’s sales channels, and tickets can be purchased up to two days prior to the flight date. The agreement does not include the accumulation of SMILES mileage on NOAR flights.

About GOL Linhas Aéreas Inteligentes S.A.   GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), (S&P/Fitch: BB-/BB-, Moody`s: Ba3), the largest low-cost and low-fare airline in Latin America, offers more than 900 daily flights to 52 destinations that connect all the important cities in Brazil and 13 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 VoeFácil 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.

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