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Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.

Yes ______ No ___X___

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GOL Announces the Payment of 1Q08 Dividends

São Paulo, April 28, 2008 – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), the parent company of Brazilian airlines GOL Transportes Aéreos S.A. and VRG Linhas Aéreas S.A., announces to shareholders that its Board of Directors, at a meeting held on April 25, 2008, approved the payment of intercalary dividends, referring to the first quarter of the fiscal year of 2008.

I – Amount of Dividends (1Q08)

The total amount dividends is R$ 36,414,106.38 corresponding to R$ 0.18 per common and preferred shares of the Company.

II – Record Date

All outstanding shares on April 30, 2008, inclusive, will be entitled to receive the dividends approved “record date”.

III – Ex- Dividends Date

The Company’s shares will be traded on São Paulo Stock Exchange (BOVESPA) and New York Stock Exchange (NYSE), “ex” dividends as of, and including, May 2, 2008.

IV – Imputation on Mandatory Dividends

The intercalary dividends approved will be imputed to mandatory dividends related to fiscal year 2008, with no remuneration whatsoever. The payment of dividends is resolved according to the quarterly intercalary dividends policy approved by the Board of Directors in the meeting held on January 28, 2008, in the fixed amount of R$ 0.18 (eighteen cents of reais), per share, per common and preferred shares of the Company during 2008. Regardless of the referred fixed amount, it is assured the payment of the minimum dividend of 25% of the corporate year’s net profit, and if necessary, the Company will make the year-end adjustment.

V - Payment of Dividends

The dividends will be paid to shareholders, with no remuneration, on June 20, 2008.

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CONTACT:	About GOL Linhas Aéreas Inteligentes S.A. GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4) is the parent company of Brazilian airlines GOL Transportes Aéreos S.A. and VRG Linhas Aéreas S.A. GTA offers over 640 daily flights to 57 destinations connecting the most important cities in Brazil as well as the main destinations in South America. VRG offers over 120 daily flights to 14 destinations in Brazil. GTA and VRG operate a young, modern fleet of Boeing aircraft, the safest and most comfortable aircraft of its class, with low maintenance, fuel and training costs, and high aircraft utilization and efficiency ratios. The Company’s service is recognized as the best value proposition in the market.
IR
Ph.: (5511) 3169-6800
ri@golnaweb.com.br
www.voegol.com.br/ir
Media
Ph.: (5511) 3169-6967
comcorp@golnaweb.com.br
Edelman:
G. Juncadella e M. Smith
Ph: 1 (212) 704-4448 / 704-8196
gabriela.juncadella@edelman.com
meaghan.smith@edelman.com
	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. . Such forward-looking statements depend, substantially, on external factors, besides those disclosed in GOL’s filed disclosure documents and are, therefore, subject to change without prior notice.

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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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