Mr. Darrell McKenna reports

ORACLE ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND ORGANIZATIONAL CHANGES

Oracle Energy Corp. has released results of the annual general meeting held June 12, 2018. All matters presented to the company's shareholders were overwhelmingly approved including the reappointment of Darrell McKenna, Art Green, Nasim Tyab, James Ladner and Peter Francis to the board of directors.

In accordance with Oracle's shift away from Africa and its new focus on the Texas Eagle Ford play, as described in the June 19 press release, Oracle has made changes to its organization.

Howard Jeter and Cyril Odu were not renominated to the board. Mr. Francis has resigned, effective June 15, from the board and from his role as chief executive officer. Martin Yeo and Des Norris, who were serving as planning manager and geoscience manager respectively, have left the company. Oracle is grateful to Mr. Jeter, Mr. Odu, Mr. Francis, Mr. Yeo and Mr. Norris for their contributions.

The board now consists of four members: Mr. McKenna, chairman; Mr. Tyab; Mr. Green; and Mr. Ladner. Oracle expects that there will be additional appointments to the board as the Eagle Ford project develops.

Mr. McKenna, in addition to his role as chairman, will assume the role of chief executive officer. Mr. Green is producing manager. Mr. Tyab is capital markets strategist. Mark Forster will continue in his role as interim chief financial officer. Additional senior appointments will be made as the deals announced in the June 19 release close.

About Oracle Energy Corp.

Oracle Energy is an international oil and gas exploration and development company.

We seek Safe Harbor.