Mr. Carlos Escribano reports

ORACLE MINING FILES THIRD QUARTER FINANCIAL RESULTS

Oracle Mining Corp. has released its financial results for the quarter ended Sept. 30, 2015. This news release should be read in conjunction with the unaudited condensed consolidated financial statements and notes thereto for the three and nine months ended Sept. 30, 2015, and 2014, and the related management's discussion and analysis, both available on SEDAR.

Third quarter 2015 financial summary:

• Net loss for the quarter was $1.5-million compared with a net loss of $1.3-million for the three months ended Sept. 30, 2014, which included an increase of $400,000 in in foreign exchange loss, offset by a decrease in general and administrative costs of $200,000.
• Net working capital as at Sept. 30, 2015, was a deficiency of $8.7-million compared with a deficiency of $4.8-million on Dec. 31, 2014.
• Cash and cash equivalents at Sept. 30, 2015, totalled $400,000 compared with $3.2-million on Dec. 31, 2014.

All financial information for the quarter ended Sept. 30, 2015, is prepared in accordance with international financial reporting standards and reported in U.S. dollars unless otherwise noted, including this news release. Please refer to Note 2 of the audited consolidated financial statements for the years ended Dec. 31, 2014, and 2013, for more information.