Mr. Mitchell Adam reports

CORPORATE UPDATE

Oxford Resources Inc. has settled $30,357.60 in debt owed to a certain creditor of the company by the issuance of 607,152 common shares at a deemed price of five cents per share with a hold period expiring Nov. 25, 2014.

Additionally, the company has recently converted it's 20-per-cent working interest in the Ike property (formerly the Tasco property), which was recently optioned to Amarc Resources Ltd., to a 1-per-cent NSR (net smelter royalty) for the payment of $50,000.00 received on June 4, 2014.

The company intends to focus its efforts on a work program proposal from Apex on the company's 100-per-cent-owned Aley Creek niobium property.

About the Aley Creek niobium property

Oxford's Aley Creek property comprises eight mineral claims in two separate blocks (North and South) totalling over 3,360 hectares within the Omineca mining division, approximately 140 kilometres north of Mackenzie, B.C., Canada.

The Aley carbonatite, which hosts Taseko's Aley niobium deposit, is associated with a prominent regional airborne magnetic high anomaly within rocks of the Ordovician Kechika formation. Rock and soil samples collected by Apex during 2013 encountered anomalous niobium values in Kechika formation rocks on the Aley Creek North claim block, indicating the potential for rare-earth-element-bearing lamprophyre and carbonatite occurrences within the property.

Within the Aley Creek South claim block, 6.5 kilometres south of Taseko's Aley niobium deposit, a distinct two-by-two-kilometre magnetic anomaly occurs. Based on similarities between the Aley Creek South anomaly and the magnetic signature of the Aley niobium deposit, there is the potential for the existence of an undiscovered carbonatite intrusion within Oxford's claims. Currently, no carbonatite occurrences are known on the Aley Creek South claim block, and no known surface geological work or diamond drilling has occurred within the claims.

Apex is currently in the process of planning a follow-up program including, but not limited to, a detailed ground magnetic survey to better define the geometry of the airborne anomaly, as well as follow-up rock and soil sampling, and geological mapping to identify the presence of carbonatite dikes or fenitized host rock suggestive of a proximal carbonatite intrusion. Contingent on the results of the planned phase 1 exploration, diamond drill testing of the Aley Creek South magnetic anomaly may be warranted.