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File: NRMAY22.docx

         
         Oracle Energy Corp.
         Suite 1500 - 1040 West Georgia Street
         Vancouver, BC
         Canada V6E 4H1



ORACLE UPDATES RECENT INITIATIVES

Vancouver May 22, 2018 - Oracle Energy Corp. ("Oracle" or the "Company") (TSX.V: OEC) (Frankfurt: O2E) announces that 
--->it has closed its previously announced shares for debt settlements (see news release dated May 2, 2018) and accordingl
--->y has settled $335,000 in debt to certain officers, directors and contractors of the Company by issuing 2,913,043 shar
--->es at a price of $0.1150 per share.
The Company also announces that it is in the process of conducting the non-brokered private placement of up to 13 mill
--->ion units (the "Units") at a price of eleven and a half cents per unit ($0.1150) for proceeds of up to $1.5 million wh
--->ich was announced May 2, 2018 (the "Financing").  The minimum number of Units to be issued will be 4,347,826 Units and
---> the maximum 13,043,478 Units resulting in a minimum of $500,000 gross proceeds and a maximum of $1,500,000 gross proc
--->eeds to be raised.  It is anticipated that a minimum of $10,000 and a maximum of $1,000,000 from the Financing will be
---> used for the Company's oil and gas project in Italy and a minimum of $100,000 and a maximum of $500,000 will be used 
--->as general working capital specifically allocated to review and evaluate opportunities in the Eagle Ford shale formati
--->on in South Texas.  The Company confirms that there is no material fact or material change about the Company that has 
--->not been generally disclosed. 

ON BEHALF OF THE BOARD OF DIRECTORS.

Peter Francis, CEO

About Oracle Energy Corp.
Oracle Energy Corp. (TSX.V: OEC) (Frankfurt: O2E) is an international oil and gas exploration and development company.
For more information on Oracle Energy visit www.OracleEnergy.com  
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements in t
--->his release are made pursuant to the 'safe harbour' provisions of the Private Securities Litigation Reform act of 1995
--->. Investors are cautioned that such forward-looking statements involve risks and uncertainties.