Mr. Loren Currie reports

ORACLE ANNOUNCES PRIVATE PLACEMENT FINANCING

Oracle Energy Corp. has arranged a non-brokered five-cent-per-unit private placement financing for aggregate gross proceeds of up to $300,000.

Each unit is composed of one common share of the company and one common share purchase warrant, each full warrant being exercisable at 10 cents for 12 months from the date of issue.

On receipt of exchange approval, the company will issue up to six million common shares and six million common share purchase warrants.

In connection with the financing, the company may pay finders' fees in cash and warrants in accordance with exchange policies.

Proceeds of the financing will be used for general working capital purposes.

All securities issued pursuant to the financing are subject to a four-month hold period.

About Oracle Energy Corp.

Oracle Energy is classified as an oil and gas development company on the TSX Venture Exchange.

We seek Safe Harbor.