Oracle commissioned SRK Consulting Mining Engineering with KD and implementation of feasibility study

Oracle commissioned SRK Consulting Mining Engineering with KD and implementation of feasibility study

Kevin Francis is vice president, Technical Services von Oracle Mining ernannt. Vancouver, British Columbia, 10. More 2012 – Oracle Mining Corp. ("Oracle Mining" or the "Company") (TSX: OMN, OTCQX: OMCCF, FRANKFURT: WTO) is pleased to announce, that the international mining consulting firm SRK Consulting („SRK“) und KD Engineering („KD“) aus Tucson (Arizona) with the preparation of a feasibility study and the corresponding technical planning for the Oracle Ridge copper mine project near Tucson (Arizona) were commissioned.

SRK will prepare the feasibility study, KD will perform the technical planning of the processing plant and infrastructure of the mining operation on feasibility level and also participate in the feasibility study.

In addition, Oracle is pleased to mining, the appointment of Kevin Francis, P. Geo, Vice President of Technical Services of the company to announce. He will work with SRK and KD and oversee the implementation of the feasibility study and technical design of the processing plant and the mill operation for the Oracle Ridge copper mine project.

"Kevin Francis is primarily responsible for the management and implementation of NI43-101 compliant feasibility study for the Oracle Ridge copper mine project draw, in the 2. Half of the year 2012 is to be completed,"Said Doug Nicholson, CEO von Oracle Mining. "In addition, Kevin will make a significant contribution by the management of technical issues as part of new project opportunities and their evaluation to increase shareholder value."

SRK is an independent, international consulting firm with more than 1.200 qualified employees in 44 Offices on six continents around the world. The company provides targeted advice and customized solutions, primarily for customers in natural gas- and water resources. In the context of mining projects, SRK offers support for the exploration, conducting feasibility studies, the mine planning, production and mine closure. The 1.500 Customers of SRC include most of the world's most famous- and medium enterprises of the metal- and industrial minerals industry, of these elements , Banks, Oil exploration companies, Construction companies and government departments. Mining Oracle will rely in preparing the feasibility study for the Oracle Ridge copper mine project in the experience of working in Colorado and Arizona, experts from SRK.

KD is a services company focused on process engineering, Planning, Procurement and construction management. In collaboration with its partner company, the company also METCON research quality analyzes and metallurgical testing. KD is designing and building processing plants, intended primarily for use in mining and mineral processing. In recent 25 Years has overseen numerous projects KD, from small mineral processing plants to highly technical processing plants with a daily capacity of 50.000 Tons
ranged.

Herr Francis hat 25 Years of experience with the integration of computer applications in geology, mining and other disciplines to optimize resource estimates and target-comparison /.

Vor seiner Tätigkeit bei Oracle Mining Corp war Kevin Vice President of Resources bei NovaGold Resources. In this capacity he was responsible for all aspects of the resource estimate, coordinated as part of the resource estimate required activities, oversaw the experts involved in mining projects, was involved in business development activities and in the preparation of internal audit. Previously, he served as Chief Geology in consulting and project management of AMEC Americas. He has extensive knowledge in the mining operation. Mr. Francis has a Bachelor- and master's degree in geology from the University of Colorado purchased. Kevin is a Qualified Person under NI 43 -101.

Über Oracle Mining Corp.

Oracle Mining Corp. (TSX: OMN, OTCQX: OMCCF, FRANKFURT: WTO) ist ein in Vancouver (Canada) based company, the sole owner and operator of Oracle Ridge Mining LLC and associated copper mine 24 Miles north of Tucson (Arizona) is. Oracle mining has little long-term liabilities and is an experienced team of mining experts, The extensive operation- and financial experience to properly, directed. The company's goal is, promising projects, whose value has not been implemented, locate and to achieve superior returns for its shareholders.

Disclaimer Regarding Forward-looking statements

This document may contain "forward-looking statements" within the meaning of Canadian securities laws. These forward-looking statements are made as of the date of publication of this document is valid and Oracle Corp. Mining. (here as the "Company") has no intention and undertakes no obligation, to update these forward-looking statements. Forward-looking statements relate to events or performance in the future and reflect the expectations or opinions contrary to the management of future events. These include, among other things, statements regarding the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the receipt of the development and operation of the project required permits, the timing and amount of estimated future production, the production- and investment costs, the project financing, successful mining operation, commodity prices, Environmental risks, unexpected remediation expenses, Disputes relating to property- or. Liability claims and the limited coverage. In certain cases, forward-looking statements by using words such as "plans", "Expected", "Not expected", "Expected", "Budgeted", "Estimates", "Forecasts", "Intends", "No intention" or "believes" to recognize or. to variations of such words and phrases or statements, that certain actions, Events or results "may", "Might" or "will" or. their negative form or other comparable terminology,. Forward-looking statements are typically subject to known and unknown risks, Uncertainties and other factors, which may cause, the actual results, Performance or achievements to differ materially from any future results, Performance or achievements expressed, The forward-looking statements in the identified directly or indirectly. Such factors include, among others, the actual results of current exploration activities; Changes in project parameters as the current planning;
future prices of resources; possible variations in ore reserves, the grade or recovery rates; Accidents, labor disputes and other risks of the mining industry; Delays in obtaining governmental approvals or financing or. at the completion of development- or works; as well as those factors, from time to time in the Company's Annual Report for the year ended 31. December 2011 be described and published in fiscal year ending on SEDAR at www.sedar.com. The company has sought to, identify important factors, which may cause, that actual events or results to differ materially from those, The forward-looking statements contained in the. It can also lead to other factors, that the events or results not as expected, estimated or intended. It can not be guaranteed, that turn out to be forward-looking statements as truthful. Actual results and future events could differ materially from such statements. Readers are therefore advised, that forward-looking statements are not reliable.

For more information, please contact:

Alex Langer, VP Capital Markets
Such: 604-689-9293
toll-free phone: +1-855-689-9282
or
Jason Mercier, VP Corporate Secretary
Such: 604-689-9261
E-Mail: info@oracleminingcorp.com
www.oracleminingcorp.com

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