Oracle Mining Corp. (fka OMCCF)

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Oracle Mining Appoints Doug Nicholson as Chief Executive Officer

Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX:OMN)(OTCQX:OMCCF)(PINKSHEETS:OMCCF)(FRANKFURT:OMC) is pleased to announce that Doug Nicholson has been appointed Chief Executive Officer by the Board of Directors, effective today.

Mr. Nicholson joined Oracle Mining in February as Chief Operating Officer and has undertaken a rigorous review of the Corporation's operations for the past month. He will continue to lead the Oracle Mining operations team in the re-start of the Oracle Ridge Copper Mine near Tucson, Arizona. He has extensive experience in the construction and management of mining operations in North America and will also lead all aspects of the Corporation's strategic planning and business development.

"It is an honour to take the leadership role with Oracle Mining as we develop a near-term copper project in a desirable jurisdiction," said Mr. Nicholson. "Oracle Mining is executing on a plan to production that will deliver value to shareholders and to the economy of the Tucson area."

Mr. Eagland, who has served as interim CEO since June 2011, has resigned as CEO effective today and will continue to serve the Board as a Director.

"The planned CEO transition began last year and the introduction of someone of Doug's accomplishments comes at the right time for Oracle Mining," said Mr. Eagland. "Doug has immediately proven himself an operations and corporate leader and we are confident he will bridge the transition into production."

Prior to joining Oracle Mining, Mr. Nicholson worked with NovaGold Resources Inc. and served as President of Donlin Gold LLC, a 50/50 joint venture between NovaGold and Barrick Gold Corp., assuming that role during nine years of service between 2002 and 2011. At Kinross Gold from 1992 to 2002, he was responsible for scoping, scheduling, developing mine plans and staffing for the Fort Knox Mine. He holds a BSc. in Mining Engineering from the University of Alaska, Fairbanks.

In addition, the Corporation is pleased to announce that Nafissa Upright has joined the Corporation as Vice President Development and Human Resources. Ms. Upright is a Certified General Accountant with experience in head office and project site offices at mining operations in the U.S. and Canada. Most recently with NovaGold Resources Inc. Ms. Upright served as Manager of Finance and Administration at Donlin Gold LLC. While at Donlin Gold, Ms. Upright was part of the leadership team that established the strategic direction of the start-up company. She was responsible for overseeing the financial and administrative functions, all HR programs as well as co-ordinating the annual capital budget process, corporate life of mine planning and budgeting. She recruited, developed and championed a high-performance team of administrative, procurement, HR, accounting and IT personnel.