Oracle Mining Corp. (fka OMCCF)

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Oracle Mining Engages SRK Consulting and KD Engineering to Deliver Feasibility Study
Kevin Francis Appointed Vice President, Technical Services for Oracle Mining

VANCOUVER, BRITISH COLUMBIA, May 10, 2012 (MARKETWIRE via COMTEX) -- Oracle Mining Corp. CA:OMN -0.88% (otcqx:OMCCF)(pinksheets:OMCCF) ("Oracle Mining" or the "Corporation") is pleased to announce hiring of international mining consultants SRK Consulting ("SRK") and KD Engineering ("KD") of Tucson, AZ to deliver a Feasibility Study and feasibility-level engineering design for the Oracle Ridge Copper Mine project near Tucson, AZ.

SRK will author the Feasibility Study and KD will complete the feasibility-level engineering of the processing facility and minesite infrastructure as well as contribute to the Feasibility Study.

In addition, Oracle Mining is pleased to announce the appointment of Mr. Kevin Francis, P. Geo, as the Corporation's Vice President of Technical Services to work with SRK and KD and lead the completion of the Feasibility Study and engineering and design of the processing facility and mill for the Oracle Ridge Copper Mine project.

"Kevin Francis's primary focus will be to oversee and deliver an NI 43-101-compliant Feasibility Study for the Oracle Ridge Copper Mine targeted for completion in the second half of 2012," said Mr. Doug Nicholson, CEO of Oracle Mining. "In addition, Kevin will add significant value to shareholders as he oversees technical functions relating to new opportunities and project evaluation."

SRK is an independent, international consulting practice that employs more than 1,200 professionals internationally in more than 44 offices on six continents and provides focused advice and solutions to clients, mainly from earth and water resource industries. For mining projects, SRK offers services from exploration through feasibility, mine planning, and production to mine closure. Among SRK's 1,500 clients are most of the world's major and medium-sized metal and industrial mineral mining houses, exploration companies, banks, petroleum exploration companies, construction firms and government departments. Oracle Mining will draw on the expertise of SRK professionals based in Colorado and Arizona for the Oracle Ridge Copper Mine project Feasibility Study.

KD is a provider of process engineering, design, procurement and construction management services. In conjunction with the affiliated company METCON Research, the company also provides quality analytical and metallurgical testing services. KD designs and builds processing plants primarily for the mining and mineral processing industries. Over the past 25 years KD projects have ranged from small mineral processing operations to 50,000 tons-per-day processing plants incorporating state-of-the-art technology.

Mr. Francis has more than 25 years of experience in integrating computerized geology and other mining disciplines used to improve resource estimation and mine reconciliation.

Prior to joining Oracle Mining Corp, Kevin was the Vice President of Resources for NovaGold Resources. In that role he managed all aspects of resource estimation, directed resource estimate activities, supervised mining professionals, participated in corporate development activities and the development of internal audit standards. Previously, he was the Principal Geologist at AMEC Americas providing consulting and project management services. He has significant experience at operating mines. Mr. Francis holds a Bachelor's degree in Geology and a Masters in Geology, both from the University of Colorado. Kevin is a qualified person as defined by NI 43-101.