Change of Adviser

29 June 2012

Oracle Coalfields PLC

("Oracle" or "the Company")

Change of Adviser

Oracle Coalfields appoints Seymour Pierce as Nominated Adviser & Joint Broker

Oracle Coalfields PLC (AIM:ORCP), the UK coal developer of a lignite mineral property located in the south-eastern desert of the Sindh Province, Pakistan today announces that is has appointed Seymour Pierce as Nominated Adviser and Joint Broker with immediate effect.

Shahrukh Khan, CEO of Oracle, said "Seymour Pierce has an outstanding reputation in the mining sector and their appointment marks an important step as we look to develop our exciting coal project in the Sindh province, Pakistan. They offer a skill-set which will complement that of our current broker, Novus Capital.

"We would like to thank Libertas Capital for all they did for Oracle, particularly in helping us make the transition from PLUS to AIM. We wish them all the best in the future."

Ends

For further information:

Oracle Coalfields PLC

Shahrukh Khan +44 (0) 207 317 4056

Blythe Weigh Communications

Tim Blythe, Robert Kellner, Samantha Ryan +44 (0) 207 138 3204

 Seymour Pierce Nominated Adviser &Joint Broker

Stewart Dickson / Julian Erleigh (Corporate Finance) +44 (0) 20 7107 8000

Richard Redmayne / Jacqui Briscoe (Corporate Broking)

Novus Capital Markets (Joint Broker)

Denis Christie, Charles Goodfellow +44 (0) 207 107 1881