Change of Broker

29 April 2013

Oracle Coalfields PLC

("Oracle" or the "Company")

Change of Broker

Oracle Coalfields PLC appoints Peterhouse Corporate Finance Limited as Broker

Oracle Coalfields PLC (AIM:ORCP), the UK coal developer of a 1.4 billion tonne lignite resource located in the south-eastern desert of the Sindh Province, Pakistan, today announces that it has appointed Peterhouse Corporate Finance Limited as Broker with immediate effect.

Shahrukh Khan, CEO of Oracle Coalfields, said: "We would like to thank Novus Capital Markets for their assistance in providing Broker Service and look forward to working with Peterhouse Corporate Finance Limited."

Ends

For further information:

Oracle Coalfields PLC

Shahrukh Khan, CEO +44 (0) 203 102 4807

Blythe Weigh Communications

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

Grant Thornton (Nominated Adviser)

Gerry Beaney/David Hignell +44 (0) 207 728 3402

Peterhouse Corporate Finance Limited

Charles Goodfellow, Duncan Vasey +44 (0) 207 220 9791