Oracle Mining Hires European IR Consultants

VANCOUVER, 10/18/11 - Oracle Mining Corp. ('Oracle Mining' or the 'Corporation') (TSX VENTURE: OMN)(OTCQX: OMCCF) announces that it has retained Deutsche Investor Relations GmbH ('DIRG') and Accent Marketing GmbH ('Accent') to provide Oracle Mining with investor relations services in Europe. DIRG and Accent are at arm's length to Oracle Mining.

DIRG is a Berlin-based investor relations firm that provides a multitude of investor relations services to publicly traded companies looking to establish support in German-speaking Europe. DIRG will create an online presence for Oracle Mining through the creation of a corporate profile on www.wallstreetonline.de, with the intent of creating a multifaceted investor relations program based on this profile.

Accent is a Munich-based investor relations firm that provides investor relations services in Europe through newsletters, financial journalist introductions, media release distribution and other services.

Pursuant to an agreement between DIRG and Oracle Mining, DIRG will be paid EUR2,500 EURO per month to provide services for a period of one year. Pursuant to an agreement between Accent and Oracle Mining, Accent will be paid US$15,000 per quarter to provide services for a period of a minimum of six months.

The Board of Directors has approved and granted stock options to DIRG and Accent pursuant to the agreements. Options were granted to DIRG to purchase 100,000 common shares and to Accent for 150,000 common shares in the capital of the Corporation, exercisable for a period of two years at a price of $1.07 per share and subject to the terms and conditions of the Corporation's Stock Option Plan and TSX Venture Exchange approval. The stock options vest quarterly from the date of grant, with 25% of the options vesting on each of the dates 3 months, 6 months, 9 months and 12 months from the date of grant.


About Oracle Mining Corp.

Oracle Mining Corp. (TSX VENTURE: OMN) (OTCQX: OMCCF) is a Vancouver, Canada-based corporation with a focus on uncovering overlooked deep-value projects to achieve superior shareholder returns. The Corporation is the sole owner and operator of Oracle Ridge Mining LLC and copper mine located 24 km northeast of Tucson, Arizona. Oracle Mining has cash on hand of approximately $12 million, minimal long-term debt and is managed by an experienced team of mining professionals with extensive operating and financial experience.


Forward-looking Statement Disclaimer

This document may contain 'forward-looking statements' within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Oracle Mining Corp. (hereinafter referred to as the 'Corporation') does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Corporation's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved' or the negative of these terms or comparable terminology.

By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Corporation's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:

Oracle Mining Corp.
Mr. Alex Langer, Corporate Communications
604-689-9293

Oracle Mining Corp.
Mr. Jason Mercier, Corporate Secretary
604-689-9261
info@oracleminingcorp.com
www.oracleminingcorp.com