3 June 2016

Oracle Coalfields PLC

("Oracle" or "the Company")

STATEMENT REGARDING SHARE PRICE MOVEMENT

Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert, in the south-east of Sindh Province, Pakistan, notes higher than normal level of trading activity in its shares.  Oracle is pleased to announce that it has signed a Shareholder Framework Agreement subject to conditions precedent, whereby a consortium of new and existing Chinese partners will take 70% equity in its subsidiaries in Pakistan in order to advance the development of the project.  A further announcement will be made in due course.  

Ends

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