News Releases

 Thu Nov 4, 2010
News Release

 November 4, 2010 Oracle Energy Corp. ("Oracle") (OEC-TSX.V) announces a change to its offering (the "Offering") announced on October 28, 2010. Oracle has arranged for an Offering of up to 14,000,000 units (each, a "Unit") at a price of $0.075 per Unit. Each Unit is comprised of one common share of Oracle (each, a "Share") and one half of one share purchase warrant (each, a "Warrant"). Each whole Warrant entitles the holder to purchase one additional Share at an exercise price of $0.15 per Share for a period of 24 months from the issuance of the Warrant. If Oracle's shares trade on the Exchange at or above $0.40 per share for 10 consecutive trading days, Oracle may give notice (the "Notice") to the holders of the Warrants that the expiration date of the Warrants is accelerated. Oracle intends to use the proceeds from the Offering on its Romanian properties, to reduce outstanding debt and for working capital purposes.

A finder's fee may be paid on a portion or all of the Offering as permitted by Exchange rules. All of the securities to be issued by Oracle in connection with the Offering will be subject to a hold period, which expires four months and a day after the closing date of the Offering, and half of the securities issued by Oracle in connection with the Offering will be subject to an additional contractual hold period which expires eight months after Closing.

The Offering is subject to TSX Venture Exchange approval.

Oracle Energy Corp. is a Canadian based oil and gas company with a portfolio of oil and gas interests in Romania.

ON BEHALF OF THE BOARD

"Nasim Tyab"
Nasim Tyab, President


Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical and in this press release include statements ,regarding the anticipated terms of the Offering, Oracle's ability to close the Offering and the use of the proceeds from the Offering. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: the inability to close the private placement at all or on the terms set out above, and Oracle's inability to obtain exchange approval of the Offering. These forward-looking statements are made as of the date of this news release and, except as required by law, Oracle assumes no obligation to update these 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.