News Releases

 Thu Nov 30, 2017
Oracle Announces Proposed Oil and Gas Permit Acquisition, Share Consolidation and Financing

 Vancouver November 30, 2017 Oracle Energy Corp. ("Oracle" or the "Company")
(TSX.V: OEC) (Frankfurt: O2E) announces the following:


The Company is pleased to announce that it has entered into an agreement with Italmin
Energie Sri ("Italmin"), an Italian corporation, to acquire a 16% participating interest in an
oil and gas permit situated in central south Italy and referred to as the NUSCO permit (the
"Permit"). Italmin currently has a 20% participating interest and is party to a Joint
Operating Agreement with a third party that has an 80% interest (the "Majority Interest
Holder"). The Company will carry Italmin on its 4% carried participating interest until the
Company has spent Euro 800,000 under a joint operating agreement ("JOA"), being its
20% share of a total of Euro 4,000,000 to be spent on drilling and testing operations of a
first well. Once Euro 4,000,000 has been expended all parties to the JOA will be
responsible to pay their share of costs going forward on the basis of the Majority Interest
Holder paying 80%, the Company 16% and Italmin 4%.

In addition to the cost of carrying Italmin on its carried interest as outlined above, the
purchase price for the Company's 16% participating interest is Euro 30,000 payable as to
Euro 10,000 by January 15, 2018 and the remaining Euro 20,000 upon environmental
drilling authorization being obtained. Italmin has the right to convert its carried
participating interest in all future activities that have origin from the Permit into a gross
participating interest with Italmin only paying all taxes, royalties and any other statutory
obligations relating to such interest ("Gross Participating Interest")at the conversion rate of
receiving 1% Gross Participating Interest for each 4% of carried interest converted..
Conversion into a Gross Participating Interest will result in Italmin receiving its percentage
of net profits in payment or kind from the hydrocarbons produced from the Permit without
Italmin having to participate in any kind of investment and expenditures in connection with
the production of such hydrocarbons.

The Nusco permit in Southern Italy covers 698.5 sq km (172603 acres) and lies along trend
with the Val D'Agri complex, the largest and most prolific onshore fields in Europe
comprising 5 fields.

There are two structures in the permit. The targets are the Apenninic thrust fronts piled on
the Apulian platform, also involved in the thrusting. This petroleum system has only come
into play since much better 3D seismic led to the discovery of the first Val D'Agri field in
1988 and the rest followed in the 1990s.

Nusco lies between the Benevento oil field (about 40 km to the north) and the Val D'Agri
(about 80 km to the SE). 'The National Energy Strategy estimates Italy's total oil and gas
reserves at approximately 700 Million tonnes of oil equivalent (5 billion oil equivalent
barrels, conversion factor 1 toe = 7.33 barrel of oil equivalent (boe)), including proven,
probable and possible reserves - IEA Italy Country Report. The Company has not verified
nor is it relying on the estimates as they have not been prepared in accordance with NI 51-

Share Consolidation

The Company also announces that, subject to all regulatory approvals, it intends to amend
its share structure by consolidating its issued and outstanding common shares on the basis
of one (new) post consolidation share for each ten (old) pre-consolidation shares (the

The board of directors of the Company believes that the Consolidation is necessary to
better position the Company for future corporate development opportunities and financing
transactions. There will be no name change in conjunction with the Consolidation.

The Company currently has 62,033,436 common shares issued and outstanding. Following
the Consolidation, it is anticipated that the Company will have approximately 6,203,343
common shares issued and outstanding, and continue to trade on the TSX Venture
Exchange under the existing stock symbol "OEC".

The exercise or conversion price and the number of common shares issuable under any of
the Company's outstanding warrants and stock options will be proportionately adjusted to
reflect the Consolidation in accordance with their respective terms thereof. No fractional
common shares will be issued pursuant to the Consolidation, and any fractional common
shares that would otherwise be issued will be rounded down or up to the nearest whole


The Company also announces that it will conduct a non-brokered private placement (post
share consolidation) of up to 33,333,333 units at a price of seven and a half cents per unit
($0.075) to raise proceeds of up to $2,500,000. Each unit will consist of one common share
and one common share purchase warrant (the "Unit Warrants") with each Unit Warrant
entitling the holder to acquire one additional common share at a price of $0.15 per share for
12 months from closing. The funds from the financing will be used to pay for the
Company's acquisition costs and for working capital purposes. Finder's fees on the
financing may be payable in accordance with regulatory policies.


Peter Francis, CEO

About Oracle Energy Corp.

Oracle Energy Corp. (TSX.V: OEC) (Frankfurt: O2E) is an international oil and gas exploration and development company.

For more information on Oracle Energy visit

Neither 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. Forward- looking statements in this release are made pursuant to the 'safe harbour' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.