News Releases

 Tue Jun 27, 2017
Oracle Terminates Acquisition of right to Earn Interests in African Oil and Gas Assets

 Vancouver June 21, 2017 -- Oracle Energy Corp. ("Oracle" or the "Company")
announces that it has terminated its option, announced by news release March
15, 2017, to acquire rights to participate in the exploration and development of
certain oil and gas assets in West Africa.

The Company also announces that it will be cancelling the share consolidation
and the $0.1125 financing and debt settlement referred to in the Company's
March 15, 2017 news release.

The Company is reviewing other potential opportunities in the oil and gas sector.

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.