AGM Statement

24/08/2010
                                                                                  GB00B23JN426/GBP/PLUS-exn

                                           Oracle Coalfields Plc
                                        ("Oracle" or the "Company")

                                               AGM STATEMENT

At  today's Annual General Meeting of Oracle Coalfields PLC (PLUS: ORCP), the UK developer of a 1.4 billion
tonne coal deposit in southern Pakistan, the Chairman, Shahrukh Khan will make the following comments:

"This is a tragic time for Pakistan and its people and I am aware of the concerns of shareholders regarding
the  flooding  and  the  affect it may have on Oracle's coal project in Block  VI,  Thar  Coalfield,  Sindh
Province.

"The project has not been so far affected by these devastating floods as the project site is more than  250
km  east of the Indus River in the Sindh Province.  Access to site is good and we do not expect the  floods
to  hinder  our work programme, which is already underway.  Further details on the floods, including  flood
maps can be extracted from our company website (www.oraclecoalfields.com).

"We  successfully  raised just over £1.1 million via a placing in June 2010 which provides  the  additional
working  capital for the business to complete the Bankable Feasibility Study (BFS) on its flagship  project
in  Block  VI  of  the  Thar  coalfield.   Local contractors have  been  appointed  for  the  hydrogeology,
geotechnical  and  sub-crop drilling and shall work under the supervision of international  consultants  of
repute.

"Block VI is host to a JORC resource of 1.4 billion tonnes of lignite coal including 371 million tonnes  in
the proven reserve category.

"We  have entered into Memorandum of Understandings (MOU) with both the Karachi Electricity Supply  Company
and  Lucky Cement Limited.  The MOU with Lucky Cement is aimed at giving Oracle early cashflow by supplying
Lucky Cement with indigenous coal. Given the sad events occurring currently it would appear that there will
be a greatly increased need for cement for the foreseeable future.

"Oracle is targeting to achieve its aim of developing an open pit mine in 2011."

The Directors of Oracle are responsible for the contents of this announcement.

ENQUIRIES:

Oracle Coalfields PLC
Shahrukh Khan, Chairman
Telephone: [phone]
Email: [e-mail]

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: [phone]

Blythe Weigh Communications
Tim Blythe or Matthew Neal
Telephone: [phone]

WEBSITE:  www.oraclecoalfields.com

Oracle Coalfields plc