JORC MEASURED RESOURCE AT BLOCK VI THAR COALFIE...

19 May, 2008

                                                                         GB00B23JN426/GBP/PLUS-exn

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

Drilling  validation defines 1.4 billion tonnes JORC compliant Measured Resources and 371  million
tonnes Proved Reserves at Block VI Thar Coalfield, Tharparkar, Province of Sindh, Pakistan.

Highlights

* Measured Resource at Block VI, Thar Coalfield, of 1.423 billion tonnes

* Proven Reserve of 371 million tonnes at phase I and phase II mine areas at Block VI

* Coal is of lignite quality and suitable for combustion in power generation

Oracle Coalfields PLC (PLUS: ORCP) the coal explorer and developer, announces the results from its
seven  borehole  drilling programme at its 80% owned Block VI coal project  located  on  the  Thar
Coalfield in Pakistan.  The results have returned a total measured resource at Block VI  of  1.423
billion tonnes of lignite coal. The area of Block VI that has been delineated as the mine area has
returned a proved reserve of 371 million tonnes of lignite coal.

The results from the seven borehole drilling programme have validated the results of a 35 borehole
drilling  programme  undertaken in 2006 by the China North Eastern  Geological  Survey  Bureau  as
commissioned by the Sindh Coal Authority. The results have enabled the project to be taken to  the
internationally  recognised JORC standard (JORC: Joint Ore Reserves Committee of The  Australasian
Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council  of
Australia).  The main principles of JORC Code (2004 Edition) and definition of the resource can be
read as per the following link: (http://www.jorc.org/main.php)

Analyses  of the results were carried out by the Company's independent UK coal consultants,  Dargo
Associates Ltd ("Dargo").

The  area  of  Block VI that has been outlined for the mining area is that which  shows  the  most
favourable stripping ratio in relation to the overburden and the thickness of the coal seam.

Analyses  of  the  42  boreholes has shown the geology at Block VI to  be  simple  with  no  known
dislocations and confirmed the quality of coal to be suitable for combustion in power generation.

                                  Lignite Measured Resources Mt      Lignite Proved Reserves Mt
Block VI Area                                 1,423                               -
Total Mine Area                                 -                                371

Mt = Million Tonnes

Shahrukh Khan, Chairman, commented:

"We  are  delighted  to  announce the JORC results at Block VI of the Thar Coalfield,  which  have
exceeded  our  expectations. We now look forward to taking the project  into  the  next  phase  of
development.  We  are  reviewing the programme and strategy and shall inform  the  market  of  our
progress in the near future."

Qualified Person

The  information contained in this announcement has been reviewed by Dr Larry Thomas Ph.D, C.Geol,
C.Eng, FIMMM, FGS of Dargo Associates Ltd, independent consultants to Oracle Coalfields PLC. He is
a  Qualified Person who has more than 30 years experience in coal geology and he is undertaking to
act as a Qualified Person for the purposes of this announcement.

The Directors of the Issuer accept responsibility for this announcement.

ENQUIRIES:

ORACLE COALFIELDS PLC
SHAHRUKH KHAN, CHAIRMAN
TELEPHONE: [phone]
EMAIL: [e-mail]

CORPORATE ADVISERS

ST HELEN'S CAPITAL PLC
BARRY HOCKEN, DIRECTOR
TELEPHONE: [phone]
EMAIL: [e-mail]

CONDUIT PR
JOS SIMSON
Telephone: [phone]

WEBSITE:

www.oraclecoalfields.com

About Oracle:

Oracle  Coalfields plc is a London-based resource exploration and development company with  an  80
per  cent  owned  subsidiary (Sindh Carbon Energy Limited) operating in  Pakistan.  The  Company's
shares are quoted on the PLUS markets (symbol: ORCP). The Company's flagship project is the  Block
VI  coal  project which is located on the Thar coalfield in the eastern Sindh province,  Pakistan.
Block VI is host to a JORC compliant resource of 1.4 billion tonnes and 371 million tonnes in  the
proven category.

The  Company also owns the Indus East project in Pakistan. A pre-feasibility study carried out  by
Dargo  associates confirmed an inferred resource for the area (in line with the JORC Code) to  365
million  tonnes, of which the boreholes KHW-1 and KHW-2 give an indicated resource of c.24 million
tonnes.

Oracle Coalfields plc