Placing and Notice of Annual General Meeting

30/07/2010

                                                                                      GB00B23JN426/GBP/PLUS-exn

                                             Oracle Coalfields PLC

                                          ("Oracle" or the "Company")

                                 Placing and Notice of Annual General Meeting

Oracle  Coalfields PLC (PLUS: ORCP), the UK developer of a 1.4 billion tonne coal deposit in southern Pakistan,
has raised an additional £63,600 through the issue of 2,120,000 new Ordinary Shares of 0.1p each at a price  3p
per Ordinary Share.

The proceeds from the above placing will provide additional working capital for the Company.

Following  the  placing, Andrew Neubauer, a shareholder in Oracle is interested in 20,033,830 Ordinary  Shares,
representing 12.14% of the issued share capital of the Company.

In accordance with the FSA's Disclosure and Transparency Rules, the Board of Oracle confirms that as at 30 July
2010,  there  are  165,036,000  Ordinary Shares in issue of which the Directors are  interested  in  29,638,291
shares, which represents 17.96% of the issued share capital.

Notice of Annual General Meeting

Notice  is  hereby given that the Annual General Meeting (Meeting) of Oracle will be held at Trowers &  Hamlins
LLP,  Sceptre  Court,  40  Tower Hill, London EC3N 4DX on Tuesday 24th August 2010  at  11am  to  transact  the
following business:

As Ordinary Business

    1.  To  receive and adopt the Company's audited accounts for the period from 1st January 2009 to  31st
        December 2009 and the directors' and auditors' reports thereon;

    2.  To re-elect Anthony Charles Raby Scutt as a director of the Company; and

    3.  To re-appoint Price Bailey LLP as auditors to hold office from the conclusion of the meeting to the
        conclusion of the next meeting at which the accounts are laid before the Company and to authorise the directors
        to fix the auditors' remuneration.

Special Resolution

To consider and if thought fit, to pass the following resolutions, of which resolution 4 will be proposed as an
ordinary resolution and resolutions 5 and 6 will be proposed as special resolutions:

    4.  THAT, for the purposes of section 551 of the Companies Act 2006 (the Act) the directors of the Company
        be and are hereby generally and unconditionally authorised to exercise all powers of the Company to allot
        equity securities (within the meaning of section 560 of the Act) up to an aggregate nominal amount of £50,000
        provided that this authority shall expire (unless previously renewed, varied or revoked by the Company in
        general meeting) at the conclusion of the next annual general meeting of the Company, save that the Company may
        before such expiry make an offer or agreement which would or might require relevant securities to be allotted
        after such expiry and the directors of the Company may allot relevant securities in pursuance of such offer or
        agreement as if the authority conferred hereby had not expired. This authority is in substitution for any and
        all authorities previously conferred upon the directors for the purposes of section 551 of the Act or section
        80  of  the Companies Act 1985, without prejudice to any allotments made pursuant to the terms of  such
        authorities.

    5.  THAT,  subject to the passing of resolution 4 above the directors of the Company be and are hereby
        empowered pursuant to section 570 of the Act to allot equity securities (within the meaning of section 560 of
        the Act) pursuant to the authority conferred by resolution 4 above and to sell treasury shares as if section
        561 of the Act did not apply to any such allotment or sale provided that the power conferred by this resolution
        shall be limited to:

    5.1.The allotment or sale of equity securities for cash in connection with an issue or offer of equity
        securities (including, without limitation, under a rights issue, open offer, or similar arrangement) to holders
        of equity securities in proportion (as nearly as may be practicable) to their respective holdings of equity
        securities subject only to such exclusions or other arrangements as the directors of the Company may consider
        necessary or expedient to deal with fractional entitlements or legal or practical problems under the laws of
        any territory, or the requirements of any regulatory body or stock exchange in any territory: and

    5.2.The allotment or sale (otherwise than pursuant to resolution 5.1) of equity securities for cash up to
        an aggregate nominal value of £50,000. The power conferred by this resolution 5 shall expire (unless previously
        renewed, revoked, or varied by the Company in general meeting), at such time as the general authority conferred
        on the directors of the Company by resolution 4 above expires, except that the Company may at any time before
        such expiry make any offer or agreement which would or might require equity securities to be allotted or sold
        after such expiry and the directors of the Company may allot or sell equity securities in pursuance of such an
        offer or agreement as if the authority conferred hereby had not expired.

    6.  THAT:

    6.1.The Articles of Association of the Company be amended by deleting all the provisions of the Company's
        Memorandum of Association which, by virtue of section 28 of the Act, are to be treated as provisions of the
        Company's Articles of Association; and

    6.2.The Articles of Association produced to the meeting and initialled by the chairman of the meeting for
        the purposes of identification be adopted as the Articles of Association of the Company in substitution for,
        and to the exclusion of, the existing Articles of Association.

 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]

 WEBSITE:  www.oraclecoalfields.com

Oracle Coalfields plc