Oracle Mining Corp. Notified of TSX Continued Listing Review

VANCOUVER, BC -- (Marketwired - December 19, 2014) - Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX: OMN) (OTCQX: OMCCF) (FRANKFURT: OMC) today announced that it has been notified by the Toronto Stock Exchange ("TSX") that it is being placed under delisting review. The TSX has indicated that the review process is being conducted as a result of the decline in the market value of the Corporation's common shares pursuant to Part VII of the TSX Company Manual.

The Corporation is being reviewed under the TSX's Remedial Review Process and has been granted 120 days to comply with all requirements for continued listing. If Oracle Mining cannot demonstrate that it meets all TSX requirements set out in Part VII of the TSX Company Manual on or before April 20, 2015, the Corporation's securities will be delisted 30 calendar days from such date.

The Corporation intends to enter into discussions with the TSX, and to potentially apply for listing of its common shares on the TSX Venture Exchange to ensure, to the extent possible, continued and seamless trading liquidity for shareholders. Listing on the TSX Venture Exchange would provide greater operational efficiency and lower costs for the Corporation.


About Oracle Mining Corp.

Oracle Mining Corp. (TSX: OMN) (OTCQX: OMCCF) (FRANKFURT: OMC) is a Vancouver, Canada-based corporation that is the sole owner and operator of Oracle Ridge Mining, LLC and the Oracle Ridge Project located 24 km northeast of Tucson, Arizona. Oracle Mining is managed by an experienced team of mining professionals with extensive operating and financial experience.


Cautionary Note Regarding Forward-Looking Information

Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of Canadian securities legislation that involves risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and Oracle Mining does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of the Corporation's expectations or beliefs regarding future events. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "scheduled", "estimates", "intends", "anticipates" or "does not anticipate", "goal" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to: discussions the TSX and the listing of our common shares on the TSX or TSX Venture Exchange; our plans to work towards commencing and completing the feasibility study; our mineral resource estimate for the Oracle Ridge Project; our plans and expectations for the Oracle Ridge Project including our plans relating to completion of a further drilling program and further exploration and development of the Oracle Ridge Project; the timing or completion of any work on the Oracle Ridge Project, including timing of commencement and completion of our drilling program and the feasibility study; and our goal to expand the mineral resource estimate and upgrade mineral resources, if possible, to a higher mineral resource category. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: our ability to obtain and maintain timely receipt of regulatory approval; our assumptions regarding copper, base metal and precious metal prices; accuracy of Mineral Resource estimate and mineral resource modelling; accuracy of cut-off grade and assumptions underlying thereto, including projected copper prices and estimates of total operating costs; dilution allowance assumptions; success of future drilling programs; reliability of drilling, sampling and assay data; representativeness of mineralization; accuracy of metallurgical test work; and our ability to comply with current and future environmental, safety and other regulatory requirements.

By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by forward-looking information. Such factors include, but are not limited to: the ability to meet the minimum listing requirements of the TSX or the TSX Venture Exchange; dilution to shareholders from any equity financings; the availability of capital on acceptable terms, or at all; influence of significant shareholders; risks relating to our estimates of mineral resources and cut-off grade and factors underlying, proving to be inaccurate; our dependence on the Oracle Ridge Project; risk that we are unable to enforce our legal rights under existing agreements, permits or licences or are subject to litigation or arbitration that has an adverse outcome; risk there are changes in project parameters as plans continue to be refined; risks related to the actual results of exploration and development activities; our historical experience with development-stage mining operations; changes in commodity prices, and particularly copper prices; receipt of necessary permits and licences; regulatory changes; risks related to the uncertainty of timing of events including delays in obtaining governmental approvals or financing or in the completion of project development studies; we are affected by environmental, safety and regulatory risks, including increased regulatory burdens or delays, accidents, labour disputes and other risks inherent in the mining industry; availability of materials and equipment; lack of revenue and commercial production; increased indebtedness and events of default thereunder; competition for properties, capital, skilled personnel and resources; uninsured risks; defects in title; foreign operations; adequate infrastructure in the jurisdictions in which we operate; opposition to mining activities; fluctuations in currency exchange rate, as well as those factors discussed in the Corporation's annual information form dated March 31, 2014, for the year ended December 31, 2013, filed and available for review on SEDAR at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated by such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information.

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For further information, contact:

Oracle Mining Corp.
Investor Relations
T: 604-689-9282
E: info@oracleminingcorp.com
www.oracleminingcorp.com

Mr. Jason Mercier
Senior VP Corporate Secretary
T: 604-689-9261