Oracle Notified of TSX Continued Listing Review

VANCOUVER, BC--(Marketwired - December 19, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

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.