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Oracle Mining Announces New Addition to Management Team

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/20/13 -- Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX:OMN)(OTCQX:OMCCF)(FRANKFURT:OMC) is pleased to announce that the Board of Directors has appointed Mr. Rod Campbell to the role of President of the Corporation.

As President, Mr. Campbell serves as Oracle Mining's leader of corporate strategy; evaluating and assessing strategic opportunities as well as planning, directing, and coordinating capital market activities. Prior to joining Oracle Mining, Mr. Campbell led the investment banking team and held the position of President and CEO at Clarus Securities Inc. ("Clarus"), one of Canada's leading independent investment banks. Clarus is an entrepreneurial investment banking boutique with a global focus on mining, oil & gas and special situations. During his tenure at Clarus the team participated in transactions with a value in excess of $10 billion.

"With the engagement of Mr. Rod Campbell as President of Oracle Mining, the Corporation has an outstanding leader to direct its growth and financial strategies," said Mr. Alan Edwards, Oracle Mining's CEO. "When coupled with the operational strength of Oracle Mining's existing management group, we believe our team is one of the most impressive in its class."

Mr. Campbell is an exceptionally effective financial professional with significant private and public company experience, including serving as the Chief Financial Officer for two TSX-listed companies. He spent nearly a decade in commercial banking with CIBC, one of Canada's Top 5 banks, and obtained a Bachelor of Commerce and B.A. from the University of Alberta and an MBA from the University of British Columbia.

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 Copper Mine located 24 km northeast of Tucson, Arizona. Oracle Mining is managed by an experienced team of mining professionals with extensive operating and financial experience.

Forward-looking Statement Disclaimer

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Oracle Mining does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Corporation's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the Corporation's liquidity and balance sheet and future sales of metals or minerals from Oracle Ridge. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", 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. By their very nature forward-looking statements involve 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 the forward-looking statements. Such factors include, among others, actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Corporation's interim and annual financial statements and management's discussion and analysis of those statements, all of which are 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 those described in forward-looking statements, 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contacts:
Oracle Mining Corp.
Mr. Alex Langer
VP Capital Markets
604-689-9293 or Toll-free: +1-855-689-9282

Oracle Mining Corp.
Mr. Jason Mercier
Senior VP Corporate Secretary
604-689-9261
[email protected]
www.oracleminingcorp.com

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