Oracle Mining Announces Management Change

Oracle Mining Announces Management Change 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/08/13 -- Oracle
Mining Corp. ("Oracle Mining" or the "Corporation")
(TSX:OMN)(OTCQX:OMCCF)(FRANKFURT:OMC) announces today the resignation
of Mr. Alan Edwards as the Chief Executive Officer of the
Corporation.   
Mr. Edwards will remain as a director to continue the considerable
efforts in guiding the project development of our Oracle Ridge copper
project ("Oracle Ridge" or "Oracle Ridge Project"), located 24 km
northeast of Tucson, AZ.  
"Alan has been the key man in getting us to our current status," said
Mr. Paul Eagland, Chairman of Oracle Mining. "He directed our efforts
to find JDS Energy & Mining to assess and advance the Oracle Ridge
Project and he led the Tucson operating team in removing obstacles
that stand between us and our goals for the Oracle Ridge Project. We
are very fortunate to have Alan during such a critical phase and,
more importantly, he is still with us as a director and fully
involved in advancing the development of the Project."  
A current Mineral Resource was established under Mr. Edwards's
guidance in March 2013 and in May, the Corporation contracted JDS to
provide engineering services and produce a feasibility study in
accordance with NI 43-101 (the "Feasibility Study"). Mr. Edwards's
advised that as he is involved with a number of other mining
companies, and with the Feasibility Study work well underway, the
time had come to reduce costs as the Project moves ahead.  
The Corporation has a Chairman and President as well as a complete
executive team in its head office and operations team in place at
Oracle Ridge in Arizona. Oracle Mining expects to name a new Chief
Executive Officer in the near future.  
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
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 "is expected", "estimates", "anticipates", "goal", 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: our plans and expectations for the Oracle Ridge Project,
including the timing or completion of any work on the Oracle Ridge
Project and timing of appointment of a new Chief Executive Officer;
our plans to work towards completing the Feasibility Study; and our
Mineral Resource estimate for the Oracle Ridge Project.. 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
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
testwork; our ability to comply with current and future
environmental, safety and other regulatory requirements and to obtain
and maintain timely receipt of regulatory approvals.  
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: dilution to
shareholders from any equity financings; the availability of capital
on acceptable terms, or at all; 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; influence
of significant shareholders; 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 April 1, 2013, for the year ended December 31, 2012, 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. 
Contacts:
Oracle Mining Corp.
Investor Relations
604-689-9282 or Toll-free: +1-855-689-9282
info@oracleminingcorp.com
www.oracleminingcorp.com
 
 
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