Oracle Mining Corp : Oracle Mining Appoints Paul Eagland as Executive Chairman

Mar 30, 2012 - 06:00 ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2012) - Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX:OMN)(OTCQX:OMCCF)(PINKSHEETS:OMCCF)(FRANKFURT:OMC) is pleased to announce that Mr. Paul Eagland has been appointed Executive Chairman of the Board of Directors. Mr. Eagland most recently was the interim Chief Executive Officer of the Corporation until March 19.

"It is an honour to accept this senior role on our Board of Directors," said Mr. Eagland. "I have deep respect for our leadership team and the strong leadership by Doug Nicholson as our CEO ensures that we will continue to execute on our operations and growth strategies."

About Oracle Mining Corp.

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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 Corp. (hereinafter referred to as the "Corporation") 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 estimation of mineral reserves and resources, the realization of mineral reserve estimates, the receipt of permits to develop and operate the project, the timing and amount of estimated future production, costs of production, access to capital, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. 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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Oracle Mining Corp.
Mr. Alex Langer
VP Capital Markets
604-689-9282 or Toll-free: [phone]

Oracle Mining Corp.
Mr. Jason Mercier
VP Corporate Secretary
604-689-9261
[e-mail]
www.oracleminingcorp.com