Completion of Phase 2 Drill Programme

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that the Phase 2 drilling programme has now been completed at its Northern Zone Gold Project, located 25km ESE of Kalgoorlie in Western Australia. Refer to Figure 1 for location map.

Highlights:

• Reverse Circulation (RC) drilling completed - six holes for 1,363 metres and 1,100 samples collected
• Air Core (AC) drilling completed - 27 drill holes for 1,772 metres, with 662 composite samples collected
• The Phase 2 drill programme was designed to:

o Enable estimation of a maiden JORC compliant gold resource via the drilling of targeted step-out RC holes. These holes were optimally orientated to test the continuation of mineralisation at depth and along strike

o The initial AC drilling was designed to test for supergene gold enrichment, and was sited in previously undrilled areas of the project

• The Northern Zone Gold Project is located 25km ESE of Kalgoorlie
• Gold at Northern Zone is hosted in a porphyry intrusion with drilled widths exceeding 100 metres in true width
• Previously announced Exploration Target at the Northern Zone Gold Project of 200Mt - 250Mt at a grade of between 0.4 g/t Au - 0.6 g/t Au for 2.5Moz - 4.8Moz of gold[1]
• All samples have been submitted to ALS Kalgoorlie for assay and results are expected to be received and announced in early July 2024

Naheed Memon, CEO of Oracle, commented:

"Our RC and AC drilling programme progressed more efficiently than expected, with assaying now underway at ALS Kalgoorlie. Our objective is to achieve a Maiden JORC Resource estimation in the coming months. The Northern Zone Gold Project, located ESE of Kalgoorlie, has a substantial gold Exploration Target centred around a large porphyry gold system proven to exceed 100 metres in true width from historic drilling, and we eagerly anticipate receipt of the assay results next month."

Figure 1: Northern Zone Project Map showing proximity to the Kalgoorlie "Super Pit".

[1] Riversgold Limited's (RGL) ASX announcement 9 May 2023 "Farm into Significant Porphyry Hosted Gold Project".