Mineralisation Report Underway at Northern Zone

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce an important update from its Northern Zone Intrusive Hosted Gold Project in Western Australia (the "Northern Zone Project" or the "Project").

Overview:

o All drilling at the Project uploaded into Leapfrog Geo, a geological 3D modelling software, enabling the Company to generate a gold grade model (refer to Figure 1).

o A high impact drilling campaign has been designed in Leapfrog to follow up the latest high-grade intercepts, and to optimally target the expanding footprint of the mineralised porphyry.

o The upcoming aircore (AC) drill campaign will comprise 28 drill holes of approximately 1,960m and will look to target and extend previous higher grade gold intercepts via a series of SW-NE orientated extensional lines using a nominal 20m spacing (refer to Figure 3).

o The mineralisation at the Project remains open in multiple directions, leading to further drilling campaigns planned to test for the potential extents of the mineralised porphyry.

o A mineralisation report is set to be completed in the near term, and an application to convert the tenement to a mining licence is set to be made.

o Drilling continues to validate the geological model for the previously announced Exploration Target at the Northern Zone Gold Project of 200Mt - 250Mt at a grade of 0.4 g/t Au - 0.6 g/t Au for 2.5Moz - 4.8Moz of gold[1]

Naheed Memon, CEO of Oracle, commented: "The Northern Zone Project continues with the next stage of drilling targeting an increasing porphyry footprint. We have now made the decision to complete a mineralisation report so that an application can be made to convert the tenement to a mining licence. The recent set of high-grade gold assays at the Northern Zone Project have continued to expand the gold mineralised footprint of the porphyry over a much larger area than originally thought and it has confirmed the presence of a significant gold mineralised system. Given its location, 25km east of Kalgoorlie, it has the benefit of being highly accessible with sufficient infrastructure. Gold prices have now surpassed US$2,750/ounce, which ultimately bodes well for the project, something the board was hopeful of when it embarked on this project."