Correction to Placing

20/08/2010
                                                                         GB00B23JN426/GBP/PLUS-exn

                                       Oracle Coalfields PLC

                                    ("Oracle" or the "Company")

                        CORRECTION TO PLACING ANNOUNCEMENT OF 30 JULY 2010

Following  the  announcement made on 30th July 2010, Oracle Coalfields PLC (PLUS:  ORCP),  the  UK
developer  of  a  1.4  billion tonne coal deposit in southern Pakistan, has raised  an  additional
£83,850,  rather than £63,600 as previously announced, through the issue of 2,795,000 new Ordinary
Shares of 0.1p each at a price  3p per Ordinary Share.

The proceeds from the above placing will provide additional working capital for the Company.

Following   the   placing,  Andrew Neubauer, a shareholder in Oracle is interested  in  20,033,830
Ordinary  Shares, representing 12.08% of the issued share capital of the Company.

In  accordance with the FSA's Disclosure and Transparency Rules, the Board of Oracle confirms that
as  at  20  August 2010,  there  are  165,711,000  Ordinary Shares in issue of which the Directors
are  interested  in  29,638,291 shares, which represents 17.88% of the issued share capital.

The Directors of Oracle are responsible for the contents of this announcement.

 ENQUIRIES:

 Oracle Coalfields PLC
 Shahrukh Khan, Chairman
 Telephone: [phone]
 Email: [e-mail]

 St Helens Capital Partners LLP
 Duncan Vasey or Mark Anwyl
 Telephone: [phone]

 WEBSITE:  www.oraclecoalfields.com

Oracle Coalfields plc