Raises £1 million Investment from Regency Mine...

12 November 2010

                                                                         GB00B23JN426/GBP/PLUS-exn

                                       Oracle Coalfields PLC
                                    ("Oracle" or the "Company")

                              Raises £1 million through Subscription

The  Board  of  Oracle Coalfields PLC (PLUS:ORCP), the UK developer of a 1.4  billion  tonne  JORC
Measured  coal  resource in the south-eastern desert of Sindh Province, Pakistan,  is  pleased  to
announce  that  it  has entered into an agreement whereby Regency Mines PLC  (AIM:RGM),  a  mining
exploration  and mineral investment company with interests in Australia and Papua New Guinea,  has
subscribed  for 18,500,00 new Oracle shares at a price of 5.5 pence per share to raise  £1,017,500
(the "Subscription").

Following  the  Subscription, which is expected to settle on 24 November 2010, Regency  Mines  PLC
will  hold  approximately 10.04 per cent of the enlarged issued share capital of the Company.  The
Placing  Shares  will  be fully paid and will rank pari passu in all respects  with  the  existing
ordinary  shares  of 1 pence each in the Company.  The total number of ordinary  shares  in  issue
following the completion of the Placing will be 184,211,000, of which the Directors are interested
in 29,638,291 shares which represent 16.09 per cent of the issued share capital.

It  is the announced intention of Oracle to seek admission to trading on AIM in the first half  of
2011.  In  consideration of the Subscription, Regency Mines PLC will be given the right, but  will
have no obligation, to subscribe, at the time of admission to trading on AIM or another recognised
market ("Listing"), for up to such number of Oracle Shares as, when aggregated with the New Oracle
Shares, will constitute 20 per cent. of the issued share capital of Oracle following Listing  (the
"Subscription  Right"). The Subscription Right will be exercisable at the price  at  which  Oracle
offers stock for subscription by third parties at Listing.

Shahrukh Khan, Chairman of Oracle Coalfields commented:

"We're  delighted that Regency Mines has recognised the growth potential of Oracle Coalfields  and
decided  to  make  an early investment in the Company. Regency expects to add to its  shareholding
following the subscription, which is encouraging and we welcome their long term support.  We  have
recently  announced  the  extension of our exploration licence  and  are  proceeding  towards  the
Bankable Feasibility Study as planned."

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]

Blythe Weigh Communications
Tim Blythe or Ana Ribeiro
Telephone: [phone]

WEBSITE:  www.oraclecoalfields.com

Notes to Editors
Oracle Coalfields PLC
Oracle  Coalfields  PLC ("Oracle" or the "Company") was incorporated in July 2006  in  the  United
Kingdom  as a public company initially for investing in the coal mining sector in the Province  of
Sindh, Pakistan.  The Company's shares commenced trading on the PLUS Markets in August 2007.
For local operations, the Company set up a local entity, Sindh Carbon Energy Limited (SCEL) which
is registered in Pakistan.  In November 2007, the Company was granted Block VI of the Thar
Coalfield by the Mines & Mineral Development Department, Government of Sindh.
Oracle Coalfields listed on the PLUS Markets primary exchange, PLUS-quoted, in August 2007. Oracle
Coalfields is a UK based company with its primary coal projects in Pakistan. It will in time
evaluate global opportunities for investment and strategic partnership for coal mining and
production.
Regency Mines plc
Regency Mines plc (AIM: RGM; Frankfurt: RM4) is listed on the Alternative Investment Market of the
London Stock Exchange Ltd in London and on the Frankfurt Exchange. It is also traded on the PLUS
Markets platform. The company is focused on mining investment and on exploration of areas of
nickel and copper potential in Western Australia, Queensland, and Papua New Guinea.
The company's mission is to add value by systematic exploration and development of these assets,
and by joint venture, acquisition, and disposal of mineral resource interests.

Oracle Coalfields plc