Oracle Coalfields plc
LSE : ORCP

August 04, 2008 02:30 ET

World Bank Roundtable

                                                                                        04/08/2008
                                                                         GB00B23JN426/GBP/PLUS-exn


                                         ORACLE COALFIELDS
                                    ("Oracle" or "the Company")

                                       World Bank Roundtable

Oracle Coalfields Plc (PLUS: ORCP) the coal explorer and developer in Pakistan, is pleased to give
the  following update. At an operational level the Company is in the final stages of outlining the
strategic  programme  for  its  Block VI property of the Thar  Coalfield  and  expects  to  update
investors by the end of the third quarter.

On 28th and 29th July the CEO of Oracle Coalfields, Mr. Shahrukh Khan, was invited to take part at
a  World Bank and International Finance Corporation Investor Roundtable on Pakistan's Power Sector
in  Washington  D.C, USA. The roundtable discussion was instigated to develop Pakistan's  strategy
for  power  generation.   Mr.  Khan  presented Oracle Coalfields  and  its  plan  for  the  future
development of Block VI, Thar Coalfield, to a high level delegation of the Government of Pakistan,
led by His Excellency Yousuf Raza Gilani, the Prime Minister of Pakistan.

Shahrukh Khan, Chief Executive Officer said:

"The  Company  had  the  privilege  to  be invited by the World  Bank  and  International  Finance
Corporation in Washington D.C. to participate in this high level meeting chaired by His Excellency
Yousuf  Raza  Gilani,  the  Prime  Minister of Pakistan and His  Excellency  the  Chief  Minister,
Government  of  Sindh, Syed Qaim Ali Shah.  The Company is pleased that the Government  and  World
Bank are addressing the issues facing the Pakistan power sector.

I look forward to outlining to investors the strategy for the development of our 1.4 billion tonne
JORC compliant measured resource at our Block VI coal project in the near future."

The Directors of the issuer accept responsibility for this announcement.


ENQUIRIES:

ORACLE COALFIELDS PLC
SHAHRUKH KHAN, CHAIRMAN
TELEPHONE: 01366 500722
EMAIL: S.KHAN@ORACLECOALFIELDS.COM

CORPORATE ADVISERS

ST HELEN'S CAPITAL PLC
BARRY HOCKEN, DIRECTOR
TELEPHONE: 020 7628 5582
EMAIL: BARRY.HOCKEN@STHELENSCAPITAL.COM

CONDUIT PR
JOS SIMSON
Telephone: 020 7429 6603

WEBSITE:

www.oraclecoalfields.com

About Oracle:

Oracle  Coalfields plc is a London-based resource exploration and development company with  an  80
per  cent  owned  subsidiary (Sindh Carbon Energy Limited) operating in  Pakistan.  The  Company's
shares are quoted on the PLUS markets (symbol: ORCP). The Company's flagship project is the  Block
VI  coal  project which is located on the Thar coalfield in the eastern Sindh province,  Pakistan.
Block VI is host to a JORC compliant resource of 1.4 billion tonnes and 371 million tonnes in  the
proven category.

The  Company also owns the Indus East project in Pakistan. A pre-feasibility study carried out  by
Dargo  associates confirmed an inferred resource for the area (in line with the JORC Code) to  365
million  tonnes, of which the boreholes KHW-1 and KHW-2 give an indicated resource of c.24 million
tonnes.

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