Oracle Energy Corp.
TSX VENTURE : OCL
PINK SHEETS : OECPF

Oracle Energy Corp.

April 29, 2008 12:05 ET

CCM Research Issues Research Note on Oracle Energy Corp.

TORONTO, ONTARIO--(Marketwire - April 29, 2008) - CCM Research analyst, Walt Spaude, CFA, has written a research note on Oracle Energy Corp. due to recent developments in its Zapata County, Texas drilling operations.

Oracle Energy Corp. (TSX VENTURE:OCL) (PINK SHEETS:OECPF) is an international company engaged in the development and exploration of oil and gas. Oracle has an 18.75% interest in 640 acres of Zapata County, Texas. The Company also has a 20% interest in 6 previously producing oil and gas concessions in Romania. New project acquisitions are also actively being pursued and evaluated in Honduras, Central America and elsewhere.

In the report the analyst states, "Oracle Energy (OCL.V) has announced that it has been notified by the majority interest project operator, Ventum Oil & Gas LLC, that drilling operations on the J. Vela #1 well began on April 15, 2008. This announcement should be considered very positive news since the Texas drilling operation is a significant near-term share price determinant. Given that preliminary drilling results should be available sometime in May, favorable results should have a positive impact on near-term share price."

A free copy of the report can be found at: http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_ResearchNote_April292008.pdf.

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $40,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including: share illiquidity, lack of credibility, and stagnant market capitalization.

Cronus Capital Markets® (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE.

The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.

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