Oracle Coalfields plc

May 22, 2009 09:02 ET

Statement re Resignation of a Director


                                       Oracle Coalfields PLC
Oracle Coalfields Plc - Resignation of Director

Oracle  Coalfields Plc ("Oracle" or "the Company") announces the resignation of Mr. Conrad Windham
from the Board with immediate effect so that he may devote more time to other projects that he  is
involved  with. Mr Windham has agreed a 12-month lock-in on his entire shareholding  of  5,020,000
ordinary shares and 6,000,000 warrants.

Following  this resignation the Directors are interested in a total of 29,638,291 ordinary  shares
which represents 24.22% of the issued share capital of 122,359,668 ordinary shares.

Shahrukh Khan, Chairman, Oracle Coalfields PLC commented:

"I  would like to extend my sincere thanks to Conrad for his involvement as a director with Oracle
Coalfields  since the Company's formation almost three years ago. Conrad has played  an  effective
role since the Company's inception, and the Company is grateful for all his contribution."


The Directors of the issuer accept responsibility for this announcement.


Oracle Coalfields PLC
Shahrukh Khan, Chairman
Telephone: +44 (0) 1366500722

St Helen's Capital plc
Barry Hocken
Telephone: 020 7628 5582

Lothbury Financial
Michael Padley, Ron Marshman
Telephone: 020 7011 9411


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).

Oracle's  flagship  project  is the Block VI coal project located on the  Thar  coalfield  in  the
eastern  Sindh province, Pakistan. Block VI hosts a JORC-compliant resource of 1.4 billion  tonnes
of which 371 million tonnes are in the proven category.

The  Company  also  owns  the Indus East coal project in Pakistan where  a  pre-feasibility  study
carried  out  by Dargo Associates has confirmed a JORC-compliant inferred resource of 365  million

Contact Information

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