World Bank Roundtable

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

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

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.

Oracle Coalfields plc

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