CCM Research Issues Update Report on Oracle Energy Corp.

TORONTO, ONTARIO (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, "A successful, commercially viable energy find on any of its properties (several of which have ongoing activity and are expected to begin active drilling operations in the near term) would likely result in a substantial increase in share price and a return on investment significantly greater than general market indices."

The analyst continues, "Oracle Energy has several funded projects that have the potential for generating revenue within the next 60-90 days."

Regarding reserves, the analyst notes: "Both of Oracle's upcoming drilling projects have had some previous drilling activity with either an indication of oil or natural gas or actual production."

A free copy of the report can be found at: http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_Update%20Report_May%2030%2C%202008.pdf

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