Oracle Energy : EXTENDS FINANCING

ORACLE EXTENDS FINANCING

Vancouver, British Columbia - August 12, 2021. Oracle Energy Corp. (NEX: OEC.H, FRA: O2EM, OTC: OECCF) ("Oracle" or the "Company") Further to its June 28, 2021 news release, the Company announces that it is extending its non-brokered private placement financing (the "Financing") for an additional 30 days, to September 10, 2021.

The Company is offering units of the Company (the "Units"), at a price of $0.10 per Unit, for aggregate gross proceeds of up to $1 million, with each Unit being comprised of 1 common share of the Company and one half (1/2) of a common share purchase warrant (the "Warrants"), with each full Warrant being exercisable for an additional common share of the Company at $0.15 for 12 months.

In connection with the Financing the Company may pay finders fees in accordance with the policies of the NEX Board of the TSX Venture Exchange.

All securities issued pursuant to the Financing will be subject to a 4 month hold period.

The issuance of the Units and payment of any finder's fees are subject to the receipt of all regulatory approvals.

ON BEHALF OF THE BOARD OF DIRECTORS.

Loren Currie, Director

About Oracle Energy Corp.

Oracle Energy Corp. (NEX: OEC.H, FRA: O2EM, OTC: OECCF) is classified an oil and gas development company on the TSX Venture Exchange.

For further information, please contact:

Loren Currie

Director

Phone: 604-558-0976

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward- looking statements in this release are made pursuant to the 'safe harbour' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.