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Except for historical information contained herein, this presentation may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Oracle Mining Corp. (the “Corporation”) does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Corporation‘s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Corporation’s interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The historical resource estimates presented herein were completed prior to the implementation of the NI 43-101 requirements. Hence, the historical estimates should not be relied upon.

Forward-looking Statements

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Near-Term Low Cost Producer

• Currently focused on bringing 100% owned Oracle Ridge Copper Mine (Tucson, Arizona) into production by early 2013

– Past producer in the mid 90’s

– Progressing permitting: APP (received July 26, 2011), Storm Water, Air Quality

• Modest capital expenditure required to bring mine back into production ($80 to $100 million)

– Planned throughput of 2,000 tons per day (underground mining)

• Exceptional management team with 150+ years of combined experience in the mining, commodity and finance industries

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• Trading symbol: TSXV-OMN

• Cash on hand: US $13.1million1

• Share price: $1.152

• Shares outstanding: 31,434,070

• F.D. shares outstanding: 34,463,070

• Market capitalization: $36 million2

• Directors and Officers: 25.7%

• Minimal obligations/property payments

Share Structure

1. As of September 30, 2011

2. As of December 3, 2011

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Near-Term Production with Minimal Capital Expenditures

• Developed underground mine in excellent condition

– 11 miles of developed tunnels from previous operator

– Estimated cost of $45-50 million

• Modest capital expenditures required to bring mine back into production

– Estimated $80 to $100 million

– Planned throughput of 2,000 tons per day

• Expandable project containing numerous unexplored zones

– Data base of 500+ drill holes with 163,000 feet of surface and underground exploration drilling

Oracle Ridge Copper Mine

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Adit and Ramp Locations

Mill Site

Oracle Ridge Mine North View

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High Grade Scalable Resource

• Large historic reserve base (2P) of 8.8 million tons (US SEC definitions, not NI 43-101 compliant)

• Average grade of 2.3% Copper with a 10% zero-grade dilution factor applied

• Historic recovery of 90% Copper

• Historic concentrate grade of 30% Copper

• Significant silver and gold by-product potential

– ~3,000 oz gold and ~400,000 oz silver production based on historical grades

• Possible additional iron concentrate product

Oracle Ridge Copper Mine

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Oracle Ridge Copper Mine

1. The reader is cautioned that Oracle Mining Corp. has not verified the above-mentioned historical resources under National Instrument 43-101 reporting standards. Oracle Mining Corp. has not independently analyzed the results of the previous exploration therefore the historical results should not be relied upon. No allowance is made for dilution, mine loss or pillars and gold and silver grades were not estimated. Resource estimates prepared under reporting codes other than National Instrument 43-101 should not be relied upon to conform to current standards and definitions. Oracle Mining believes, however, that the historical resource estimates reported above are material and should be disclosed. Oracle Mining Corp. believes these historical results provide an indication of the potential of the property and are relevant to future exploration. There are significant by-product credits for Au and Ag, although head grades remain unknown. Glenn R. Clark, P.Eng. of Glenn R. Clark & Associates Limited, a consultant for Oracle Mining Corp., and a Qualified Person under NI 43-101, has reviewed this information and is responsible for the technical information reported herein.

Tons

(millions)

Copper

(%)

Copper

(millions lbs)

Proven & Probable 8.14 2.33 379

Possible 16.57 2.33 772

Total Reserves 24.71 2.33 1,151

Historic Resources (January 1995)1

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Historic Copper Mineralization Zones

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Excellent Location and Infrastructure

• Low environmental risk - Non-acid-generating tailings

• Stable mining jurisdiction - Arizona is the 5th largest copper producer in the world

• Excellent accessibility and infrastructure including road access and water

• Operations are on private land

• Existing site prepared for mill and related facilities

Oracle Ridge Copper Mine

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Located 24 km northeast of Tucson in the Santa Catalina Mountains

May 2011 Initial Drill Results

Hole From (feet) To (feet) Interval %Cu %Fe Ag oz/ton Zone 2011-016 180 250 70 2.53 16.17 0.54 4 Extension

includes 220 240 20 4.62 30.30 1.05 and 347 384.5 37.5 2.24 17.21 0.54 1 & 2

includes 367 372 5 5.36 22.96 1.26 2011-039 553 603 50 2.44 16.18 0.55 4

includes 558 563 5 7.9 9.12 0.69 2011-043 248 278 30 1.3 17.3 0.45 3

and 298 308 10 2.15 10.43 0.83 2011-051 298 305 7 1.94 6.61 0.43 1 & 2

and 346 371 25 4.63 12.96 1.25 includes 351 361 10 7.75 14.39 2.07 and 439 471 32 1.69 8.39 0.46 includes 459 468 9 3.35 16.04 1.00 and 518 555.5 37.5 1.69 5.42 0.65 and 582 617 35 1.75 10.63 0.37 2011-071 573 596.5 23.5 1.8 1.24 0.44 1 & 2

and 620.5 655.5 35 2 8.4 0.54 includes 648 655.5 7.5 3.7 11.84 1.08 and 718 738 20 1.62 9.09 0.38 and 768 803 35 1.86 6.82 0.54 and 843 863 20 2.83 12.57 0.48 includes 853 858 5 4.53 14.45 0.51 2011-74 Low Grade 5 2011-130 791 806 15 2.39 7.62 0.47 12 2011-135 723 728 5 1.31 2.58 0.49 5

and 748 753 5 1.22 2.13 0.69

The technical information in this presentation has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Glenn R. Clark, P.Eng. of Glenn R. Clark & Associates Limited, a consultant for Oracle Mining Corp., Qualified Person under NI 43-101, is responsible for the technical information reported herein.

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Drill Hole From (feet) To (feet) Interval (feet) Cu (%) Au (opt) Ag (opt) Fe (%) Zone Formation

ODH001 829 837.5 8.5 1.11 0.000 0.100 3.74

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Martin

And 853 863 10.0 2.09 0.001 0.385 8.60

Abrigo And 883 898 15.0 2.08 0.011 0.830 7.39

Includes 888 898 10.0 2.51 0.013 1.085 8.23

ODH002 209.5 224 14.5 1.41 0.007 0.414 9.77

2 Martin And 263 283 20.0 1.94 0.006 0.591 4.24

Includes 263 273 10.0 2.77 0.009 0.930 1.74

And 315 335 20.0 1.27 0.004 0.355 4.96

1

Abrigo

And 352 398.5 46.5 1.51 0.005 0.308 10.59 Abrigo

Includes 362 391 29.0 1.79 0.004 0.261 13.04

ODH003 389.5 398 8.5 3.48 0.012 0.791 6.33 New Zone Escabrosa

And 468 503 35.0 1.22 0.004 0.279 7.83 4 Extension Escabrosa

And 624 634 10.0 1.73 0.007 0.230 9.69 2 Extension Martin

ODH004 986 994.5 8.5 1.61 0.009 0.375 13.96 8 Martin

And 1086 1106 20.0 1.28 0.009 0.520 7.52 8 Extension Abrigo

ODH005 1038.5 1048 9.5 2.18 0.005 0.442 11.45 12 Extension Martin

and 1176 1216 40 1.59 0.008 0.369 7.27 8 Abrigo

includes 1181 1206 25 2.08 0.009 0.494 8.72

and 1286 1315 29 1.76 0.002 0.383 15.47 8 Abrigo

includes 1301 1315 14 2.67 0.001 0.687 17.19

ODH006 306 316 10.0 2.06 0.005 0.495 9.38 New Zone Escabrosa

And 360 373.5 13.5 1.35 0.007 0.259 15.15

4 Extension Martin And 392 426 34.0 2.58 0.012 0.608 17.54

Includes 397 421 24.0 3.09 0.015 0.800 18.56

ODH007 247.5 262 14.5 1.59 0.004 0.39 13.88 New Zone Escabrosa

And 306 355 49.0 2.66 0.010 0.70 15.76 4 Extension Martin

Includes 325 355 30.0 3.45 0.015 0.99 18.84

ODH008 461 471 10.0 2.23 0.000 0.665 1.87 2 Martin

And 556 571 15.0 1.86 0.008 0.547 10.35

And 611 626 15.0 1.93 0.009 0.753 3.82

1 Abrigo Includes 611 621 10.0 2.35 0.011 0.930 4.01

And 658 703 45.0 2.32 0.004 0.557 9.91

Includes 668 703 35.0 2.70 0.004 0.619 11.34

ODH0010 618 633 15 1.74 0.011 0.373 12.75 4 Extension Escabrosa

ODH011 525 565 40.0 1.94 0.010 0.395 17.09 4 Extension Escabrosa

Includes 525 540 15.0 3.19 0.015 0.633 24.35

October 2011 Drill Results

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Near-term Objectives

Estimated Production by H1/2013

• Validate the existing data base by Q4/2011 - Three surface drills have been mobilized - Confirmation drilling began in Q1/2011

• Produce a NI 43-101 compliant resource study by Q2/2012

• Conduct an engineering and design study to secure permits for mine construction in early 2012

• Permits required: APP (received July 26, 2011), Storm Water, Air Quality

• Plant Commissioning by H1/2013

• Goal of producing from 2,000 tons per day throughput by end of H1/2013

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Current Work Program

• Three drill rigs on site working to validate historic data base

• Engineering, design, and costing studies underway at a +/-15% feasibility level

• Environmental and permitting work commenced in December 2010

• Underground exploration drilling on track to begin Q4/2011

• Expect initial copper concentrate production by the end of H1/2013

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Paul Eagland – Interim CEO

• Paul is a merchant banker with 25+ years of experience in mining and transaction finance

Gregory K. Liller – Director

• Greg received his Bachelors in Geology from Western State College, Gunnison, Colorado in 1977 and has 33+ years of experience in mineral exploration and mine development

• He has played a key role in turning seven projects into producing mines for companies including Gammon Lake, MexGold, Santa Cruz, and Great Lakes

Mark Forsyth – Director

• Mark has spent 25 years working in commodity trading houses including Head Trader at Marc Rich & Co. Investment AG for seven years, senior trader at Trafigura Group, and Pechiney World Trade

• Mark is based in Zug, Switzerland and at the end of 2010 formed his own consultancy company, Cliveden AG

Board of Directors

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Alan Edwards– Director

• Alan holds a BSc (Mining Engineering) and MBA from the University of Arizona and has 30 years of diverse mining industry experience gained from various management and technical positions

• His previous roles include, Senior VP Operations of P.T. Freeport Indonesia, Executive VP and COO of Apex Silver Mines Corporation, VP of Operations of Kinross Gold Corporation and served in various positions at Phelps Dodge Corporation.

Derek Price – Director

• Derek has held various Vice President, Finance and CFO roles at several publicly traded mining companies including Thompson Creek Metals Company Inc., Glencairn Gold Corporation, Wheaton River Minerals Ltd., Granges Inc. and Cominco Ltd.

• He holds an MBA from Griffith University in Australia, a Bachelor of Mathematics from the University of Waterloo in Canada and is a member of both the Canadian and Australian Institutes of Chartered Accountants

Michel Tardif – Director

• Michel was formerly a financial analyst for brokerage firms in Montreal

• He currently is an investor involved in senior financial ventures

Board of Directors

Carlos Escribano – Chief Financial Officer

• Carlos is a Certified General Accountant (University of British Columbia) and has held several senior level accounting and financial reporting positions with publicly listed companies in the mining industry

• His experience includes financial and strategic management, debt and equity financing, regulatory compliance, internal controls, budgeting and transitioning to IFRS

Victor Rozon – VP Operations

• Vic is a graduate of Haileybury School of Mines with more than 25 years experience in the mining industry having held numerous senior management positions domestically and internationally

• He has an extensive background in metallurgy, plant design, feasibility studies, construction and operations and joined Oracle Mining in February 2008 to provide metallurgical and operational assistance

Bruce Riederer – Oracle Ridge Project Manager

• Bruce is a graduate of the University of Arizona and has more than 30 years of experience in the permitting, exploration and development of metal mines

Management

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Summary

• Near term copper production and cash flow H1/2013

• Modest capital expenditures to re-start Oracle Ridge are estimated at $80 million

• Existing underground development from previous operator

• Stable mining jurisdiction

• Tight share structure that provides currency to maximize shareholder value and conduct future transactions

– Management and officers control 25.7% of outstanding shares

• Minimal long term debt

• Cash on hand: US$13.1 million1

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1. As of September 30, 2011

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Appendix

Copper Skarn Bodies

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Skarn Beds B 1, 2 & 4

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www.oracleminingcorp.com

TSXV: OMN OTCQX: OMCCF Alex Langer Suite 1550 – 666 Burrard Street Vancouver, BC V6C 2X8 E: alanger@oracleminingcorp.com T: +1-604-689-9293

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