File: Attachment OECNRJUL272026.pdf

ORACLE TO ACQUIRE INTERESTS IN POLYMETALLIC COPPER-NICKEL- COBALT PROPERTIES IN NAMIBIA AND ANGOLA, SOUTHERN AFRICA

VANCOUVER, BC, JULY 27, 2026 Oracle Energy Corp. (the "Company" or "Oracle") (TSXV: OEC.H) is pleased to announce that it has entered into an arm's length share exchange agreement dated July 21, 2026 to acquire, for 12,800,000 common shares, subject to TSX Venture Exchange ("TSXV") approval, 100% of the shares of Chalkos Copper Corp. ("Chalkos"), a private company which has the right to acquire: a) up to a 90% interest in a highly prospective copper-nickel-cobalt property in Namibia, the subject of an exclusive prospecting license termed EPL 10173, and a 100% interest in two underlying mining claims (the "Mining Claims") within EPL 10173 boundaries ( EPL 10173 and the Mining Claims collectively referred to as the "Frampton Property") covering 197 km2 located in the Kunene Province of Namibia; and b) up to a 75% interest in another prospective copper license No. 043/07/06/T.P/ANG-MIREMPET/2023 designated MOXICO LESTE ("License No.043/07/06/T.P/ANG-MIREMPET/2023" or the "Sofricangol Property") measuring 8,164 km2 located in Moxico Province of Northeastern Angola within the vicinity and on trend with large copper deposits of Western DRC and Northwest Zambia.

ABOUT THE PROPERTIES

The arm's length private British Columbia company Chalkos has signed an arm's length option agreement dated August 21, 2025, with Frampton Investment CC (the "Frampton Option Agreement") regarding EPL 10173 located in Opuwo Magisterial District, Kunene Region, near the south-western border of Angola and has entered into an arm's length purchase agreement dated January 7, 2026, with Frampton Investment CC ("Frampton") for the Mining Claims (the "Mining Claims Purchase Agreement"). Chalkos separately signed a binding arm's length joint venture preliminary agreement with Sofricangol LDA dated 18 February 2026, (the "Sofricangol Joint Venture Agreement") regarding License No. 043/07/06/T.P/ANG-MIREMPET/2023, located in Lovua Zambeze municipality, Moxico Leste province of Angola.

The Frampton Property

The Frampton Property is situated within the Kunene region of Namibia, a geologically significant region known for its high mineral potential. Since 2024, Anglo American obtained exploration rights over large parts of the Cunene province across the border in Angola. Located between the Zebra mountains in the east and the Baynes mountains in the west, the area including EPL 10173 lies within the approximately 1.3-billion-year-old Kunene anorthosite-troctolite metamorphic complex (Kunene Complex), the largest such complex known in the World. The Kunene Complex occurs in northern Namibia (approximately 10%) and southern Angola (approximately 90%). Key geological units include Mesoproterozoic basement rocks (Leucogranites, Metagabbros), Neoproterozoic dolomites, and Quaternary surficial deposits. The Kunene Complex is prospective for nickel due to analogies with the Nain plutonic suite of Labrador that hosts the Voisey's Bay Ni-Cu deposit. The Complex was briefly targeted for Ni-Cu exploration by Anglo American from 1998 until late 2003 and remains prospective for base metals (Ni-Co-Cu), with mineralization controlled by shear zones. Numerous copper-nickel showings have been identified on the Frampton property. A main showing strikes for 2Km displaying solid mineralization and parallel structures. An initial assay of a rock sample by Vendor returned high grade copper and cobalt. During the due diligence period, Chalkos resampled the north pit showing, the small central pit and the southern showing, returning high grade copper with nickel credits:

dot Vendor Assay rock sample PT74216-01: 12%Cu, 0.15%Co dot Chalkos E0009252 rock sample 5.68%Cu dot Chalkos E0009253 rock sample 3.11%Cu

Figure 1: Map showing EPL 10173 within the Kunene anorthosite-troctolite metamorphic complex (Kunene Complex), the largest such complex known in the World. Namibia is serviced via a network of sealed highways connecting Opuwo (~180km away) with Windhoek (Capital City), in the central plateau region of Namibia, with the coast (port) at Walvis Bay. Generally unsealed, but well maintained, access roads provide regional access throughout Namibia including Kunene region. Power is available via local extensions to an extensive regional electricity grid originating in South Africa.

The Sofricangol Property

The Sofricangol Property is located within the Moxico Leste province of Northeastern Angola at the DRC-Zambia-Angola tri-border about 150Km SW of the Kamoa-Kakula copper mine complex in DRC Congo. The Property is situated approximately 10Km west of the main inferred Lufilian Arc Copperbelt trend coming into Angola and targets the Western Forelands copper play, one of the highest-grade sediment hosted copper districts in the world and only partially explored. Foreland basins are large, elongated sedimentary basins that form adjacent to mountain belts due to the immense weight of the mountains causing the Earth's lithosphere to flex downward. The Western Forelands of the Lufilian Arc of the DRC-Zambia Copperbelt as confirmed Ivanhoe Mine Ltd.'s discoveries at Kamoa-Kakula, Makoko, Kitoko deposits consist of a thick sedimentary succession, strong seals, and abundant redox fronts hosting copper mineralization. A similar geological model is construed to extend into the Moxico Province of Angola, where all elements of a forelands sedimentary copper system are present. Within the Sofricangol license the geology includes highly faulted and fractured Precambrian gneiss rocks of the Grupo Superior Archean to Paleoproterozoic age (roughly 2.5 2.0 billion years old), these are overlain by the Mesoproterozoic (~1.4 1.0 Ga) Kibaran formation metasediments (shales, sandstones, quartzites), volcanics, and Grupo Kalahari sedimentary succession of red sandstones and shales. There is over 1,000Km of mapped contact line between the basement rocks and the Grupo Kalahari and underlying Kibaran where it is present. The vendor has sampled many oxide copper showings throughout the large concession that have return high-grade assays. The main Lobito corridor railway transporting copper from Kamoa-Kakula to the Port of Lobito on Angola's Atlantic coast passes near the property while the railway spur planned to link the Solwezi mining district to the main Lobito corridor will pass through the property. Our immediate neighbors to the Sofricangol Property are Ivanhoe Mines Ltd. and Anglo American Corporation. Sofricangol Moxico Leste DRC Congo Concession 8,164 Km2

Sofricangol Ivanhoe Mines Zambia Anglo American

Anglo American

Figure 2: Map showing Sofricangol License No. 043/07/06/T.P/ANG-MIREMPET/2023 just west and on trend with the Western Forelands of the Lufilian Copperbelt of DRC-Zambia and surrounding licenses held by major mining houses; Ivanhoe Mines Ltd., and Anglo American Corporation and Rio Tinto.

TERMS OF THE UNDERLYING OPTION AGREEMENTS

Frampton Property Option and Mining Claims Terms:

Oracle has acquired, pursuant to the executed Frampton Option Agreement, the right to acquire an initial 75% interest in EPL 10173 (the "Initial Frampton Option") by making cash payments totaling US$150,000 over a two year period, causing the issuance to Frampton of US$150,000 of shares of Oracle over the same time period and completing exploration expenditures of US$1 million over 3 years. Pursuant to the terms of the Frampton Option Agreement it is contemplated that the rights of Chalkos will be acquired by a publicly listed company and that upon such acquisition the parties will work diligently to enter into a definitive agreement which is to supersede the Frampton Option Agreement (the "Definitive Agreement"). Terms of the Initial Frampton Option are summarized as follows:

dot pay to Frampton US$25,000 as a deposit payment at end of evaluation period (which has been paid); dot pay to Frampton a second payment of US$25,000 at end of 60 days following signing of the Definitive Agreement;

dot pay to Frampton a third payment of US$50,000 twelve (12) months following the second payment (the "Third Payment");

dot pay to Frampton a fourth payment of US$50,000 twelve (12) months following the Third Payment (the "Fourth Payment"); and

dot cause to be issued to Frampton in addition to the payments referred to above, US$150,000 (one hundred fifty thousand US dollars) worth of Oracle shares to be issued at a price equal to or the greater of $0.05 and the ten day VWAP prior to issuance in accordance with the following schedule:

i. US$75,000 worth of Oracle shares along with the Third Payment;

ii. US$75,000 worth of Oracle shares along with the Fourth Payment; and

dot complete US$1,000,000 of exploration expenditures on EPL 10173 by August 20, 2028.

In accordance with the terms of the Frampton Option Agreement provided Oracle exercises the Initial Frampton Option it shall have the right to earn an additional 15% interest in EPL 10173 (the "Second Frampton Option") to bring its interest to a 90% interest in EPL 10173 by expending such additional expenditures necessary to produce a feasibility study for EPL 1017 and pay to Frampton the following:

a) US$7 million if independent JORC or NI-43-101 Mineral Resource Evaluation (the "Mineral Resource Evaluation or MRE") prior to publication of a feasibility study confirms a deposit with reserves measuring 50 Mt@2%Cu (fifty million metric tons and grading on average 2%Cu);

b) a price to be negotiated between FRAMPTON and Privco in the event that the reserves of a deposit demonstrate a size and grade greater than 50Mt@2%Cu.

Upon Oracle exercising the Initial Frampton Option but failing to exercise the Second Frampton Option Oracle and Frampton will enter into a joint venture relationship with Oracle having a 75% joint venture interest and Frampton having a 25% joint venture interest or in the event that Oracle exercises the Second Frampton Option the parties will enter into a joint venture agreement with Oracle having a 90% joint venture interest and Frampton having a 10 % joint venture interest. Oracle shall, as the case may be, have a right of first refusal to purchase the residual 25% interest or the 10% residual interest held by Frampton.

Pursuant to an agreement between Frampton and Chalkos dated January 7, 2026, Frampton, as trustee for Chalkos, has acquired 100% of the rights to mining claims 74211and 74216 from an Angolan individual for consideration of US$50,000 of which US$25,000 has been paid. Each of the 17.43 hectare Mining Claims, which have terms until September 30, 2027, are within the boundary of EPL 10173 and the trust agreement with Frampton has been entered into because of the need for mining claims in Angiola to be held by an Angolan entity.

Sofricangol Property Joint Venture Terms:

Chalkos has acquired, pursuant to the binding preliminary Sofricangol Joint Venture Agreement, which is to be superseded by good faith negotiations for a final definitive agreement (the "Definitive Joint Venture Agreement"), the right to acquire up to an initial 65% interest in the Sofricangol Property under the following terms:

dot pay to Sofricangol US$300,000 as reimbursement of previous Sofricangol project costs (the "Sofricangol Refunds") as follows: dot pay to Sofricangol up to US$300,000 as reimbursement costs (the "Reimbursement Costs") based on a schedule to be agreed and included in the Definitive Joint Venture Agreement.

dot any refund amounts above beyond US$300,000 will only be reimbursed after a commercial mineral deposit is confirmed on the Property.

dot expend five million dollars US (US$ 5,000,000) during the initial 5-years of the joint venture. lf Chalkos spends less than US$5,000,000 during the initial 5-year period its interest shall be pro- rated against the 65% interest.

Upon Chalkos earning its interest the parties will form a joint venture relationship for the further development of the Sofricangol Property and provided in Chalkos exercises its right to earn the full initial interest of 65% (the "Initial Interest") under the Sofricangol Joint Venture Agreement, it shall have the right to earn an additional 10% interest in the Sofricangol Property (the "Second Interest") to bring its interest to a 75% interest in the Sofricangol Property by expending sufficient funds to produce a feasibility study and paying to Sofricangol US$7 million, regardless of size and grade of resources so discovered on the Property. Any funds expended by Chalkos in excess of that required to produce a feasibility study shall be reimbursed after commercial production.

No shares are due for issuance under the Sofricangol Joint Venture Agreement.

Upon Oracle acquiring the Initial Interest but failing to exercise the Second Phase Acquisition Oracle and Sofricangol will enter into a joint venture relationship with Oracle having a 65% joint venture interest and Sofricangol having a 35% joint venture interest or in the event that Oracle exercises the Second Phase Option the parties will enter into a joint venture agreement with Oracle having a 75% joint venture interest and Sofricangol having a 25 % joint venture interest. Oracle will be operator and will be responsible for financing all work programs and budgets. Oracle shall, as the case may be, have a right of first refusal to purchase the residual 35% interest or the 25% residual interest held by Sofricangol.

Pursuant to an arm's length consulting agreement dated February 20, 2026 between Chalkos and White Sands Investments CC ("White Sands") in consideration of White Sands having arranged the introduction of Sofricangol to Chalkos White Sands is to be paid, subject to regulatory approval, a fee of US$50,000 payable as to cash of US$25,000 and US$25,000 worth of shares of Oracle, such fee to be issued in accordance with applicable regulatory policies and to be issued in conjunction with and consistent with the timing that the Reimbursement Costs are made to Sofricangol.

Management believes the acquisition of Chalkos with its underlying rights to acquire property interests from Frampton and Sofricangol represents a significant milestone for the Company. These acquisitions reposition the company as a mineral exploration and development company with a deep pipeline of acquisitions in Southern Africa. The consideration to be paid by Oracle for the acquisition of Chalkos reflects management's view of the value that the assets of Chalkos based on market conditions and price paid on similar copper exploration properties in the region by peer group companies, at same stage of exploration, and global strategic value of commodities under consideration. Management views the consideration being paid for Chalkos as being fair based on technical due diligence on the Chalkos assets since they were acquired by Chalkos which has assisted in de-risking the exploration potential of the various properties by having demonstrated the presence of mineral showings that have returned high grade copper and nickel credits.

CEO Loren Currie stated: "These copper exploration assets are located in compelling exploration districts and hold the promise for potential world-class discoveries. Holding a top position next to Anglo-American and Ivanhoe Mines Ltd. in the hotly contested and sought after Western Forelands district is a significant accomplishment for a company our size. On the global stage copper demand is growing at more than 4.5% CAGR and will reach a market size over US$360B by 2030. We foresee huge challenges to meet copper demand in the medium to long term which will drive copper prices up and render any copper resources such as those that we hope to discover on EPL 10173 and the Moxico Leste project significantly valuable".

QUALIFIED PERSON

Nico Scholtz is an independent consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mr. Scholtz is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz is the Company's "Qualified Person" as defined by NI 43-101.

ABOUT ORACLE ENERGY CORP.

Oracle Energy Corp. is classified an oil and gas development company on the NEX Board of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS OF ORACLE ENERGY CORP.

"Loren Currie" Loren Currie CEO & Director

info@oracleenergy.com 604-757-9792

Website: www.oracleenergy.com

"Neither the 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." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward- looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.