Oracle Energy Corp. Retains Cronus Capital Markets for Strategic Consulting

(EMAILWIRE.COM, August 07, 2007 ) New York,NY -- Oracle Energy Corp. (TSX.V: OCL) (PK: OECPF) has retained CCM Consulting, a division of Cronus Capital Markets (CCM) Inc., to assist the company with information-based strategies to increase public awareness and overall liquidity.The services to be provided by CCM will include arrangement and coordination of research coverage through CCM Research, a division of Cronus Capital Markets, ongoing media coverage, web-based and live investor presentations, and distribution and dissemination of research reports. Oracle Energy Corp. will be paying $40,000 for these services over the next 12 months.There is no prior relationship between Oracle Energy Corp. and CCM, nor is there any prior direct or indirect interest in Oracle Energy Corp. or its securities, or any right to acquire such an interest, on the part of CCM. ABOUT ORACLE ENERGY CORP.Oracle Energy is an international company engaged in the development and exploration of oil and gas. Oracle has an 18.75% interest in 640 acres, Zapata County, Texas. The Company also has a 20% interest in 6 previously producing oil and gas concessions in Romania, a 20% interest in the Fiume Arrone permit, Italy and a 15% interest in the Evaluation and Promotional Agreement for Area X111, Peru. New project acquisitions are actively being negotiated on.Oracle Energy shares trade on The TSX Venture Exchange under the symbol OCL, The Pink Sheets under the symbol OECPF and they are also listed on the Frankfurt Stock Exchange under the symbol O2E. The Company’s website can be accessed at: http://www.oracleenergy.comABOUT CRONUS CAPITAL MARKETS Cronus Capital Markets (www.cronuscapitalmarkets.com), with offices in Toronto and New York, assists companies, in a wide variety of industries and emerging growth sectors, create and execute information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies; such as share illiquidity and stagnant market presence. The head office of Cronus Capital Markets is located at Suite 206, 116 Spadina Avenue, Toronto, Ontario M5V 2K6. The TSX Venture Exchange has neither approved nor disapproved the contents of the press release. SOURCE: Cronus Capital MarketsDianne RudderhamProgram DirectorT: 416-368-3700 ext 223E: Rudderham@cronuscapitalmarkets.com.### This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

Dianne Rudderham

rudderham@cronuscapitalmarkets.com