ORCL.V · 2024-10-07 12:00:00

Oracle Commodity Holding Appoints Chief Legal Officer

Management Changes

Vancouver, British Columbia, October 7, 2024 – Oracle Commodity Holding Corp. (“Oracle”

or the “Company”) (TSX-V:ORCL; OTCQB:ORLCF) is pleased to announce the appointment of

Alex Bayer as its Chief Legal Officer, to lead all legal matters for the Company, effective as of

October 2, 2024.

Alex is a seasoned corporate securities lawyer with over 15 years of experience, specializing in

the mining sector. He has extensive expertise in advising mining companies on a wide range of

matters, including public and private financings, mergers and acquisitions, regulatory compliance,

and corporate governance. Known for a deep understa nding of securities laws and the unique

challenges of the mining industry, Alex has success fully guided companies through complex

transactions and strategic initiatives, including d rafting and navigating through complex royalty

agreements, while ensuring legal and regulatory requirements are met.

The Company further announces that its board of dir ectors has approved the grant of incentive

stock options (the "Options ") to Mr. Bayer to acquire a total of 200,000 commo n shares in the

capital of the Company at an exercise price of $0.085. All Options were granted pursuant to the

Company's 10% rolling stock option plan (the "Plan ") and are subject to the terms of the Plan, the

applicable grant agreements and the requirements of the TSX-V. The Options are exercisable

for a five-year term expiring October 2, 2029. The Options will vest at 12.5% per quarter for the

first two years following the grant date starting on January 2, 2025.

Mr. Bayer has agreed to accrue $625 of his monthly consulting fee, which accrual shall convert

into common shares of the Company at a deemed price equal to the Maximum Discounted Market

Price (as such term is defined in Policy 1.1 of the TSX Venture Exchange), up to a maximum

discount of 25% (the “ Conversion ”). The Company shall have the option to pay any a ccrued

amounts in cash at its sole discretion. The Conver sion is subject to TSX Venture Exchange

Approval.

Mr. Bayer’s engagement as Chief Legal Officer is th rough his consulting company, Bayer Law

Corporation.

The Company also appoints Sara Knappe as Corporate Secretary to replace Ms. Marion

McGrath. The Company would like to thank Ms. McGrath for her valuable contributions during her

tenure with the Company.

About Oracle Commodity Holding Corp.

Oracle Commodity Holding Corp. is a mining royalty company spun out from Silver Elephant

Mining Corp. (TSX: ELEF) in 2022.

Further information on Oracle Commodity can be found at www.oracleholding.com .

ORACLE COMMODITY HOLDING CORP.

ON BEHALF OF THE BOARD

“Anthony Garson”

CEO

For more information about Oracle, please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.