Oracle Commodity Holding Clarifies Terms of Amended Coal Royalty Amendments

Oracle Commodity Holding Clarifies Terms of Amended

Coal Royalty Amendments

Vancouver, British Columbia, November 19, 2025 - Oracle Commodity Holding Corp.

(“Oracle Commodity Holding” or the “Company”) (TSX-V: ORCL; OTCQB: ORLCF) announces

clarifications to certain disclosure regarding the amended and restated net smelter return (“NSR”)

royalty agreements (the “ Amended Agreement ”) with Silver Elephant Mining Corp. (“ Silver

Elephant”) dated August 26, 2025, previously announced on August 29, 2025. This clarification

is being provided at the request of the TSX Venture Exchange.

Under the Amended Agreement, Oracle Commodity Holding and Silver Elephant agreed that the

coal royalty payable from Silver Elephant’s Mongolian coal projects to Oracle Commodity Holding

is the greater of US$2 per tonne or 3% of NSR, calculated based on the average spot sales price

of coal.

For clarity, the previous 5% NSR royalty under the original royalty agreement dated April 5, 2024,

was calculated on an actual sales-price basis, including discounts. The Amended Agreement

therefore replaces the 5% NSR royalty with a 3% NSR royalty based on the average spot price,

aligning the royalty with market conventions and simplifying the pricing methodology without

materially altering its economic effect.

Silver Elephant continues to guarantee the payment of coal royalties on behalf of its Mongolian

subsidiaries, which are the royalty payors.

Related Party Disclosure

Silver Elephant is a control person of Oracle Commodity Holding. As such, the amended and

restated royalty agreements constitute “related party transactions” under Multilateral Instrument

61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Oracle

Commodity Holding relied on available exemptions from the formal requirements under MI 61-

101 in respect of the amended and restated royalty agreements.

About Oracle Commodity Holding Corp.

Oracle Commodity Holding Corp. is a mining royalty company holding royalties on several

precious metal and critical mineral mining projects.

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

ORACLE COMMODITY HOLDING CORP.

ON BEHALF OF THE BOARD

“Jason Powell”

CEO

For more information about Oracle Commodity Holding, please contact:

Phone: 1.877.664.2535

Email: [email protected]

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.