BMG Resources Limited (BMG) announced that it has signed a legally binding Heads of Agreement to acquire all of the shares in Oracle Mining Limited (Oracle) (the Acquisition) from existing Oracle shareholders in consideration for the issue of fully paid shares in BMG equal to approximately 37% of the total issued shares in BMG after completion of the Acquisition and associated $4 million Capital Raising. John Prineas and John Dawson being appointed to the Board of BMG, and Malcolm Castle and Simon Trevisan resigning as Directors of BMG.