Hi!
Well: I think you can do that.
You will need to create Java objects to map to each one of your Oracle tables and with their relationships. Hibernate has an ant task (cant rememeber the exact name) and theres also this class you might be interested in:
http://www.hibernate.org/hib_docs/api/net/sf/hibernate/tool/hbm2ddl/SchemaExport.html.
the key step to go from DB to DB is to change the DB dialect in you hibernate configuration file.
After changing it to MYSQL you should be able to have you DB shema in the appropiate DB dialect.
Hope it helps.