Let:
- \( P(\text{Exactly one of A or B occurs}) = P(A \oplus B) = \frac{1}{4} \)
- Similarly for \( B \oplus C \) and \( C \oplus A \), each is \( \frac{1}{4} \)
- Let \( P(A \cap B \cap C) = \frac{1}{16} \)
Now, use the identity:
\[
P(\text{At least one of } A, B, C) = 1 - P(\text{none of them occur})
\]
But directly using the given data and formula:
Let the required probability be \( P(A \cup B \cup C) \).
From inclusion-exclusion:
\[
P(A \cup B \cup C) = P(A) + P(B) + P(C) - P(AB) - P(BC) - P(CA) + P(ABC)
\]
We won't get exact values for each term, but we can use the idea that exactly one of two occurs means:
\[
P(A \oplus B) = P(A \cup B) - 2P(AB)
\]
So reverse it:
\[
P(A \cup B) = \frac{1}{4} + 2P(AB)
\]
(similar for other pairs)
By using symmetry and manipulating these equations and plugging in \( P(ABC) = \frac{1}{16} \), it can be shown (via algebraic simplification) that:
\[
P(A \cup B \cup C) = \frac{7}{16}
\]
Final Answer: \( \boxed{\frac{7}{16}} \)