Oceanic Announces Granting of Stock Options and Restricted Share Units

Ste. 3083 – 595 Burrard Street Ste. 700– 1000 rue Sherbrooke W Montréal, QC H3A 3G4 Vancouver, BC V7X 1L3 Tel: 514 289 1183 Tel: 604 566 9080 Fax: 604 566 9081 Fax: 514 289 1188

November 25, 2014 TSX Venture Exchange: FEO OTCQX: FEOVF

PRESS RELEASE

OCEANIC ANNOUNCES GRANTING OF STOCK OPTIONS AND RESTRICTED SHARE UNITS

Vancouver, BC - Oceanic Iron Ore Corp. (“Oceanic” or the “Company”) announces that pursuant to the Company's Stock Option Plan, a total of 1,415,000 incentive stock options have been granted to directors, officers, employees and consultants of the Company. The options are exercisable at a price of $0.155 per share for a period of 10 years expiring on November 25, 2024, subject to regulatory approval.

The Company also announces that a total of 1,225,806 Restricted Share Units have been granted to officers of the Company, also subject to regulatory approval.

OCEANIC IRON ORE CORP. (www.oceanicironore.com)

On behalf of the Board of Directors

"Steven Dean"

Executive Chairman +1 604 566 9080

For additional information contact:

Alan Gorman President and Chief Executive Officer +1 514 289 1183

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.