Oceanic Announces Granting of Stock Options

April 29, 2024 TSX Venture Exchange: FEO

PRESS RELEASE

OCEANIC ANNOUNCES GRANTING OF STOCK OPTIONS

Vancouver, BC - Oceanic Iron Ore Corp. (TSXV: FEO) (“Oceanic” or the “Company”) announces that on April 26, 2024, pursuant to the Company's Stock Option Plan, a total of 1,570,000 incentive stock options (the “Options”) have been granted to directors, officers and consultants of the Company. The Options are exercisable at a price of $0.05 per share for a period of 10 years expiring on April 26, 2034.

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

On behalf of the Board of Directors

"Steven Dean"

Chairman +604 566-9080

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.

Head Office Address:

3083-595 Burrard Street, PO Box 49298, Vancouver, BC, V4K 1P4