Oceanic Announces Director Change

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May 27, 2025 TSX Venture Exchange: FEO

PRESS RELEASE

OCEANIC ANNOUNCES DIRECTOR CHANGE

Vancouver, BC - Oceanic Iron Ore Corp. (TSXV: FEO) ("Oceanic", or the "Company") announces that it has

accepted the resignation of Thomas Lau (Tao Liu) as a director of the Company. Mr. Lau was one of two

nominees of investor Sino-Canada Natural Resources Fund I (“Sino-Canada”). Under the terms of an

amended debenture that Sino-Canada entered into with the Company in 2015, Sino-Canada is entitled to

one Board nominee provided it maintains 15% ownership of Oceanic’s common shares. The Board has

elected not to fill the vacancy left by Mr. Lau’s resignation and Cathy Chan will remain on the Board as

Sino-Canada’s one nominee for as long as Sino-Canada maintains at least 15% ownership of the

Company’s common shares.

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

On behalf of the Board of Directors

"Steven Dean"

Chairman

For further information: Gerrie van der Westhuizen, CFO & Corporate Secretary, +1 (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.