Oceanic Announces Senior Management Change

Head Office Address:

3083-595 Burrard Street, PO Box 49298,

Vancouver, BC, V4K 1P4

December 12, 2022 TSX Venture Exchange: FEO

PRESS RELEASE

OCEANIC ANNOUNCES SENIOR MANAGEMENT CHANGE

Vancouver, BC - Oceanic Iron Ore Corp. (TSX-V: FEO) (“Oceanic”, or the “Company”) is pleased to

announce that it has appointed Gerrie van der Westhuizen to CFO and Corporate Secretary of the

Company effective January 1, 2023. Mr. Chris Batalha, who has been the CFO and Corporate Secretary

since 2014, has provided his notice of resignation from the Company effective December 31, 2022, for

personal reasons. Mr. Batalha will continue to work with the Company for a period of transition into the

new year, after which he will retain an advisory role with the Company.

About Gerrie van der Westhuizen

Gerrie van der Westhuizen has more than 15 years’ experience in the mining industry. During this time,

Mr. Van der Westhuizen held progressively senior positions in dual-listed resource companies operating

in Africa and North America. He has played a key role in those organizations’ debt and equity financings

and M&A activities, while leading initiatives on financial reporting, regulatory compliance, corporate

governance, risk management, treasury management, tax planning, as well as commercial negotiations.

Most recently, Mr. Van der Westhuizen served as Vice President Finance for Artemis Gold Inc. and will

assume the role of CFO and Corporate Secretary of Artemis Gold effective January 1, 2023.

Gerrie is a Chartered Accountant (designated in both South Africa and Canada) and began his career with

PricewaterhouseCoopers where he was a manager in their mining group. He holds an Honours Bachelor

of Accountancy degree.

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.