Oceanic Announces Settlement of Debenture Interest FOR Common Shares

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December 31, 2025 TSX Venture Exchange: FEO

ALL AMOUNTS ARE STATED IN CANADIAN DOLLARS, UNLESS OTHERWISE NOTED

PRESS RELEASE

OCEANIC ANNOUNCES SETTLEMENT OF DEBENTURE INTEREST FOR COMMON SHARES

Vancouver, BC - Oceanic Iron Ore Corp. (TSXV: FEO) ("Oceanic", or the "Company") is pleased to announce

that on December 31, 2025, it elected to settle an aggregate of $84,515 in accrued interest due under the

Company's previously issued Replacement Series A Convertible Debentures, Replacement Series B

Convertible Debenture, Series C Convertible Debentures, and Series D Convertible Debentures, by issuing

130,023 common shares in the capital of the Company at a price equal to $0.65 per common share,

representing the closing share price at December 31, 2025.

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.