Oceanic Appoints Jeremy Langford as Director; Grants Stock Options
April 23, 2026
PRESS RELEASE
OCEANIC APPOINTS JEREMY LANGFORD AS DIRECTOR; GRANTS STOCK OPTIONS
Vancouver BC - Oceanic Iron Ore Corp. (TSXV - FEO) (“Oceanic”, or the “Company”) is pleased to announce
the appointment of Mr. Jeremy Langford to the board of directors of the Company.
Jeremy Langford is an internaƟonally recognized mining execuƟve with more than 20 years of experience
successfully designing, building, commissioning and opera Ɵng large -scale mining projects around the
world. He currently serves as President of Artemis Gold Inc., where he recently led the development and
construcƟon of the Blackwater Mine in BriƟsh Columbia—one of the largest new mine builds in Canada in
recent years—successfully delivering the project through construcƟon to first gold producƟon in 2025.
Mr. Langford has built a reputa Ɵon for successfully advancing complex greenfield mining projects into
producing operaƟons on Ɵme and on budget . Importantly, he has direct opera Ɵng experience in cold -
weather jurisdicƟons, providing pracƟcal insight into the technical and logisƟcal consideraƟons associated
with large-scale mining projects in northern climates . He successfully led the la Ʃer stage development
acƟviƟes at the Sydvaranger Gruve Brownfields Iron Ore Project, located in Kirkenes, Norway.
Mr. Langford began his career as an engineer with the Royal Australian Navy. He holds an Honours Degree
in Mechanical Engineering and is a Fellow of the Australian InsƟtute of Mining and Metallurgy (FAusIMM)
and the InsƟtuƟon of Engineers Australia (FIEAust).
ResignaƟon of Cathy Chan from the Board of Directors
Concurrent with the appointment of Mr. Langford to the Board of Directors of the Company, Ms. Cathy
Chan has resigned as a director of the Company.
Steven Dean, Chairman said: “We are delighted to have someone of Jeremy’s calibre join the Company as
a non-execuƟve director. His experƟse in construcƟon and operaƟons management will be an enormous
asset to the Company, and specifically to the development of the Hopes Advance Project. ParƟcularly, his
experience in leading the design, engineering and construcƟon of several mines on Ɵme and on budget
over the last 25 years as well as his experience in cold weather climate mines will serve to benefit the
Company materially.
I would also like to extend my thanks to Cathy Chan for her years of service on the board of Oceanic and
wish her well in her future endeavours.”
GranƟng of Stock OpƟons
The Company also announces the gran Ɵng of 2,688,000 stock opƟons, pursuant to the Company’s Stock
OpƟon Plan, to directors, officers and consultants of the Company (the “ OpƟons”). The Op Ɵons are
exercisable at a price of $0.77 per share (based on the closing price on April 23, 2026) for a period of 5
years from the date of grant.
OCEANIC IRON ORE CORP . (www.oceanicironore.com)
On behalf of the Board of Directors
"Steven Dean"
Chairman
Tel: 604 200 6094
Fax: 604 566 9081
About Oceanic:
Oceanic is focused on the development of its 100% owned Hopes Advance, Morgan Lake and Roberts Lake
iron ore development projects located on the coast in the Labrador Trough in Québec, Canada. Oceanic’s
flagship Hopes Advance Project has a NI 43-101 measured and indicated mineral resource of
approximately 1.36 bn tonnes and enjoys the dis Ɵnct advantage of being located at Ɵdewater and not
being reliant on third parƟes for key infrastructure such as port, power and especially bulk transportaƟon
to port (negaƟng the need for any rail infrastructure).
In December 2019, the Company published the results of a preliminary economic assessment completed
in respect of the flagship Hopes Advance project outlining a base case pre-tax NPV8 of USD$2.4 bn (post-
tax NPV8 of USD $1.4 bn) over a 28 year mine life, and a life of mine operaƟng cost of approximately USD
$30/tonne, producing a blast furnace concentrate product grading at 66.5%Fe with approximately 4.5%
Silica.
More recently, the Company has completed preliminary metallurgical testwork that indicates the potenƟal
to produce a high-grade, direct reducƟon Iron product, based on laboratory-scale flotaƟon tesƟng which
may be achievable with modest modifica Ɵons to the exis Ɵng flowsheet, thereby providing versa Ɵlity in
product choice and contribu Ɵng to the global green -steel movement. Further informa Ɵon in respect of
the Morgan Lake and Roberts Lake projects, both of which have been explored historically and which have
defined historical resources, is also available on the Company's website.
Forward Looking Statements:
This news release includes certain "Forward-Looking Statements” as that term is used in applicable
securiƟes law. All statements included herein, other than statements of historical fact, including, without
limitaƟon, statements regarding the Study, the assump Ɵons and pricing contained in the Study, the
economic analysis contained in the Study, the results of the Study, the technical report for the Study, the
development of the Project, securing a partner for the Project, securing addiƟonal financing for the Project,
the mineral resources at the Project, and future plans and objec Ɵves of Oceanic are forward -looking
statements that involve various risks and uncertainƟes. In certain cases, forward-looking statements can
be idenƟfied by the use of words such as "plans", "expects" or "does not expect", "scheduled", “objecƟve” ,
"believes", “assumes” , “likely”, or variaƟons of such words and phrases or statements that certain acƟons,
events or results “potenƟally”, "may", "could", "would", “should”, "might" or "will" be taken, occur or be
achieved. There can be no assurance that such statements will prove to be accurate, and actual results
could differ materially from those expressed or implied by such statements. Forward-looking statements
are based on certain assumpƟons that management believes are reasonable at the Ɵme they are made.
In making the forward-looking statements in this presentaƟon, the Company has applied several material
assumpƟons, including, but not limited to, the assumpƟon that: (1) there being no significant disrup Ɵons
affecƟng operaƟons, whether due to labour/supply disrup Ɵons, damage to equipment or otherwise; (2)
permiƫng, development, expansion and power supply proceeding on a basis consistent with the
Company's current expectaƟons; (3) certain price assump Ɵons for iron ore; (4) prices for availability of
natural gas, fuel oil, electricity, parts and equipment and other key supplies remaining consistent with
current levels; (5) the accuracy of current mineral resource esƟmates on the Company's property; and (6)
labour and material costs increasing on a basis consistent with the Company's current expecta Ɵons.
Important factors that could cause actual results to differ materially from the Company's expectaƟons are
disclosed under the heading "Risks and UncertainƟes " in the Company’s most recently filed MD&A (a copy
of which is publicly available on SEDAR+ at www.sedarplus.ca under the Company's profile) and elsewhere
in documents filed from Ɵme to Ɵme, including M D&A, with the TSX Venture Exchange and other
regulatory authoriƟes. Such factors include, among others, risks related to the ability of the Company to
obtain necessary financing and adequate insurance; the ability of the Company to secure a partner for the
Project; the economy generally; fluctuaƟons in the currency markets; fluctuaƟons in the spot and forward
price of iron ore or certain other commodi Ɵes (e.g., diesel fuel and electricity); changes in interest rates;
disrupƟon to the credit markets and delays in obtaining financing; the possibility of cost overruns or
unanƟcipated expenses; employee relaƟons. Accordingly, readers are advised not to place undue reliance
on Forward-Looking Statements. Except as required under applicable securi Ɵes legislaƟon, the Company
undertakes no obligaƟon to publicly update or revise Forward-Looking Statements, whether as a result of
new informaƟon, future events or otherwise.
Neither the TSX Venture Exchange nor its Regula Ɵon 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.