Alan Gorman Resumes Role as President and CEO of Oceanic

Ste. 3083 – 595 Burrard Street

Vancouver, BC V7X 1L3

Tel: 604 566 9080

Fax: 604 566 9081

Ste. 700– 1000 rue Sherbrooke W

Montréal, QC H3A 3G4

Tel: 514 289 1183

Fax: 514 289 1188

January 6, 2017 TSX Venture Exchange: FEO

PRESS RELEASE

ALAN GORMAN RESUMES ROLE AS PRESIDENT AND CEO OF OCEANIC

Montréal, QC - Oceanic Iron Ore Corp ("Oceanic" or the "Company") announced today that Alan

Gorman, has resumed his role as President and CEO of the Company effective January 6, 2017.

Mr. Gorman had taken a temporary leave of absence for health reasons effective December 15, 2016.

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

On behalf of the Board of Directors

"Steven Dean"

Executive Chairman

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.

For additional information contact:

Chris Batalha

CFO and Corporate Secretary +604.566.9080