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Oceanus Closes Private Placement

Financings

NEWS RELEASE

Oceanus Closes Private Placement

HALIFAX, NOVA SCOTIA – July 8, 2019 - Oceanus Resources Corporation (TSXV:OCN) ("Oceanus" or

the “Company” ) has closed a non-brokered private placement raising $750,000 through the issuance of

12,500,000 common shares at a price of $0. 06 per common share. The common shares issued pursuant to

this private placement are subject to a 4 month hold period that expires on November 9, 2019.

Certain officers and directors of Oceanus subscribed for an aggregate of 1,483,332 common shares.

The proceeds from the private placement will be used for Oceanus’ El Tigre Property in Sonora, Mexico and

for general working capital purposes. The private placement remains subject to final a cceptance by the TSX

Venture Exchange.

For further information, please contact:

Glenn Jessome

President and CEO

(902) 492-0298

[email protected]

CAUTIONARY STATEMENT:

Neither TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Not for distribution to US wire services or for dissemination in the United States of America)