Oceanic Announces Director Resignation

MONTREAL, QUEBEC--(Marketwired - April 11, 2017) - Oceanic Iron Ore Corp. ("Oceanic", or the "Company") (TSX VENTURE:FEO) announces that Jean Martel has resigned from the Board of Directors of the Company. Mr. Steven Dean, Executive Chairman of the Company said, "The directors have thoroughly enjoyed Jean Martel's participation as a director of the company. Mr. Martel's guidance has added significant value to the development of the Hopes Advance Project, and his participation has been undertaken with the utmost standard and integrity. Mr. Martel has indicated a willingness to assist, where possible, in the progression of the Hopes Advance project and has expressed his ongoing support for its development, which is also appreciated by the Company. On behalf of the directors of Oceanic, I wish him well in his future endeavors."