Oceanic Iron Ore Corp Appoints DRA/Met-Chem Canada to the Owner's Team for the Feed Phase of the Hopes Advance Project

MONTREAL, QUEBEC--(Marketwired - April 17, 2017) - Oceanic Iron Ore Corp. (TSX VENTURE:FEO) ("Oceanic", or the "Company") is pleased to announce its intent to appoint DRA/Met-Chem as part of the future Owner's team during the Front End Engineering Design ("FEED") phase of the Hopes Advance project. DRA/Met-Chem has been integral to the earlier work associated with the Hopes Advance project and has a detailed understanding of the conceptual design for the project. DRA/Met-Chem was intimately involved in the preparation of the Company's previously announced pre-feasibility study ("PFS") which was recently validated by the Engineering Procurement Construction ("EPC") proposal received from Power China Huadong Engineering Company on March 30, 2017.