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Press release from Marketwire

Oceanic Grants Incentive Stock Options

Friday, May 25, 2012

Oceanic Grants Incentive Stock Options19:28 EDT Friday, May 25, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2012) - Oceanic Iron Ore Corp. (TSX VENTURE:FEO)(OTCQX:FEOVF) ("Oceanic", or the "Company") has granted an aggregate of 1,000,000 incentive stock options at $0.27 per share for ten years to an officer of the Company, subject to regulatory approval.OCEANIC IRON ORE CORP. ( On behalf of the Board of DirectorsSteven Dean, Chairman and Chief Executive Officer FOR FURTHER INFORMATION PLEASE CONTACT: Steven DeanOceanic Iron Ore Corp.Chairman and Chief Executive Officer+1 604 566 9080+1 604 566 9081 (FAX)www.oceanicironore.comNeither 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.