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Press release from Marketwire

Oceanic Iron Ore Corp. Submits Project Notice for Hopes Advance Bay

Friday, August 03, 2012

Oceanic Iron Ore Corp. Submits Project Notice for Hopes Advance Bay14:57 EDT Friday, August 03, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2012) - Oceanic Iron Ore Corp. (TSX VENTURE:FEO)(OTCQX:FEOVF) ("Oceanic", or the "Company") announces that it has submitted its Project Notice to the Canadian Environmental Assessment Agency (the "Agency") pursuant to the project being reviewed under new guidelines in accordance with the Canadian Environmental Assessment Act 2012.OCEANIC IRON ORE CORP. (www.oceanicironore.com)On behalf of the Board of DirectorsSteven Dean, Chairman and Chief Executive OfficerFOR 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.