Oceanic Announces Ruling of Federal Minister of Environment

Oceanic Iron Ore Corp. (TSX VENTURE:FEO)(OTCQX:FEOVF) ("Oceanic", or the
"Company") announces that Hon. Peter Kent, Minister of Environment, has provided
a ruling on January 18, 2013 referring the marine portion of the Hopes Advance
project to the Nunavik Marine Region Impact Review Board ("NMRIRB") for a Part 5
Review in association with the Canadian Environmental Assessment Act 2012 ("CEAA
2012") and the Nunavik Inuit Land Claims Agreement.


The practical result of this ruling, with a request from the Minister for the
NMRIRB to work closely with the CEAA, is that it will streamline the
environmental review process in that the Company will submit one Environmental
Impact Statement which responds to both CEAA 2012 as well as the NMRIRB
requirements under the Nunavik Inuit Land Claims Agreement.


The Minister's ruling represents an additional milestone in the progression of
the overall environmental review process.


Alan Gorman, President/COO, commented, "We are pleased that the Minister has
finalized his decision in respect of the NMRIRB review process for the Hopes
Advance project. The ruling of Hon. Mr. Kent is consistent with what the Company
anticipated and allows us to advance the environmental impact assessment through
to the submission of an Impact Statement required in support of the future
permitting of the project."


OCEANIC IRON ORE CORP. (www.oceanicironore.com)

On behalf of the Board of Directors

Steven Dean, Chairman and Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT: 
Oceanic Iron Ore Corp.
Steven Dean
Chairman and Chief Executive Officer
[phone]
[phone] (FAX)
www.oceanicironore.com