Oceanic Appoints Alan Gorman as President

Oceanic Iron Ore Corp. ("Oceanic", or the "Company") (TSX
VENTURE:FEO)(OTCQX:FEOVF) is pleased to announce it has appointed Alan Gorman as
President of the Company. Mr. Gorman was hired in June, 2012 as COO and will
continue in his new title as President & COO. 


Mr. Gorman has 30 years of operations and technical experience with mining
companies and projects, both in Canada and internationally. He has been involved
with, led or managed large projects and mining operations for both intermediate
and senior mining companies, and has extensive experience operating in northern
and Arctic environments.


Prior to joining Oceanic, Mr. Gorman was Executive Vice President of Operations
for Goldbrook Ventures Inc. ("Goldbrook") until Goldbrook was acquired in a
successful takeover bid by Jilin Jien Nickel Industry Co. Prior to his tenure at
Goldbrook, Mr. Gorman was Vice President of Operations for Jien Canada Mining
Ltd's Nunavik Nickel Project, as well as Operations Manager for Baffinland Iron
Mines Corp before it was acquired by ArcelorMittal.


Mr. Gorman will continue to be based out of the Company's Montreal office.

Gregg Sedun, a founder of the Company, who has served as President since
November 2010, concurrently resigned but will remain as a non-executive
director. 


Steven Dean, Chairman and CEO commented: 

"We are very pleased to have Alan as Oceanic's President & COO. Alan has a
strong track record working with various mineral properties in exploration,
development and operational stages. He has been instrumental in helping us
deliver our Pre-Feasibility Study on schedule. We are pleased to have him part
of the senior management team as we move our Hopes Advance Bay Project to
Feasibility Stage and beyond. We thank Gregg for his role in helping establish
the Company and are very pleased he will remain on as non-executive director." 


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

On behalf of the Board of Directors

Steven Dean, Chairman and Chief Executive Officer