Oceanic Awards Completion of Environmental Impact Study Work to GENIVAR

Oceanic Iron Ore Corp. ("Oceanic" or the "Company") (TSX
VENTURE:FEO)(OTCQX:FEOVF) announces that it has awarded the completion of its
Environmental Impact Assessment ("EIA") and permitting work to Quebec based
GENIVAR Inc.


GENIVAR has led or been involved with the EIA and permitting of most major
mining projects that have been brought into production in the province of Quebec
during the course of the past five years. These include, among others, Osisko's
Canadian Malartic mine, the Bloom Lake mine in the Labrador trough, and Canadian
Royalty's Nunavik Nickel project north west of Hopes Advance.


Oceanic has been taking a fast track approach to the Company's Hopes Advance Bay
project and Genivar has indicated that it anticipates that permitting of the
project is achievable during the first half of 2014 which would allow Oceanic to
meet its current construction and production schedule.


Alan Gorman, Chief Operating Officer, indicated: "We are pleased to have GENIVAR
as part of our consulting team. Their impressive track record in Quebec with
environmental impact and permitting work will help ensure that the Hopes Advance
project is permitted on schedule."


Andre-Martin Bouchard, Vice President Environment, GENIVAR, added: "We are
pleased that Oceanic has placed its confidence in GENIVAR. We are confident that
Oceanic's schedule objectives are reasonable and achievable. We believe that
with Oceanic's advantage of being decoupled from the existing rail and port
infrastructure in the Labrador trough, and its independence in respect of its
own infrastructure, that it is uniquely distinct in respect of the
infrastructure required to transport iron ore and is probably the next new iron
ore project that will reach commercial production in the northern portion of the
trough."


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

On behalf of the Board of Directors

Steven Dean, Chairman and Chief Executive Officer