Oceanic Iron Ore Corp. Announces Receipt of Guidelines From Canadian Environmental Assessment Agency

Oceanic Iron Ore Corp. ("Oceanic", or the "Company") (TSX
VENTURE:FEO)(OTCQX:FEOVF) announces that it has received environmental impact
statement guidelines for the Hopes Advance project from the Canadian
Environmental Assessment Agency (the "Agency"). The guidelines are the next step
in the federal process subsequent to the acceptance of project description by
the Agency as announced by the Company on August 28th, 2012. Receipt of the
guidelines, in accordance with the 2012 Environmental Assessment Act, provides
the framework upon which additional environmental assessment work will be
undertaken by the Company.


Alan Gorman, President and COO commented, "This is another progressive step in
advancing the Hopes Advance Project to permitting and construction and is in
keeping with our overall schedule."


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