Oceanic Announces Upsizing of Non-Brokered Convertible Debenture Financing

Press Release

Vancouver, BC – Oceanic Iron Ore Corp. (TSX-V: FEO) (“Oceanic”, or the “Company”) is pleased to announce that, in connection with its previously-announced non-brokered financing, the Company has agreed to increase the size of the offering of convertible debentures from $1,400,000 to up to $1,600,000 (the “Financing”).

Other than the increase in size of the offering, all other terms of the Financing (as announced by the Company on February 24, 2021) remains unchanged.

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

On behalf of the Board of Directors

“Steven Dean”

Chairman

+604 566-9080

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