Oceanic Iron Ore Corp. (the "Company") (TSX VENTURE:FEO)(OTCQX:FEOVF) reports
that pursuant to the Company's Stock Option Plan, a total of 3,625,000 stock
options have been granted to directors and officers, employees and consultants
of the Company. The options are exercisable at an exercise price of $0.27 per
share for a period of ten years subject to regulatory approval.


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