Mr. Chris Batalha reports

OCEANIC ANNOUNCES ENGAGEMENT OF ROSE & COMPANY HOLDINGS TO PROVIDE INVESTOR RELATIONS SERVICES

Oceanic Iron Ore Corp., subject to regulatory approval, has signed an agreement to retain Rose & Company Holdings LLC (Rose & Co.) to provide certain investor relation services to the company, effective immediately, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

Rose & Co. is a New York-based strategic advisory firm dedicated to evaluating, defining and executing strategies to enhance their presence in increasingly globalized and complex capital markets. The Rose & Co. team has decades of capital markets experience from prominent Wall Street firms, including Dahlman Rose & Company, Barclays, Morgan Stanley, and Deutsche Bank. Rose & Co. provides its clients comprehensive services focused on generating positive investor response through investor outreach and engagement.

Under the agreement, the company will pay Rose & Co. $50,000 (U.S.) per quarter for a term of one year, payable from the company's cash on hand. Oceanic has a one-time right to terminate the agreement after six months. Rose & Co. will not receive any equity compensation for its services.

Rose & Co. is at arm's length to the company. It does not hold any securities of the company nor has any interest, direct or indirect, in the company.

We seek Safe Harbor.