FEO Oceanic Iron Ore Corp

Oceanic Iron Ore Corp. ("Oceanic" or the "Company") (TSX
VENTURE:FEO)(OTCQX:FEOVF) announces that it has staked additional claims in the
immediate vicinity of its Hopes Advance and Roberts Lake concessions.


During February of 2013 the Company staked an additional 86 claims covering
approximately 3,656 hectares (36.6 square kms) in the Roberts Lake project area,
and during March, another 21 claims covering approximately 927 hectares (9.3
square kms) in the immediate vicinity of the Hopes Advance development project
were staked.


The Company believes these additional claims provide prospective potential to
increase the Company's mineral resources at both Hopes Advance and Roberts Lake
and their acquisition fits with Oceanic's strategy to develop and then maintain
its future operations as a long term bottom quartile cost iron producer.


Once Hopes Advance is in production, the additional claims adjacent to proven
and probable reserves will be explored with the objective of extending the
current 31 year mine life. Oceanic's Roberts Lake and Morgan Lake concessions
are strategic to the Company's future growth as a mid-tier producer.


The Company intends to undertake sufficient exploration to maintain its current
land position and will defer significant exploration expenditures until Hopes
Advance is in production and generating positive cash flow. The average annual
claim maintenance costs associated with these recently staked claims
approximates $48,000 per annum.


Alan Gorman, President/ COO indicated: "These claim acquisitions are strategic
to Oceanic's long term growth plans. While our primary focus remains firmly
fixed on the development of the Hopes Advance project it is appropriate to
position the Company for future growth and expansion, subsequent to the
commissioning of the mine, particularly where the costs to stake these highly
prospective mining claims are minimal."


Eddy Canova, P.Geo., the Director of Exploration for the Company and a Qualified
Person as defined by NI 43-101, has reviewed and is responsible for the
technical information contained in this news release.


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

On behalf of the Board of Directors

Steven Dean, Chairman and Chief Executive Officer 

This news release includes certain "Forward-Looking Statements" as that term is
used in applicable securities law. All statements included herein, other than
statements of historical fact, including, without limitation, statements
regarding potential mineralization and resources, exploration results, and
future plans and objectives of Oceanic Iron Ore Corp. ("Oceanic", or the
"Company"), are forward-looking statements that involve various risks and
uncertainties. In certain cases, forward-looking statements can be identified by
the use of words such as "plans", "expects" or "does not expect", "scheduled",
"believes", or variations of such words and phrases or statements that certain
actions, events or results "potentially", "may", "could", "would", "might" or
"will" be taken, occur or be achieved. There can be no assurance that such
statements will prove to be accurate, and actual results could differ materially
from those expressed or implied by such statements. Forward-looking statements
are based on certain assumptions that management believes are reasonable at the
time they are made.

In making the forward-looking statements in this presentation, the Company has
applied several material assumptions, including, but not limited to, the
assumption that: (1) there being no significant disruptions affecting
operations, whether due to labour/supply disruptions, damage to equipment or
otherwise; (2) permitting, development, expansion and power supply proceeding on
a basis consistent with the Company's current expectations; (3) certain price
assumptions for iron ore; (4) prices for availability of natural gas, fuel oil,
electricity, parts and equipment and other key supplies remaining consistent
with current levels; (5) the accuracy of current mineral resource estimates on
the Company's property; and (6) labour and material costs increasing on a basis
consistent with the Company's current expectations. Important factors that could
cause actual results to differ materially from the Company's expectations are
disclosed under the heading "Risk Factors" in the Company's Filing Statement
dated November 22, 2010 (a copy of which is publicly available on SEDAR at
www.sedar.com under the Company's profile) and elsewhere in documents filed from
time to time, including MD&A, with the Toronto Stock Exchange and other
regulatory authorities. Such factors include, among others, risks related to the
ability of the Company to obtain necessary financing and adequate insurance; the
economy generally; fluctuations in the currency markets; fluctuations in the
spot and forward price of iron ore or certain other commodities (e.g., diesel
fuel and electricity); changes in interest rates; disruption to the credit
markets and delays in obtaining financing; the possibility of cost overruns or
unanticipated expenses; employee relations. Accordingly, readers are advised not
to place undue reliance on Forward-Looking Statements. Except as required under
applicable securities legislation, the Company undertakes no obligation to
publicly update or revise Forward-Looking Statements, whether as a result of new
information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Oceanic Iron Ore Corp.
Steven Dean
Chairman and Chief Executive Officer
+1 604 566 9080
+1 604 566 9081 (FAX)
www.oceanicironore.com

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