VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2015) - Oceanic Iron Ore Corp. ("Oceanic", or the "Company") (TSX VENTURE:FEO) today announces the resignation of Gregg Sedun as a director of the Company. The Board would like to thank Mr. Sedun for his contributions over the past 5 years as a director, as well as his co-founding role with the Company and wish him well in the future. Mr. Sedun has advised he will be available to management to assist with Oceanic in the future if needed, and stated he will continue his support as a loyal shareholder.

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

On behalf of the Board of Directors

Steven Dean, Executive Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Oceanic Iron Ore Corp.
Steven Dean
Executive Chairman
+1 604 566 9080
www.oceanicironore.com