VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/25/12 -- Oceanic Iron Ore Corp. (TSX VENTURE: FEO)(OTCQX: FEOVF) ("Oceanic", or the "Company") has granted an aggregate of 1,000,000 incentive stock options at $0.27 per share for ten years to an officer of the Company, subject to regulatory approval.

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

On behalf of the Board of Directors

Steven Dean, Chairman and Chief Executive Officer

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.