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Oceanic Files NI 43-101 Technical Report in Respect of Hopes Advance Project

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November 04, 2011 18:42 ET

Oceanic Files NI 43-101 Technical Report in Respect of Hopes Advance Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2011) - Oceanic Iron Ore Corp. (TSX VENTURE:FEO)(OTCQX:FEOVF) (the "Company") is pleased to announce that it has filed a National Instrument 43-101 Technical Report on the mineral resource estimate and results of the preliminary economic assessment ("PEA") in respect of the Company's Hopes Advance project. The 43-101 mineral resource estimate was announced in a press release dated September 21, 2011 and the results of the PEA were announced in a press release dated September 22, 2011. There are no material differences between the results announced in the news releases and the results in the Technical Report.

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

On behalf of the Board of Directors

Steven Dean, Chairman and Chief Executive Officer