Oceanic announces granting of stock options and restricted share units

TSX Venture Exchange:  FEO

VANCOUVER, March 20, 2019 /CNW/ - Oceanic Iron Ore Corp. ("Oceanic" or the "Company") announces that pursuant to the Company's Stock Option Plan, a total of 1,990,000 incentive stock options (the "Options") have been granted to directors, officers and consultants of the Company.  The Options are exercisable at a price of $0.09 per share for a period of 10 years expiring on March 19, 2029.

Furthermore, pursuant to Oceanic's Restricted Share Unit ("RSU") plan, the Company's compensation committee and board of directors has authorized the granting of 684,157 RSUs to officers, directors, and employees of the Company.

OCEANIC IRON ORE CORP. (http://www.oceanicironore.com/)

On behalf of the Board of Directors

"Steven Dean"
Executive Chairman
[phone]

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. 

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

SOURCE Oceanic Iron Ore Corp.

For further information: Chris Batalha, CFO and Corporate Secretary, [phone]