Mr. Chris Batalha reports

OCEANIC ANNOUNCES OPTION GRANT

Oceanic Iron Ore Corp. has granted 500,000 stock options to Pierre-Philippe Dupont, senior vice-president, external affairs and environmental, social and governance, in accordance with the company's stock option plan. Each option is exercisable at a price of 64 cents per share (based on the closing price on Oct. 14, 2026) for a period of five years from the date of grant.