Oceanic Announces Ruling of Federal Minister of Environment

Oceanic Announces Ruling of Federal Minister of Environment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/23/13 -- Oceanic
Iron Ore Corp. (TSX VENTURE:FEO)(OTCQX:FEOVF) ("Oceanic", or the
"Company") announces that Hon. Peter Kent, Minister of Environment,
has provided a ruling on January 18, 2013 referring the marine
portion of the Hopes Advance project to the Nunavik Marine Region
Impact Review Board ("NMRIRB") for a Part 5 Review in association
with the Canadian Environmental Assessment Act 2012 ("CEAA 2012") and
the Nunavik Inuit Land Claims Agreement. 
The practical result of this ruling, with a request from the Minister
for the NMRIRB to work closely with the CEAA, is that it will
streamline the environmental review process in that the Company will
submit one Environmental Impact Statement which responds to both CEAA
2012 as well as the NMRIRB requirements under the Nunavik Inuit Land
Claims Agreement. 
The Minister's ruling represents an additional milestone in the
progression of the overall environmental review process. 
Alan Gorman, President/COO, commented, "We are pleased that the
Minister has finalized his decision in respect of the NMRIRB review
process for the Hopes Advance project. The ruling of Hon. Mr. Kent is
consistent with what the Company anticipated and allows us to advance
the environmental impact assessment through to the submission of an
Impact Statement required in support of the future permitting of the
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. 
Oceanic Iron Ore Corp.
Steven Dean
Chairman and Chief Executive Officer
+1 604 566 9080
+1 604 566 9081 (FAX)
Press spacebar to pause and continue. Press esc to stop.