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Oceanic Announces Receipt of Power China EPC Proposal and Provides Corporate Update

MONTREAL, QUEBEC–(Marketwired – March 31, 2017) – Oceanic Iron Ore Corp. (TSX VENTURE:FEO) (“Oceanic“, or the “Company“) is pleased to announce receipt of an Engineering Procurement and Construction proposal “EPC Proposal” originating from Power Construction Corporation of China’s subsidiary company Power China Huadong Engineering Company. (“Power China“). Preparation of the EPC Proposal has been supported by SNC-Lavalin Inc.