Oceanic Iron Ore Corp. (TSXV: FEO) ("Oceanic", or the "Company") announces that it has accepted the resignation of Thomas Lau (Tao Liu) as a director of the Company. Mr. Lau was one of two nominees of investor Sino-Canada Natural Resources Fund I ("Sino-Canada"). Under the terms of an amended debenture that Sino-Canada entered into with the Company in 2015, Sino-Canada is entitled to one Board nominee provided it maintains 15% ownership of Oceanic's common shares. The Board has elected not to fill the vacancy left by Mr. Lau's resignation and Cathy Chan will remain on the Board as Sino-Canada's one nominee for as long as Sino-Canada maintains at least 15% ownership of the Company's common shares.
OCEANIC IRON ORE CORP. (www.oceanicironore.com)
On behalf of the Board of Directors
"Steven Dean" Chairman
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.
SOURCE Oceanic Iron Ore Corp.
For further information: Gerrie van der Westhuizen, CFO & Corporate Secretary, +1 (604) 566-9080
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Oceanic Iron Ore Corp. (TSXV: FEO) ("Oceanic", or the "Company") announces that it has accepted the resignation of Thomas Lau (Tao Liu) as a director of the Company. Mr. Lau was one of two nominees of investor Sino-Canada Natural Resources Fund I ("Sino-Canada"). Under the terms of an amended debenture that Sino-Canada entered into with the Company in 2015, Sino-Canada is entitled to one Board nominee provided it maintains 15% ownership of Oceanic's common shares. The Board has elected not to fill the vacancy left by Mr. Lau's resignation and Cathy Chan will remain on the Board as Sino-Canada's one nominee for as long as Sino-Canada maintains at least 15% ownership of the Company's common shares. 
