Oceanic Appoints Jeremy Langford as Director; Grants Stock Options
April 23, 2026
PRESS RELEASE
OCEANIC APPOINTS JEREMY LANGFORD AS DIRECTOR; GRANTS STOCK OPTIONS
Vancouver BC - Oceanic Iron Ore Corp. (TSXV - FEO) (“Oceanic”, or the “Company”) is pleased to announce the appointment of Mr. Jeremy Langford to the board of directors of the Company.
Jeremy Langford is an interna�onally recognized mining execu�ve with more than 20 years of experience successfully designing, building, commissioning and opera�ng large-scale mining projects around the world. He currently serves as President of Artemis Gold Inc., where he recently led the development and construc�on of the Blackwater Mine in Bri�sh Columbia—one of the largest new mine builds in Canada in recent years—successfully delivering the project through construc�on to first gold produc�on in 2025.
Mr. Langford has built a reputa�on for successfully advancing complex greenfield mining projects into producing opera�ons on �me and on budget. Importantly, he has direct opera�ng experience in coldweather jurisdic�ons, providing prac�cal insight into the technical and logis�cal considera�ons associated with large-scale mining projects in northern climates. He successfully led the la�er stage development ac�vi�es at the Sydvaranger Gruve Brownfields Iron Ore Project, located in Kirkenes, Norway.
Mr. Langford began his career as an engineer with the Royal Australian Navy. He holds an Honours Degree in Mechanical Engineering and is a Fellow of the Australian Ins�tute of Mining and Metallurgy (FAusIMM) and the Ins�tu�on of Engineers Australia (FIEAust).
Resigna�on of Cathy Chan from the Board of Directors
Concurrent with the appointment of Mr. Langford to the Board of Directors of the Company, Ms. Cathy Chan has resigned as a director of the Company.
Steven Dean, Chairman said: “We are delighted to have someone of Jeremy’s calibre join the Company as a non-execu�ve director. His exper�se in construc�on and opera�ons management will be an enormous asset to the Company, and specifically to the development of the Hopes Advance Project. Par�cularly, his experience in leading the design, engineering and construc�on of several mines on �me and on budget over the last 25 years as well as his experience in cold weather climate mines will serve to benefit the Company materially.
I would also like to extend my thanks to Cathy Chan for her years of service on the board of Oceanic and wish her well in her future endeavours.”
Gran�ng of Stock Op�ons
The Company also announces the gran�ng of 2,688,000 stock op�ons, pursuant to the Company’s Stock Op�on Plan, to directors, officers and consultants of the Company (the “Op�ons”). The Op�ons are exercisable at a price of $0.77 per share (based on the closing price on April 23, 2026) for a period of 5 years from the date of grant.
OCEANIC IRON ORE CORP. (www.oceanicironore.com)
On behalf of the Board of Directors
"Steven Dean"
Chairman
Tel: 604 200 6094 Fax: 604 566 9081
About Oceanic:
Oceanic is focused on the development of its 100% owned Hopes Advance, Morgan Lake and Roberts Lake iron ore development projects located on the coast in the Labrador Trough in Québec, Canada. Oceanic’s flagship Hopes Advance Project has a NI 43-101 measured and indicated mineral resource of approximately 1.36 bn tonnes and enjoys the dis�nct advantage of being located at �dewater and not being reliant on third par�es for key infrastructure such as port, power and especially bulk transporta�on to port (nega�ng the need for any rail infrastructure).
In December 2019, the Company published the results of a preliminary economic assessment completed in respect of the flagship Hopes Advance project outlining a base case pre-tax NPV8 of USD$2.4 bn (posttax NPV8 of USD $1.4 bn) over a 28 year mine life, and a life of mine opera�ng cost of approximately USD $30/tonne, producing a blast furnace concentrate product grading at 66.5%Fe with approximately 4.5% Silica.
More recently, the Company has completed preliminary metallurgical testwork that indicates the poten�al to produce a high-grade, direct reduc�on Iron product, based on laboratory-scale flota�on tes�ng which may be achievable with modest modifica�ons to the exis�ng flowsheet, thereby providing versa�lity in product choice and contribu�ng to the global green-steel movement. Further informa�on in respect of the Morgan Lake and Roberts Lake projects, both of which have been explored historically and which have defined historical resources, is also available on the Company's website.
Forward Looking Statements:
This news release includes certain "Forward-Looking Statements” as that term is used in applicable securi�es law. All statements included herein, other than statements of historical fact, including, without limita�on, statements regarding the Study, the assump�ons and pricing contained in the Study, the economic analysis contained in the Study, the results of the Study, the technical report for the Study, the development of the Project, securing a partner for the Project, securing addi�onal financing for the Project, the mineral resources at the Project, and future plans and objec�ves of Oceanic are forward-looking statements that involve various risks and uncertain�es. In certain cases, forward-looking statements can be iden�fied by the use of words such as "plans", "expects" or "does not expect", "scheduled", “objec�ve”, "believes", “assumes”, “likely”, or varia�ons of such words and phrases or statements that certain ac�ons, events or results “poten�ally”, "may", "could", "would", “should”, "might" or "will" be taken, occur or be achieved. There can be no assurance that such statements will prove to be accurate, and actual results could differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assump�ons that management believes are reasonable at the �me they are made. In making the forward-looking statements in this presenta�on, the Company has applied several material assump�ons, including, but not limited to, the assump�on that: (1) there being no significant disrup�ons affec�ng opera�ons, whether due to labour/supply disrup�ons, damage to equipment or otherwise; (2) permi�ng, development, expansion and power supply proceeding on a basis consistent with the Company's current expecta�ons; (3) certain price assump�ons for iron ore; (4) prices for availability of natural gas, fuel oil, electricity, parts and equipment and other key supplies remaining consistent with current levels; (5) the accuracy of current mineral resource es�mates on the Company's property; and (6) labour and material costs increasing on a basis consistent with the Company's current expecta�ons. Important factors that could cause actual results to differ materially from the Company's expecta�ons are disclosed under the heading "Risks and Uncertain�es " in the Company’s most recently filed MD&A (a copy of which is publicly available on SEDAR+ at www.sedarplus.ca under the Company's profile) and elsewhere in documents filed from �me to �me, including MD&A, with the TSX Venture Exchange and other regulatory authori�es. Such factors include, among others, risks related to the ability of the Company to obtain necessary financing and adequate insurance; the ability of the Company to secure a partner for the Project; the economy generally; fluctua�ons in the currency markets; fluctua�ons in the spot and forward price of iron ore or certain other commodi�es (e.g., diesel fuel and electricity); changes in interest rates; disrup�on to the credit markets and delays in obtaining financing; the possibility of cost overruns or unan�cipated expenses; employee rela�ons. Accordingly, readers are advised not to place undue reliance on Forward-Looking Statements. Except as required under applicable securi�es legisla�on, the Company undertakes no obliga�on to publicly update or revise Forward-Looking Statements, whether as a result of new informa�on, future events or otherwise.
Neither the TSX Venture Exchange nor its Regula�on 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.