Oceanic Iron Ore Corp. announced that it has staked additional claims in the immediate vicinity of its Hopes Advance and Roberts Lake concessions. During February of 2013 the company staked an additional 86 claims covering approximately 3,656 hectares (36.6 square kms) in the Roberts Lake project area, and during March, another 21 claims covering approximately 927 hectares (9.3 square kms) in the immediate vicinity of the Hopes Advance development project were staked. Once Hopes Advance is in production, the additional claims adjacent to proven and probable reserves will be explored with the objective of extending the current 31 year mine life.

Oceanic Iron Ore Corp. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net and comprehensive loss was CAD 673,756 compared to net and comprehensive loss was CAD 1,599,936 or CAD 0.01 per basic and diluted loss common share for the corresponding period of last year. Loss from operations was CAD 881,892 against CAD 1,285,487 for the comparable period of last year. Net loss before income taxes was CAD 844,549 against CAD 1,489,134 of previous year period. Cash used in operating activities was CAD 511,739 against CAD 914,364 for the same period last year. Mineral property expenditures were CAD 1,754,000 against CAD 3,036,206 for the same period a year ago. For the nine months, net and comprehensive loss was CAD 1,886,419 or CAD 0.01 per basic and diluted common share compared to net and comprehensive loss of CAD 4,200,523 or CAD 0.03 per basic and diluted common share for the corresponding period of last year. Loss from operations was CAD 2,426,440 against CAD 2,846,735 for the comparable period of last year. Net loss before income taxes was CAD 2,308,171 against CAD 2,308,171 of previous year period. Cash used in operating activities was CAD 2,188,328 against CAD 2,181,762 for the same period last year. Mineral property expenditures were CAD 6,113,561 against CAD 14,418,848 for the same period a year ago. Equipment additions were CAD 301,824.

Oceanic Iron Ore Corp. Presents at Mines and Money Hong Kong 2013, Mar-18-2013 01:00 PM. Venue: Hong Kong Conference & Exhibition Centre, 1 Expo Drive, Wanchai, Hong Kong. Speakers: Alan Peter Francis Gorman, President and Chief Operating Officer.