Oceanic Wind Announces the Granting of Options

For Immediate Release

Vancouver, B.C. October 1, 2020 – Oceanic Wind Energy Inc. (TSX-V: NKW) (the “Company” or “Oceanic”) announces the Company granted incentive stock options to certain directors and officers to purchase up to an aggregate of 1,400,000 common shares of the Company. The options are exercisable at a price of $0.145 per share, will expire on September 30, 2030, and will vest 50% at issue and 50% after 180 days.

About Oceanic Wind Energy Inc.

Oceanic is a British Columbia-based renewable energy company. Located on B.C.’s northwest coast, where the wind resource is one of the strongest and most consistent in the world.

Caution Regarding Forward-Looking Statements

Caution Regarding Forward-Looking Statements – This news release contains certain forward- looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward- looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Oceanic Wind Energy Inc.
Contact: Mike O’Connor, 604-631-4483, moconnor@oceanicwind.ca Website: www.oceanicwind.ca

Legal Disclaimer

Oceanic Wind Energy Inc. (“Oceanic”) have taken reasonable care in preparing and publishing on a regular basis information on this website. The information is not a substitute for detailed investigation or analysis on any particular issue and may not always be current. The materials on Oceanic’s Internet site are provided “as is.” Oceanic does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet site or otherwise relating to such materials or on any sites linked to these sites.

This website may contain forward-looking statements about Oceanic and its future plans within the meaning of applicable securities laws. Forward-looking information may relate to the Corporation’s future outlook and anticipated events or results. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions regarding expected growth, results of operations, performance and business prospects and opportunities. While the Corporation considers these assumptions to be reasonable as of the current date based on information currently available to it, they may prove to be incorrect. Forward looking-information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what the Corporation currently expects and there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, risks and uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur. Readers should not rely upon forward-looking information as of any other date. The Corporation is not under any obligation and does not undertake to update this information at any particular time and assumes no obligation to update or revise forward-looking statements should circumstances or management’s estimates or opinions change.