Oceanic Wind Energy – Change of Auditor

For Immediate Release

Vancouver, B.C. – February 17, 2023 – Oceanic Wind Energy Inc. (TSXV-NEX: NKW.H) (the “Company”) announces that the auditors, KPMG LLP, Chartered Professional Accountants (the “Former Auditors”) are not being proposed for re-appointment at the next annual general meeting of shareholders. Subject to all applicable regulatory and shareholder approvals, effective February 17, 2023, the Company’s new auditors will be Davidson & Company LLP, Chartered Accountants (the “Successor Auditor”), and it is being proposed that they be appointed at the next annual meeting of shareholders.

At the next Annual General Meeting of shareholders to be held on March 28, 2023, the shareholders of the Company will be asked to approve the appointment of the firm of Davidson & Company LLP, Chartered Accountants, as auditors of the Company effective February 17, 2023.

The Company advises that there were no reservations in the Auditor’s Reports for either of the Company’s two most recently completed fiscal years nor for any period subsequent thereto for which an audit report was issued and preceding the date hereof.

The non-reappointment of the Former Auditors and the appointment of the Successor Auditor was considered and approved by the Audit Committee and the Board of Directors of the Company.

In the opinion of the Audit Committee and the Board of Directors of the Company, there were no “Reportable Events” as defined in National Instrument 52-102.

For further information please contact:
Michael O’Connor, President & CEO
Oceanic Wind Energy Inc.
Tel: 604-631-4483
Email: info@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.