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