HALIFAX, NOVA SCOTIA – May 17, 2013 – Oceanus Resources Corporation (TSXV: OCN) (“Oceanus” or the “Company”) announces that further to its press release of April 18, 2013, MPX Geophysics of Markham Ontario (“MPX”) has completed 605 line kilometer Helicopter Magnetometer and Gamma Spectrometer (“Radiometrics”) on the La Lajita property covering over 3,200 hectares in Durango, Mexico.

The preliminary field data has revealed several areas of interest. MPX is currently processing the data from the complete survey and Oceanus anticipates the delivery of the final maps and report by the end of May.

Oceanus also announces that the Board of Directors has granted stock options to directors, officers and consultants in respect of an aggregate of 1,270,000 common shares. The exercise price of the stock options is $0.20 per share. The stock options, which were granted under Oceanus’ 2010 Stock Option Plan, expire ten years from the date of grant.

David R. Duncan, P. Geo., a director of the Company, is the Qualified Person for Oceanus as defined under National Instrument 43-101. Mr. Duncan has reviewed the scientific and technical information in this press release.

About Oceanus Resources Corporation

Oceanus Resources Corporation is a well-financed gold exploration and development company run by a team of mining professionals with international experience in discovering open pit gold mines. Oceanus is exploring the 3200 km2 La Lajita Property located in the Sierra Madre Mountains of Durango, Mexico. Epithermal, low-sulphidation gold and silver mineralization associated with considerable hematite and silica alteration is hosted along NW-SE trending fault/breccia structures that have been traced over a strike length of 2 km and to known depths of 150 meters. The mineralization is exposed on surface in numerous small scale “gambusino” workings and in underground workings at the Mina la Guadalupe deposit.

For further information: Richard Gordon, President, Oceanus Resources Inc., T: 902 441-6700 F: 902 446-2001

CAUTIONARY STATEMENT:

Neither TSX Venture Exchange nor its Regulation 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.

This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Oceanus, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Oceanus’s expectations are exploration risks detailed herein and from time to time in the filings made by Oceanus with securities regulators.