Oceanic Iron Ore (FEO) 6-K Report of Foreign Private Issuer for the Month of June 2010

Exhibit 99.1

PACIFICHARBOURCAPITALLTD.
#1502–543GRANVILLESTREET
VANCOUVER,B.C.V6C1X8
(604)6970687

June9,2010	TSXVentureExchange:PCF
	OTCBulletinBoard:PCFHF

PRESSRELEASE

PacificHarbourClosesPrivatePlacement

Vancouver, B.C., June 9, 2010 –PacificHarbourCapitalLtd. ("Pacific Harbour" or the "Company") announced today that it has completed its previously announced non brokered private placement for aggregate gross proceeds of $3,000,000.

Pacific Harbour issued a total of 40,000,000 units (the "Units") at a price of $0.075 per Unit. Each Unit is comprised of one common share and one transferable share purchase warrant, each such warrant exercisable to acquire one common share for a period of 2 years following issuance, at a price of $0.10 per share.

All Units issued are subject to a hold period and may not be traded until October 10, 2010 except as permitted by Canadian securities legislation and the TSX Venture Exchange.

Pacific Harbour intends to use the proceeds of the private placement for working capital and possible future asset acquisitions. To date, no acquisitions have been identified.

OnbehalfoftheBoardofDirectors

”ThomasPressello”
President & CEO

NeithertheTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthisrelease.