SELR Steele Oceanic Corporation (CE)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

Item 1.  Security and Issuer

This Amendment No. 1 to Schedule 13D is filed with respect to shares of common stock, par value $0.001 per share (the "Common Shares") of Steele Resources Corporation, a Nevada corporation (the "Issuer").  The principal executive office and mailing address of the Issuer is 3081 Alhambra Drive, Suite 208 Cameron Park, CA 95682.

Item 2.  Identity and Background

Item 3.  Source and Amount of Funds or Other Consideration.

All of the funds used in making the purchases of the Issuer’s common stock, par value $0.001 (the “Common Stock”) described in Item 5 of this Schedule 13D that may be deemed to be beneficially owned by the Reporting Person, came from his personal funds.

Item 4.  Purpose of the Transaction.                                                                

The Reporting Person is the direct beneficial owner of 3,309,985 shares of Common Stock consisting of 1,809,985 shares purchased on the open market from September 16, 2011 to January 31, 2012 and 1,500,000 shares issued on March 23, 2012 pursuant to a private placement transaction with the Issuer in which the Reporting Person purchased units each consisting of one share of Common Stock and one warrant for a purchase price of $0.10 per unit (the “Units”).

On October 5, 2011 the Issuer executed a 12% unsecured convertible promissory note in favor of the Reporting Person and due on April 5, 2012. On October 13, 2011 and December 28, 2011, the Issuer executed 20% unsecured convertible notes in favor of the Reporting Person, due on April 13, 2012 and June 28, 2012 respectively (collectively, the “Notes”). The Notes are presently convertible at the discretion of the Reporting Person into 4,892,960, 2,357,142, and 2,750,000 shares of Common Stock, respectively.

On March 23, 2012, as part of the Unit purchase, the Reporting Person received 1,500,000 warrants immediately exercisable into 1,500,000 shares of common stock of the issuer at an exercise price of $0.20 per share. The warrants expire on March 23, 2015.

The Reporting Person has acquired the Common Shares for investment purposes.  The Reporting Person has no plans or proposals as of the date of this filing which, other than as expressly set forth herein, would relate to or would result in items described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

The Reporting Person reserves the right to acquire or dispose of the Common Shares, or to formulate other purposes, plans or proposals regarding the Issuer or the Common Shares held by the Reporting Persons to the extent deemed advisable in light of general investment policies, market conditions and other factors.

Item 5.  Interest in Securities of the Issuer

The percentages used herein are calculated based upon a total issued and outstanding number of Common Shares of 43,972,518 as of October 31, 2011 as reported on the Issuer's Form 10-Q as filed on November 14, 2011 with United States Securities and Exchange Commission (the "SEC").

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  March 28, 2012

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