GeoMegA Completed Private Placement

In March and April 2012, Geomega Resources Inc. completed a brokered private placement in two tranches totaling 3,904,454 units and 1,803,333 flow-through shares for aggregate gross proceeds of $3,500,000. The private placement was co-led by Industrial Alliance Securities Inc. and National Bank Financial Inc. acting as agents.

Geomega Resources Inc. owns the Montviel Rare Earths/Niobium project which is located approximately 45 km west of the Cree First Nation of Waswanipi and 100 km north of Lebel-sur-Quévillon in the southern territory covered by the Québec’s "Plan Nord". The net proceeds from the private placement will be used to fund the development of the Montviel property through the preliminary economic assessment, exploration on the corporation’s graphite properties and for working capital purposes.

Geomega Resources Inc. was represented by a team of Lavery, de Billy, L.L.P. comprised of Sébastien Vézina, Emilie Duguay (securities) and Éric Gélinas (tax).

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