GeoMegA Announces Management Changes, Creates Sustainability Position

MONTREAL, QUEBEC--(Marketwire - April 30, 2012) - Geomega Resources Inc. ("GeoMegA" or the "Corporation") (GMA.V - News) announces the nomination of Mr. Sebastien Vezina as Corporate Secretary, of Mr. Mario Spino as Chief Financial Officer, and the promotion of Mr. Alain Cayer as Vice-President Exploration and Mr. Frederic Gauthier as Director of Sustainability.

"These movements in GeoMegA are motivated by the rapid evolution of the Company since its IPO. These changes are aimed to keep the momentum gained in developing the Montviel deposit while strengthening investor relations and Montviel's position in the Plan Nord. " comments Patrick Godin, Chairman of GeoMegA.

Corporate Secretary nomination

Mr. Vezina is a graduate of Laval University with a Bachelor of Laws (civil law program) and later obtained his Bachelor of Laws (common law program) at the University of Western Ontario. The experience of Mr. Vezina in governance, in financing of public corporation, in negotiating business agreements and development agreements in connection with the Plan Nord will significantly contribute to the evolution of GeoMegA for years to come.

Mr. Vezina is a partner at Lavery, de Billy, L.L.P. and is a member of the Quebec Bar and Canadian Bar Association. He replaces Andre Lacroix, partner at Lacroix Freres Consultants, in position since joining GeoMegA in April 2010. The Board of Directors thank Mr. Lacroix for his dedication to the Company during its start-up and IPO and wish him continued success.

Chief Financial Officer nomination

Mr. Spino is a graduate of the Hautes Etudes Commerciales in Montreal with a B.A.A and a M.Sc. in Financial Engineering. Previously, he was a market risk manager for KPMG and Desjardins Caisse Centrale.

Mr. Spino will be responsible for financing strategies, financial reporting and investor relations. He will replace the position previously occupied by Mr. Rene Lacroix who was assumed on an interim basis by Mr. Simon Britt, CEO of GeoMegA. Mr. Spino is a Director of GeoMegA since the start of the Company in April 2010 and will continue to act as Director of the Company.

Vice-President Exploration promotion

Mr. Cayer is a graduate of the University of Quebec in Montreal with a B.Sc. in Geology and a M.Sc. in mineral characterisation. Mr. Cayer joined GeoMegA in September 2011 as Chief Geologist and is the qualified person on the Montviel project. Previously, he was project manager for Virginia Mines Inc. where he was notably involved in the discovery and development of the Eleonore gold deposit in Quebec.

Mr. Cayer is a member of l'Ordre des geologues du Quebec. He replaces Mr. Jacquelin Gauthier, who held the position since joining GeoMegA in June 2011. The Board of Directors thank Mr. Gauthier for his efforts in fast-tracking Montviel's development, notably in successfully completing Phase 2 drilling, and wish him success in his future endeavours.

Director of Sustainability nomination

Mr. Frederic Gauthier is a graduate of the University of Quebec in Montreal with a B.Sc. in Geography. Previously, he was consultant in sustainability for mining companies in the Abitibi and James Bay regions of Quebec.

Mr. Gauthier will be responsible for the coordination of permit applications, environmental studies and community relations. He will help ensure that GeoMegA complies with all its social responsibilities within a framework of sustainability in addition to the social acceptability of the Montviel project.

About GeoMegA

GeoMegA, which owns 100% of the Montviel Rare Earths/Niobium project, is a Quebec mineral exploration company focused on finding economically viable deposits of Minor Metals in Quebec. GeoMegA is committed to meeting Canadian mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

28,899,113 common shares of GeoMegA are currently issued and outstanding.

Simon Britt, Chief Executive Officer

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