EDITOR: | January 26th, 2015

Geomega Resources Inc.: Management Appointments

| January 26, 2015 | No Comments

GeoMegAJanuary 26, 2015 (Source: Marketwired) — Highlights of the news release:

  • Dr. Pouya Hajiani promoted Chief Technology Officer
  • Mr. Derek Lindsay appointed Chief Financial Officer
  • Mr. Kiril Mugerman officialised Director of Corporate Development

Geomega Resources Inc. (“GéoMégA” or the “Company“) (TSX VENTURE:GMA) is pleased to announce the appointments of Dr. Pouya Hajiani as Chief Technology Officer (“CTO“), Mr. Derek Lindsay as Chief Financial Officer (“CFO“) and Mr. Kiril Mugerman as Director of Corporate Development. All appointments are effective immediately.

“Pouya has a rare combination of brilliance and hard work ethics and has been instrumental in all metallurgical progress of our rare earth elements projects. A well deserved promotion for a home run addition comparable to Alain Cayer back in September 2011. Derek and Kiril add a significant amount of financial knowledge in both the industrial minerals and technology sectors. Key additions as we develop multiple projects in difficult market conditions.” comments Simon Britt, President and CEO of GéoMégA.

Pouya Hajiani, Ph. D., promoted CTO

Dr. Hajiani joined the management team in February 2013 and brings experience in process design and optimization to GéoMégA. He worked in collaboration with IFP group as an engineer and later, as a supervisor to develop process simulators. In 2007, he joined a research group in Canada to pursue higher education. He holds a Ph.D. Cum Laude (chemical engineering) from Laval University and a M.Sc. Cum Laude (process design) and a Bachelor degree (chemical engineering) from Tehran University.

Dr. Hajiani is the inventor of the physical separation process proprietary to GéoMégA.

Derek Lindsay, MBA, appointed CFO

Mr. Lindsay replaces Mr. Simon Britt who held the position on an interim basis. He brings broad experience, in Canada and internationally, from senior finance roles at Arianne Phosphate Inc. (“Arianne”), Cryocath, Aeroplan, and Bell Canada International as well as Imasco and CIBC Wood Gundy. At Arianne, he served as CFO. Mr. Lindsay is also a partner at Sierra Financial Corp., a consulting company offering financial, strategic and capital markets advice to growing companies in the mining and other sectors. He holds an MBA from the Tuck School of Business at Dartmouth and a Bachelor of Arts from Middlebury College.

Kiril Mugerman officialised as Director of Corporate Development

Mr. Mugerman joined the management team in September 2014 and brings both technical and financial experience to GéoMégA. He worked on advanced stage exploration projects internationally at Gold Fields Ltd. prior to joining Industrial Alliance Securities Inc. (“IAS”) as a mining analyst. At IAS, he served as mining analyst in the industrial minerals sector focusing in the rare earth elements, graphite and potash sectors. He holds a Bachelor degree with Honours (earth and planetary sciences) from McGill University.

Stock Option Grant

Pursuant to the Company’s Stock Option Plan, a total of 100,000 stock options at an exercise price of $0.14 per option have been granted to an officer and to employees. These options may be exercised for a period of 5 years after the grant date and they vest gradually over a period of 24 months from the day of grant, at a rate of 1/4 per six-month period, in accordance with the terms of the stock option plan of the Company.

About GéoMégA (www.geomega.ca)

GéoMégA is a mineral exploration company focused on the discovery and sustainable development of economic deposits of metals in Québec. GéoMégA is committed to meeting Canadian mining industry standards and distinguishing itself with its innovative engineering, stakeholders engagement and its dedication to local transformation benefits.

GéoMégA currently has 56,989,560 common shares issued and outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautions Regarding Forward-Looking Statements

This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company’s filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.


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