GeoMegA Resources Inc.
TSX VENTURE : GMA

GeoMegA Resources Inc.

February 14, 2012 11:15 ET

GeoMegA Drills 46.5m of 3.09% TREO + 0.60% Nb2O5

South-west portion of Montviel Core Zone enriched in Rare Earths and Niobium

MONTREAL, QUEBEC--(Marketwire - Feb. 14, 2012) - Geomega Resources Inc. (GéoMégA) (TSX VENTURE:GMA) announces Phase 2 drilling results on its Montviel Rare Earths/Niobium project located near Lebel-sur-Quévillon, Québec. Highlights include:

MVL-11-32D: 2.08% total rare earth oxides (TREO) + 0.22% Niobium oxide (Nb2O5) over 245.9 m from 52.6 m;

Including: - 3.28% TREO + 0.25% Nb2O5 over 31.5 m from 174 m;
- 2.59% TREO + 0.55% Nb2O5 over 19.5 m from 219 m.

MVL-11-34: 1.84% TREO + 0.30% Nb2O5 over 249.75 m from 187.5m;

Including: - 2.25% TREO over 119.25 m + 0.39% Nb2O5 from 318 m;
- 3.09% TREO over 46.5 m + 0.60% Nb2O5 from 318 m.
MONTVIEL CORE ZONE
Significant Assay Results - Phase 2 drill program
Diamond drill hole (DDH) No. Section/
Dip/Az
From To Core
length
(1)
TREO
(2)
Nd2O3(3) MHREO
TREO
Nb2O5(3)
(m) (m) (m) (%) (%) (%) (%)
MVL-11-27 5+90W/-55/330 72.7 152 79.3 1.51 0.22 3.17 0.16
Incl. 106.5 152 45.5 1.58 0.24 3.48 0.25
204 716.5 512.5 1.21 0.21 5.00 0.16
Incl. 343.5 716.5 373 1.19 0.21 5.59 0.20
MVL-11-28 4+00W/-55/330 63 192 129 1.49 0.22 1.94 0.10
Incl. 69 112.5 43.5 1.80 0.25 1.73 0.07
MVL-11-29B 4+00W/-55/330 60.2 491 430.8 1.28 0.21 3.37 0.11
Incl. 95.5 266.6 171.1 1.45 0.24 2.58 0.14
Incl. 428.3 486.5 58.2 2.11 0.36 3.00 0.13
MVL-11-31 6+80W/-55/330 35.5 171.7 136.2 1.47 0.25 3.27 0.14
MVL-11-32D 6+80W/-55/330 52.6 372 319.4 1.87 0.29 3.24 0.21
Incl. 52.6 298.5 245.9 2.08 0.32 3.23 0.22
Incl. 174 205.5 31.5 3.28 0.49 2.97 0.25
Incl. 219 238.5 19.5 2.59 0.39 3.09 0.55
MVL-11-34 6+80W/-55/330 187.5 437.5 249.75 1.84 0.28 3.19 0.30
Incl. 318 437.25 119.25 2.25 0.33 2.84 0.39
Incl. 318 364.5 46.5 3.09 0.41 2.41 0.60
MVL-11-35 3+00W/-55/330 206 364.3 157.5 1.74 0.30 2.76 0.19
1. True width is estimated to be 85% of core length
2. Cerium, Lanthanum, Neodymium, Praseodymium are the most abundant REO.
3. 0.1% = 1 kg/t.

Phase 2 definition drilling now totals 17,500 m over 37 DDH with 22 DDH to be fully assayed. Completion of Phase 2, an additional 6,300 m over 13 new DDH, is expected by the end of March 2012 with an NI 43-101 Core Zone resource update by the end of summer 2012. Complete assays for DDH MVL-11-30 were not received as at the date of this release, highlights will be disclosed with the next series of DDH when assays are available.

The updated Montviel Core Zone surface plan with DDH collars and significant intersections can be found at http://www.ressourcesgeomega.ca/project_montviel.php under "Exploration and Development".

MONTVIEL EXPLORATION
Significant Assay Results - Phase 2 drill program
DDH No. Dip/Az From To Core
length
(1)
TREO
(2)
Nd2O3
(3)
Dy2O3 MHREO
TREO
Nb2O5
(3)
(m) (m) (m) (%) (%) (ppm) (%) (%)
MVL-11-33B -45/150 312 336 24 2.09 0.33 75 5.4 0.19
798 804 6 1.26 0.25 247 20.4 1.98

Dysprosium

DDH MVL-11-09 intersected a breccia of 17.1 m (true width estimated at 85%) averaging 0.76% TREO with 28% MHREO/TREO including 210 ppm dysprosium oxide. DDH MVL-11-33B intersected 6 m in calcio-carbonatite (true width estimated at 90%) averaging 1.26% TREO with 20.4% MHREO/TREO including 247 ppm dysprosium oxide. The distribution of the mineralization is similar in those two intersections which are located approximately 800 m apart. The significant spacing and location indicates there is a possible dysprosium enriched zone bordering the Montviel Core Zone.

Departure of CFO

GéoMégA announces the departure of its CFO, René Lacroix, effective January 31, 2012, to concentrate on his core business activities. Mr. Lacroix, partner at LacroixFrères Consultants, joined GéoMégA in April 2010. Simon Britt, CA, CEO of GéoMégA, will assume the responsibility of CFO on an interim basis. The Board of Directors and Management thank Mr. Lacroix for his dedication to the Company during its start-up and IPO and wish him continued success.

NI 43‐101 Disclosure

Alain Cayer, Geo., MSc., Chief Geologist, is the Qualified Person who supervised the preparation of the technical information in this news release.

ALS Global conducted all analyses in their Vancouver laboratory. The analyses were done on every sample using lithium metaborate fusion, followed by ICP analysis and completed by mass spectrometry. Specific XRF assays were conducted on niobium. Quality control and assurance were done by systematically using REE standards, blanks and duplicates.

Total Rare Earth Oxides ("TREO") include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.

Middle and Heavy Rare Earth Oxides ("MHREO") is the sum of the middle rare earth oxides (Sm2O3, Eu2O3, Gd2O3) and the heavy rare earth oxides (Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3) plus Y2O3 expressed as a percent out of the TREO content.

About GéoMégA

GéoMégA, which owns 100% of the Montviel property (initial NI 43-101 resource totaling 183.9 Mt averaging 1.45% TREO Indicated and 66.7 Mt averaging 1.46% TREO Inferred), is a Québec mining exploration company focused on finding economically viable deposits of elements needed by Clean Technologies such as Rare Earths and Graphite. GéoMégA is committed to meeting stringent mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

GéoMégA currently has 22,732,327 common shares outstanding.

On behalf of the Board of Directors of
GéoMégA
/s/ "Simon Britt"
Simon Britt
Chief Executive Officer

Forward-Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange and its regulatory service provider (as defined in the TSX-V Rules) cannot be held responsible for the accuracy or veracity of this release.

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