IAS Imasight (Tier2)

Further to the news releases of February 28th and March 19th, 2014, Geomega
Resources Inc. ("GeoMegA" or the "Company") (TSX VENTURE:GMA) announces the
final closing (the "Final Tranche") of a brokered private placement with
Industrial Alliance Securities Inc. ("IAS") acting as agent consisting of
1,796,000 units (the "Units") at a subscription price of $0.60 per Unit for
gross proceeds of $1,077,600. Considering the first tranche of the private
placement, the total gross proceeds are $3,315,000 (the "Private Placement").


The Company will use the proceeds of the Private Placement for the ongoing
development of the separation process, exploration and development at the
Montviel property located in Quebec and working capital purposes.


Each Unit consists of one common share (a "Common Share") and one-half of one
share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant
entitles the holder thereof to acquire one additional common share at a price of
$0.90 per share for a period of 18 months from March 19, 2014.


The Company has paid IAS a cash commission on the sale of the Units of $49,363
and has issued 89,800 non-transferable agent's options to acquire such a number
of common shares at a price of $0.60 exercisable for a period of eighteen (18)
months from April 14, 2014.


The Common Shares and Warrants acquired in the Final Tranche are subject to a
holding period of four months plus one day and may not be traded until August
15, 2014 except as permitted by applicable securities legislation and the rules
of the TSX Venture Exchange.


About GeoMegA (www.geomega.ca)

GeoMegA, which owns 100% of the Montviel rare earth elements/niobium project
located in Quebec, is a mineral exploration and development company focused on
the discovery and sustainable development of economic deposits of metals, such
as rare earth elements, niobium and graphite, in Quebec. GeoMegA is committed to
meeting the Canadian mining industry standards and distinguishing itself with
innovative engineering, stakeholders engagement and dedication to local
transformation benefits.


GeoMegA currently has 48 820 883 common shares issued and outstanding.

Neither the 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 forecasted 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Simon Britt
President and CEO
GeoMegA
(450) 465-0099
info@ressourcesgeomega.ca

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