GeoMegA Announces Management Changes, Creates Sustainability Position
For immediate distribution
MONTREAL, April 30, 2012 – Geomega Resources Inc. (TSX.V: GMA) (“GéoMégA” or the “Company”) announces the nomination of Mr. Sébastien Vézina as Corporate Secretary, of Mr. Mario Spino as Chief Financial Officer, and the promotion of Mr. Alain Cayer as Vice-President Exploration and Mr. Frédéric Gauthier as Director of Sustainability.
« These movements in GéoMégA 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 GéoMégA.
Corporate Secretary nomination
Mr. Vézina 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. Vézina 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 GéoMégA for years to come.
Mr. Vézina is a partner at Lavery, de Billy, L.L.P. and is a member of the Québec Bar and Canadian Bar Association. He replaces André Lacroix, partner at Lacroix Frères Consultants, in position since joining GéoMégA 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 Études 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. René Lacroix who was assumed on an interim basis by Mr. Simon Britt, CEO of GéoMégA. Mr. Spino is a Director of GéoMégA 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 Québec in Montreal with a B.Sc. in Geology and a M.Sc. in mineral characterisation. Mr. Cayer joined GéoMégA 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 Éléonore gold deposit in Quebec.
Mr. Cayer is a member of l’Ordre des géologues du Québec. He replaces Mr. Jacquelin Gauthier, who held the position since joining GéoMégA 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. Frédéric Gauthier is a graduate of the University of Québec 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 GéoMégA complies with all its social responsibilities within a framework of sustainability in addition to the social acceptability of the Montviel project.
About GéoMégA (ressourcesgeomega.ca)
GéoMégA, which owns 100% of the Montviel Rare Earths/Niobium project, is a Québec mineral exploration company focused on finding economically viable deposits of Minor Metals in Québec. GéoMégA 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.
29,274,113 common shares of GéoMégA are currently 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.
/s/ « Simon Britt »
Chief Executive Officer
For more information contact:
President and CEO
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.