Montreal, Québec, September 30, 2011 – Géoméga Resources Inc. (“GéoMégA“) (TSX.V: GMA) is pleased to announce that Patrick Godin, Eng., Asc., has been nominated Chairman of the Board of Directors of GéoMégA.
Mr. Patrick Godin, Eng., Asc., is Chief Operating Officer (COO) and Vice President of Stornoway Diamond Corporation since May 2010. As COO, Mr. Godin is directly responsible for the development of the Feasibility-stage of the Renard Diamond Project, located in north-central Québec, on track to becoming Québec’s first diamond mine.
Prior to joining Stornoway, Mr. Godin acted as Vice President, Project Development for G Mining Services, focused on the development of mining projects in the Americas and West Africa.
Before that, he acted as Vice President of Operations for Canadian Royalties, specifically heading the development of their nickel project in Northern Québec. He was also President and General Manager of CBJ-CAIMAN S.A.S., a French subsidiary of Cambior / IAMGOLD, holder of the Camp Caïman gold mining project located in French Guiana. For many years, he progressed with Cambior’s various Canadian properties in Abitibi-Témiscamingue; through progressive management positions, he led a gold extraction operation and contributed greatly to the implementation of Cambior’s sustainability program.
Mr. Godin holds a bachelor’s degree in mining engineering from Université Laval in Québec. Mr. Godin is a member of the “Ordre des Ingénieurs du Québec”, of the Certified Directors College and of The Canadian Institute of Mining, Metallurgy and Petroleum (CIM). He sits on the board of Orbit-Garant Drilling.
“Mr. Godin’s knowledge on mining project development, First Nations, permitting and Québec Government made him a shoe in for the Chairman position. He replaces Claude Britt who takes over the Advisory Committee duties. Mr. Godin’s wealth of experience and personality are huge additions to the new Board of Directors.” comments Simon Britt, CEO of GéoMégA.
New Board of Directors
GéoMégA shareholders elected a new Board of Directors at the annual and special meeting of shareholders (AGM) held in Montreal on September 30, 2011. The following individuals are to serve as directors until the next AGM: Teo Dechev, Jean-Charles Potvin, Mario Spino, René Lacroix, and Simon Britt.
“It has been gratifying to receive strong shareholder support for the new Board. We are thankful that the proxy contest initiated by a dissident group shortly before the annual and special meeting of shareholders has come to a close and the Board looks forward to continuing to operate GéoMégA in a manner consistent with the best interests of all shareholders.” adds Mr. Britt.
Following the AGM, GéoMégA announces that it has granted a total of 878,540 incentive stock options with an exercise price of $1.50 per share to its chairman, directors and officers. These options granted vest gradually over a period of 24 months from the date of the grant, at a rate of ¼ per six-month period and will expire five years from the date of the grant.
GéoMégA, which owns 100% of the Montviel property, is a young Québec mining exploration company focusing on finding economically viable deposits of elements needed by Clean Technologies.
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 22,185,399 common shares outstanding and is well funded.
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.
For Investors: For Medias:
Simon Britt Stéphane Dion
President and CEO, GéoMégA NATIONAL public relations