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GéoMégA re-prices Equity Offering

GéoMégA re-prices Equity Offering

For immediate distribution

Montréal, June 30, 2011 – Géoméga Resources Inc. (GéoMégA) (TSX.V: GMA) reports that it has changed the terms of the private placement announced on June 13, 2011. The final terms of the private placement will be an offering of 2,127,659 Units at a price of $2.35 per Unit for total gross proceeds of $5,000,000 before commissions and fees (the “Offering”). Each Unit consists of one common share and one common share purchase warrant. Each purchase warrant is exercisable at a price of $2.85 for a period of 24 months from the date of closing. Closing of the Offering is subject to the approval of the TSX Venture Exchange. The Offering will be completed by a syndicate of agents led by Mackie Research Capital.

GéoMégA, which owns 100% of the Montviel property, is a Québec mining exploration company specialized in finding economically viable deposits of elements needed by Green Technology. GéoMégA is committed to meeting the highest mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

GéoMégA’s mining portfolio is located in the Abitibi and Upper Laurentian regions of Québec. GéoMégA currently has 19,607,740 common shares outstanding, 3,573,925 warrants and 1,365,000 options.

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 more information contact:

Simon Britt
President and CEO
Tel.:       450-465-0099