Geomega Resources Inc. (GMA-TSX.V)

Geomega Resources Inc. ("GeoMegA" or "the Company") is a young mineral exploration company focused on identifying economically viable deposits of clean technology metals in Quebec. The Company holds 20 properties (including one property option) targeted toward the discovery and production of rare earth elements (REE) and other minerals, such as niobium and graphite, which are necessary for 21st century technologies. In August 2011, GeoMegA received final assay results from a 10,000-meter, 20-hole Phase I drill campaign at its flagship REE property, the Montviel carbonatite. On September 29, 2011, GeoMegA announced its initial National Instrument 43-101-compliant resource calculation, which totaled 183.9 million tonnes (Mt) of indicated resources averaging 1.45% total rare earth oxides (TREO) in addition to 66.7 Mt of inferred resources averaging 1.46% TREO. Considerable quantities of neodymium oxide, a key REE used in the manufacture of permanent magnets, were identified in the mineralized zone. The 43-101 calculation also demonstrated the presence of other critical rare earths and niobium. A Phase II drill program began in September 2011. The Company believes that Montviel has advantages over other rare earth deposits globally, including the presence of a sizable carbonatite that may translate into continuous REE supply for many years. At 32 square kilometers, GeoMegA believes the Montviel carbonatite is among the largest in North America. As well, the property's road accessibility and proximity to services and infrastructure will likely reduce the time and costs of ramping up mining operations if an economical mineral deposit is confirmed.

* The Corporate Snapshot was last updated on January 9, 2012.