GéoMégA Subsidiary Innord Receives Validation from End User for Magnet Grade Purity Neodymium

“This is another major milestone achieved by Innord which brings us a step closer to providing an alternative source of supply of rare earth oxides to the permanent magnet industry outside of China. We will now be focusing on purification of other rare earth oxides, larger volume tests and demonstrations and moving towards building our initial larger capacity units prior to starting commercial production from industrial residues.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.

GéoMégA Announces Closing of Another Private Placement for $265,200

Geomega Resources Inc. is pleased to announce the closing of the second and final tranche of its previously‐ announced non‐brokered private placement of Units at $0.08 per Unit. Together with the first tranche, the Offering has resulted in aggregate proceeds of approximately $500,000. In order to accommodate demand, the Corporation has increased the size of the Offering by the maximum amount authorized by the TSX Venture Exchange.

GéoMégA Announces Closing of Final Tranche of Oversubscribed Private Placement

Geomega Resources is pleased to announce the closing of the second and final tranche of its previously‐ announced non‐brokered private placement of Units at $0.08 per Unit. Together with the first tranche, the Offering has resulted in aggregate proceeds of approximately $500,000. In order to accommodate demand, the Corporation has increased the size of the Offering by the maximum amount authorized by the TSX Venture Exchange. Each Unit consisted of one common share and one‐half of one Share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.15 per Share for a period of twenty‐four (24) months from the closing date.

GéoMégA Subsidiary Innord Achieves 99.5%+ Magnet Grade Purity Neodymium

“It has been a long six months of work but we are finally producing 99.5%+ magnet grade / commercial purity neodymium oxide. This is a major achievement for our team. To be able to produce large volumes of high purity neodymium oxide (Nd2O3) at a competitive operating cost and a low capital cost is a major breakthrough for rare earth separation. We believe our approach of working with the downstream permanent 3 magnet industry will help close the loop in western rare earth supply for the permanent magnet industry while it will de‐risk our ISR Method technology. With this major achievement we believe that we are one step closer to having rare earth oxides produced once again in North America. The rare earths are already considered as critical materials, and with the recent geopolitical tensions and threats of trade wars in the news, rare earth elements could take center stage once again similar to 2010 and 2011. The long‐term R&D and careful de‐ risking approach that Innord has committed to could be maturing at exactly the right time.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.