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GéoMégA Resources Inc. – Physical Separation of REE

Geomega Resources Inc.

Overview

GéoMégA Resources Inc. (TSXV:GMA), which owns 100% of the Montviel rare earth elements/niobium project located in Québec, is a mineral exploration and development company focused on the discovery and sustainable development of economic deposits of metals, such as rare earth elements, niobium and graphite, in Québec. GéoMégA is committed to meeting Canadian mining industry standards and distinguishing itself with its innovative engineering, stakeholders engagement and its dedication to local transformation benefits.

Together with Germany-based partners, the Company is developing a physical separation process as a sustainable alternative to China’s solvent extraction method. Tests have confirmed the physical separation of REE, with the physical separation process having the potential to dramatically reduce the capital required to build separation facilities compared to conventional techniques and optimize REE recovery.

GéoMégA currently has 42,825,238 common shares issued and outstanding.

Proprietary Physical Separation Process

Purification and separation of individual REE includes many consecutive steps, each resulting in minute improvement in the complex REE stream. Purity of a mixed REE concentrate is critical as the selling price of an REE concentrate is based on the distribution of each REE and the impurities of the composition.

GéoMégA is developing a process that is solvent-free and sustainable, using free flow electrophoresis (FFE) technology to create separation between REE. The process has the potential to dramatically reduce capital required to build separation facilities as compared to conventional techniques like fractional precipitation, ion exchange and solvent extraction, optimize REE recovery and improve the environmental performance of operations.

Tests have confirmed that all REE are separated simultaneously and not sequentially. The process is solvent-free, which mitigates environmental risks in addition to reducing operating costs.

According to Simon Britt, President and CEO of GéoMégA, “Not only the separation occurs simultaneously, the slower and less abundant heavy REE are the easiest to isolate using our physical approach. A lot of process optimization and engineering work ahead of us but the confidence level in commercial scale-up is now very high. The world is funding research and development for a sustainable alternative to solvent extraction dominated by China, this breakthrough developed with our partners over the last two years leads us to believe we are close to succeeding.”

Geomega-REE-Separation

MONTVIEL World Class Deposit

The 100% owned MONTVIEL Rare Earths Elements/Niobium Project is located 100 km north of Lebel-sur-Quévillon and 45 km west of the Cree First Nation of Waswanipi in Quebec, and covers 8,830 hectares. The Project carries a 2% net royalty to NioGold Mining Corp. (TSXV: NOX).

MONTVIEL has permanent access via a network of oversize logging roads, after a 57km drive from highway 113, which connects Val d’Or and Chibougamau. Heavy equipment can be mobilized by truck directly to the Project site.

Geomega-Location

In September 2011, the Company released an initial NI 43-101 compliant resource calculation stating an estimated 183.9 million indicated tonnes averaging 1.45% total rare earth oxide (REO) in addition to 66.7 million inferred tonnes averaging 1.46%total REO. The resource estimate is based on 19 of the 20 diamond drill holes (8,856m) drilled between December 2010 and May 2011.

Geomega-Montviel-Initial-Resource-Estimate

A 50-hole, Phase 2 drill program was completed in July 2012, which consisted of 50 holes (46 in the Core Zone) totaling 24,000 meters. The Phase 1 drill program consisted of 20 holes (18 in the Core Zone) totaling 10,065 meters.

A NI 43-101 compliant resource estimate update is expected in March, 2014.

Sustainability

GéoMégA has a Pre-Development Agreement with the Grand Council of the Crees (Eeyou Istchee) / Cree Regional Authority and the Cree First Nation of Waswanipi. The Agreement provides the Crees with business and employment opportunities during the period of pre-development activities leading up to a potential production decision at the project, the completion of a comprehensive Business and Employment Capacity Study and employment opportunities from an eventual Montviel Rare Earths Mine, and the creation of a joint communication strategy. The Agreement also provides assistance for the Crees in the preparation of an Environmental and Social Impact Assessment for Montviel, and any other relevant environmental and social assessment studies.

GéoMégA also has a Partnership Agreement in place with the City of Lebel-sur-Quévillon in the James Bay region of Québec. The Agreement provides for the creation of a Montviel Development Committee that will consolidate efforts towards mutual interest such as communication, local employment and the economic diversification.

Management

Simon Britt, CPA, CA – President and Chief Executive Officer, Director

  • IPO of GéoMégA in 5 months (September 2010)
  • Discovery and initial 43-101 of Montviel within 10 months
  • > 85% of net financing in exploration and development

Alain Cayer, P. Geo., M.Sc. – Vice President, Exploration

  • PDAC Prospector of the year in 2005 – Éléonore gold discovery (Québec)
  • Revealing of Montviel (Enrichment zone and Heavy Rare Earth zone)
  • Prior to joining GéoMégA, Mr. Cayer was Senior Project Geologist at Virginia Mines

Pouya Hajiani, Ph.D – Process Engineering

  • Holds a PhD in chemical engineering with a strong background in physical separation, particularly magnetic separation.
  • Before joining GéoMégA, he has been working as process engineer and project manager for several petrochemical companies in Middle East under supervision of RSI (IFP Group, France).
  • Received his PhD from Laval University under the supervision of professor Faïçal Larachi. During his PhD, he developed a new concept in process intensification that uses magnetic material to intensify chemical processes in micro/nano scale, far beyond the molecular transport limitation.

Patrick Godin, Eng. – Chairman

  • COO of Stornoway Diamonds (T.SWY)
  • 7 Feasibility studies to date Denis Hamel, Eng. (Director)
  • Manager of Glencore’s Hackett River project (base metals) in Nunavut
  • More then 20 years of experience in mineral processing

Paul-Henri Couture, CFA – Director

  • Founder and president of Minvest Capital.
  • Former president and director of Sentient Group Canada
  • Responsible of the development and management of a $3B fund at la Caisse

Denis Hamel, Eng. – Director

  • Currently manager of the Hackett River base metals project in Nunavut.
  •  From 2005 and 2007 he was processing manager at CBJ-CAIMAN S.A.S., the Cambior, and subsequently IAMGOLD, subsidiary in French Guiana.
  • Between 1993 and 2005 he held successively senior positions with Noranda Inc., Cambior Inc. and Xstrata Zinc.
  • Member of the Ordre des Ingénieurs du Québec, a member of the Canadian Mineral Processors Society (“CMP”) and a member of the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”).