Mr. Simon Britt reports

GEOMEGA RESOURCES INC.: GOLD-BEARING CORRIDOR ON ANIK INCREASES TO 600 METERS

Futher to the news releases of Aug. 29 and Sept. 4, 2014, Geomega Resources Inc. has discovered a new gold-bearing outcrop extending the mineralized corridor by 350 metres on its Anik property located 40 kilometres south of Chapais, Que. The four mineralized outcrops, more than 600 metres apart, confirm the extension and gold potential of the corridor. In addition, a second four-cubic-metre angular block, located 50 metres south of the discovery outcrop (Orbi showing), was mechanically stripped and graded up to 2.61 grams per tonne Au. Finally, a resampling of the 200-NE outcrop (Mirador showing) graded 11.35 g/t Au in the quartz vein and 1.38 g/t Au in its host rock. The gold-bearing corridor is located within an important structural zone of the Guercheville/Opawica deformation corridor.

Highlights of this news release:

• New quartz-pyrite-molybdenum stockwork outcrop grading 1.6 g/t Au located 400 metres southwest of the discovery outcrop;
• Second four-cubic-metre angular block grading up to 2.61 g/t Au located 50 metres south of the discovery outcrop;
• Resampling of the 200-NE outcrop grading 11.35 g/t Au and 1.38 g/t Au;
• Geophysics groundwork in preparation for diamond drilling completed.

"The latest mineralized outcrop, a quartz-pyrite-molybdenum stockwork in a sedimental unit, confirms the significant hydrothermal activity in this sector of the Guercheville/Opawica deformation corridor. With this outcrop, this sector of the Anik property showcases numerous geological characteristics of the gold mines and deposits present in the deformation corridor. With the ground geophysics work now completed, we will use the October hunting season break to compile the data and to prepare for the initial diamond drilling campaign," comments Alain Cayer, vice-president, exploration, of Geomega.

Details of the gold-bearing corridor on the Anik property (maps and pictures) are available on the company's website.

Mining claims acquisition

The company signed on Sept. 22, 2014, a purchase and sale agreement with arm's-length parties to acquire from vendors a 100-per-cent interest in six mining claims contiguous to the Anik property. In consideration for these claims, Geomega has agreed to pay the vendors a cash payment of $2,000 and to issue to the vendors 30,000 common shares of Geomega, which will be subject to a hold period of four months and one day from the date of their issuance.

Closing of this acquisition remains subject to the approval of the TSX Venture Exchange.

About the Anik property

The Anik property is located 40 kilometres south of the town of Chapais in Quebec, and consists of 145 mining claims covering an area of approximately 8,116 hectares. The project benefits from a permanent access, public infrastructure and an experienced work force in the immediate vicinity.

National Instrument 43-101 disclosure

Alain Cayer, PGeo, MSc, vice-president, exploration, Geomega, is the qualified person under NI 43-101 guidelines who supervised and approved the preparation of the technical information in this news release.

All samples have been assayed at the ALS Global laboratory in Val d'Or by standard fire assay followed by atomic absorption and by gravimetry if results are greater than 0.5 g/t Au. A multielemental analysis by aqua regia and spectroscopy (ICP-AES/MS) will be realized at the ALS Global laboratory in Vancouver for each sample. Quality controls include systematic addition of blank samples and certified gold standards to each batch sample sent to laboratories.