Mr. Simon Britt reports

GEOMEGA RESOURCES INC.: FINAL CLOSING OF A PRIVATE PLACEMENT

Further to the news release of June 19, 2015, Geomega Resources Inc. has completed the final closing of a private placement consisting of 1,294,444 units at a price of 18 cents per unit for aggregate gross proceeds of $233,000. Considering the first tranche of the private placement, the total gross proceeds are $1,068,840.

The company will use the proceeds of the private placement for surface exploration on its gold project portfolio and working capital purposes.

Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder thereof to acquire one additional common share at a price of 23 cents per share for a period of 24 months from July 3, 2015.

The common shares and warrants acquired in the final tranche are subject to a hold period of four months plus one day from the closing date, except as permitted by applicable securities legislation and the rules of the TSX Venture Exchange.

The company has the right to force the exercise of the warrants if, after the hold period of four months plus one day, the volume-weighted average price of the common share exceeds 50 cents for at least 10 days. Holders of warrants shall have 30 days to exercise the warrants following notification by the company, failing which the warrants will automatically expire.

We seek Safe Harbor.