An anonymous director reports

ADDENDUM TO OCTOBER 26 PRESS RELEASE – EXTENSION OF WARRANTS

Geomega Resources Inc. has released an addendum to its Oct. 26, 2023, press release relative to the warrants extension. The change is displayed herein.

Current expiry date as indicated in original press release:   Nov. 6, 2023

Current expiry date corrected:  Nov. 9, 2023

The rest of the information presented in the press release stays unchanged. The entire section now reads as shown in the attached table.

Geomega has filed to extend the expiry date of 11,459,093 warrants for one year as per the table herein, subject to the TSX Venture Exchange final approval.

These warrants were issued through the private placement of November, 2020, including 14,709,093 units and the same number of warrants (see press release of Nov. 10, 2020). There are no other proposed changes to the terms of the warrants.

About Geomega Resources Inc.

Geomega develops innovative technologies for extraction and separation of rare earth elements and other critical metals essential for a sustainable future. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the centre of all these technologies. Geomega's strategy revolves around gradually derisking its innovative technology and delivering cash flow and returning value to shareholders while working directly with the main players in these industries to recycle the magnets that power all those technologies.

As its technologies are demonstrated on larger scales, Geomega is committed to work with major partners to help extract value from mining feeds, tailings and other industrial residues which contain rare earths and other critical metals. Irrespective of the metal or the source, Geomega adopts a consistent approach to reduce the environmental impact and to contribute to lowering greenhouse gases emissions through recycling the major reagents in the process.

Geomega's process is based around its proprietary, low-cost, environmentally friendly way to tap into a $1.5-billion global market to recycle magnet production waste and end-of-life magnets profitably and safely.

Geomega also owns the Montviel rare earth carbonatite deposit, the largest National Instrument 43-101 bastnaesite resource estimate in North America, and holds over 16.8 million shares, representing approximately 14 per cent of the issued and outstanding shares, of Kintavar Exploration Inc., a mineral exploration company that is exploring for copper projects in Quebec, Canada.

We seek Safe Harbor.