Mr. Kiril Mugerman reports

GOLDEN PURSUIT ANNOUNCES APPROVAL OF NWT GRANT

Geomega Resources Inc.'s Karine Emond has resigned from the board of directors of the corporation. The board would like to thank Ms. Emond for her positive contributions to the corporation, and it wishes her success in her future endeavours.

The board is considering the corporation's options with respect to the future composition of the board and will issue a further news release if and when a replacement is identified.

About Geomega Resources Inc.

Geomega develops innovative technologies for the 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 neodymium magnets (NdFeB) are at the centre of all these technologies. Geomega's strategy revolves around gradually derisking its innovative technologies and delivering cash flow and return 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-gas 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 13 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.