Mr. Kiril Mugerman reports

GEOMEGA RESOURCES INC. PROVIDES CORPORATE UPDATE

Geomega Resources Inc. has provided a corporate update with the following highlights:

• Annual general and special meeting date set for Oct. 22, 2025;
• Coming change in directors;
• Coming conferences;
• Securities exercised;
• Clarification on Montviel qualified person.

Annual general and special meeting 2025

Geomega's AGM will take place on Oct. 22, 2025, at 10 a.m. Eastern Time, at the offices of Dentons Canada LLP, 1 Place Ville-Marie, 39th floor, Montreal (Quebec), H3B 4M7. The company looks forward to meeting with its shareholders, sharing the corporation's progress and future outlook, and engaging in meaningful discussions. Shareholders are invited to attend in person or by video conference.

Shareholders who wish to attend the meeting virtually can register.

The company hopes to see many of you join it on this occasion.

Change in directors at coming AGM

Geomega is pleased to announce the nomination of Genevieve Ayotte, CPA, to its board of directors. Ms. Ayotte, currently chief financial officer of Arianne Phosphate Inc., will also assume the role of chair of the audit committee. She brings extensive expertise in finance, accounting, governance and auditing, including more than 14 years with PricewaterhouseCoopers LLP, where she served as a director in audit in the firm's Montreal office and specialized in public and private companies in the mining sector. She also served as president of the Women in Mining Montreal chapter for over five years through 2024.

On this occasion, the corporation also announces that Gilles Gingras, director and chair of the audit committee, will be retiring from the board following 12 years of dedicated service.

"On behalf of the corporation, I wish to extend our sincere gratitude to Gilles for his leadership, commitment and invaluable contributions to Geomega's development and success," said Kiril Mugerman, president and chief executive officer. "At the same time, we are very pleased to welcome Genevieve as we continue to advance Geomega's growth strategy towards becoming a leading technology royalties company," added Mr. Mugerman.

Coming conferences

Geomega is excited to announce that its management team will attend and present at the coming conferences:

• ICSOBA 2025: The 43rd conference and exhibition of the International Committee for the Study of Bauxite, Alumina and Aluminium will be held from Oct. 26 to Oct. 31, 2025, in Nanning, Guangxi province, China, where Geomega's chief technology officer, Dr. Pouya Hajiani will present on "Waste to Value -- Sustainable Valorization of Bauxite Residues."
• IFCURM 2025: The International Forum on Comprehensive Utilization of Bauxite Residue will be hosted from Oct. 31 to Nov. 3, 2025, in Nanning, Guangxi province, China. At that event, Geomega and its partner Rio Tinto will present on the work achieved as part of its critical and strategic mineral extraction from the bauxite residue project.
• TMS 2026: The 155th annual meeting and exhibition for minerals, metals and materials will be hosted from March 15 to March 19, 2026, in San Diego, Calif., United States. At the event, Geomega's chief technology officer, Dr. Hajiani, will present on its sustainable bauxite residue valorization technology.

Exercise of various financial instruments

Since the beginning of the current fiscal year (June 1, 2025), the corporation has raised over $735,060 through the exercise of various financial instruments (warrants and options) resulting in the issuance of a combined total of 5,354,667 common shares. Geomega continues to receive strong support from its largest shareholders as it advances its construction of the rare earth recycling demonstration plant and its research and development program for bauxite residues valorization toward a licensing business model.

Clarification on Montviel hydrometallurgical work press release

Geomega provided an update on Montviel hydrometallurgical process developments on June 17, 2025. Dr. Hajiani serves as the corporation's chief technology officer; however, he is not a qualified person as defined under Section 2.1 of National Instrument 43-101 (Standards of Disclosure for Mineral Projects). For further clarification, the qualified person responsible for reviewing and approving the scientific and technical information disclosed in the June 17, 2025, press release is Russell Boehme, PEng, who has reviewed and approved the information presented.

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. Geomega works with various feed streams to apply its technologies to waste valorization. This includes NdFeB magnet recycling, bauxite residue and sulphide tailings processing. Geomega's strategy revolves around gradually derisking its innovative technology, delivering cash flow and returning value to shareholders while working directly with the main players in their respective industries.

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 also owns the Montviel rare earth carbonatite deposit, the largest National Instrument 43-101 bastnasite 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.

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