Mr. Kiril Mugerman reports

GEOMEGA ANNOUNCES ANNUAL MEETING RESULTS, CORPORATE REBRANDING, AND GRANTS EQUITY AWARDS

Geomega Resources Inc. shareholders approved all the resolutions set out at the annual general and special meeting (AGM) of shareholders held on Oct. 22, 2025. The company has also unveiled a new corporate brand identity and granted certain equity-based awards under its omnibus incentive plan.

Annual meeting results

All resolutions presented at the AGM were approved by the shareholders. These resolutions included the appointment of directors and the auditor, as well as the renewal of the omnibus incentive plan.

Kiril Mugerman, Kosta Kostic, Matthew Silvestro, Nicholas Nickoletopoulos and Genevieve Ayotte were elected to the board of directors.

Raymond Chabot Grant Thornton LLP was reappointed as the auditor of the corporation.

Following the AGM, the board confirmed the following appointments:

• Ms. Ayotte as chair of the audit committee, joined by Mr. Nickoletopoulos and Mr. Silvestro;
• Mr. Silvestro as chair of the governance committee, joined by Mr. Nickoletopoulos and Mr. Kostic.

The board also reappointed Mr. Mugerman as president and chief executive officer, Pouya Hajiani as chief technology officer, and Mathieu Bourdeau as chief financial officer.

Corporate rebranding -- a new phase for Geomega

In conjunction with the AGM, Geomega is proud to unveil its new corporate logo and website, marking the beginning of an exciting new chapter in the company's evolution toward becoming a revenue-generating, commercial-stage cleantech enterprise.

The rebrand embodies Geomega's transformation -- from pioneering research in rare earth extraction to the commercialization of innovative recycling and metallurgical technologies. The new visual identity, centred around a dynamic green circular motif, represents both renewal and circularity, echoing the company's mission to close the loop in critical metal recovery. The integrated arrow design symbolizes progress, precision and sustainability, core values that have guided Geomega since its inception.

This new identity arrives as Geomega completes its first technology licensing transaction (see news release of Oct. 8, 2025), a milestone that validates years of R&D (research and development), and signals the start of a new growth cycle focused on scaling partnerships, generating royalties and deploying its proprietary technologies globally.

"Our new brand is more than a design -- it's a declaration of who we've become," said Mr. Mugerman. "It reflects our evolution into a commercial organization that delivers real-world impact through clean technology. The green circle is the essence of what we do -- giving new life to critical metals while reducing waste and emissions."

The refreshed logo and modernized website showcase a simplified, forward-looking identity that aligns with Geomega's environmental mission and technological leadership. Visitors can discover the new brand and visual experience on the company's website.

Granting of equity incentives

The board has granted annual equity-based incentives to its employees, directors, officers and consultants under the corporation's omnibus incentive plan. The following awards were granted:

• Stock options: A total of 1,675,000 options were issued to employees and consultants at an exercise price of 33.5 cents, expiring after five years. The options vest over three years in increments of 25 per cent in the first two years and 50 per cent in the last year.
• Deferred share units (DSUs): A total of 326,000 DSUs were issued to members of the board of directors, vesting one year after the grant date.
• Restricted stock units (RSUs): A total of 300,000 RSUs were issued to executive officers of the corporation. The RSUs vest over two years in equal instalments and may be settled after three years.

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 and delivering cash flow and return 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 that 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 also owns the Montviel rare earth carbonatite deposit, the largest 43-101 bastnaesite resource estimate in North America, and holds over 16.8 million shares of Kintavar Exploration Inc., a mineral exploration company that is exploring for copper and gold projects in Quebec, Canada.

We seek Safe Harbor.