MONTREAL, QUEBEC — (Marketwire) — 10/16/12 — Geomega Resources Inc. ("GeoMegA" or the "Company") (TSX VENTURE: GMA) announces a project update on its Montviel Rare Earths Elements/Niobium project. In January 2012, G Mining Services Inc. ("GMSI") was retained to assume overall coordination and responsibility for engineering and financial evaluation to produce a Preliminary Economic Assessment study ("PEA") Technical Report in accordance with NI 43-101 g