VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 27, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce that it will be conducting a non-brokered private placement equity financing under which it intends to issue up to 16,666,667 units at a price of $0.09 per unit for gross proceeds of up to $1,500,000. Each unit will be comprised of one common share of the Company and one-half of one common share purchase warrant, with each full warrant exercisable for two years for an additional share at a price of $0.12. The securities to be issued under the financing will be subject to a four month hold period. The terms of the financing are subject to the approval of the TSX Venture Exchange.

The Company intends to use the net proceeds of the Transaction to advance the development of the Company’s Aappaluttoq Ruby Project in Greenland, and also as general working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein.  Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life.  The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.  These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.  By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.  These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive.  See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 11, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce that Raymond Simpson, and James R.W. Pounds, executives of Dominion Diamond Corporation, have been appointed to the Company’s Advisory Board.

 “We are delighted that Mr. Simpson and Mr. Pounds have agreed to join the Company’s Advisory Board”, stated Nicholas Houghton, President and CEO of True North Gems. “These distinguished individuals bring years of mine producer marketing and business experience to compliment our current team. They will not only be a valuable resource for True North as we transition towards final permits and production at the Aappaluttoq Ruby Deposit in Greenland, but for the future path of the Company.”

Mr. Simpson is currently an Executive Vice-President of Dominion Diamond Corp. (“DDC”), formerly known as Aber Resources then subsequently Harry Winston Diamond Corporation. Mr. Simpson has over 20 years of experience in the diamond industry. In 2003, Mr. Simpson joined DDC while they were still a junior diamond mining company listed on the Toronto Stock Exchange, to oversee their strategic expansion into retailing. Mr. Simpson ultimately assumed the role of Chief Operating Officer with the acquisition of iconic jeweler Harry Winston. Mr. Simpson started his career with De Beers where, over a 14-year period, he held a variety of roles ranging from mine resource evaluation to supply/demand forecasting and consumer marketing. As Head of Business Development for the De Beers in London, Mr. Simpson was instrumental in establishing a retail joint venture between De Beers and LVMH Moet Hennessey in 2000. Mr. Simpson joined LVMH as Director of Operations for the new venture overseeing the development of the company’s production, logistics and information systems. Mr. Simpson has a Sloan Fellowship Masters degree from London Business School and a B.Sc. in Mathematics from Bristol University.

Mr. Pounds is currently President of Dominion Diamond Marketing Corporation. He joined Aber Resources/Harry Winston Diamond Corporation in 2002 as the Managing Director of the rough sales subsidiary in Belgium. In 2005, Mr. Pounds became Vice-President, Sales based in Toronto. Prior to joining DDC, he was Project Manager, De Beers Group and Managing Director, Diamdel Israel, De Beers’ Israeli direct trading arm.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein.  Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life.  The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.  These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.  By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.  These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive.  See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 15, 2013) – True North Gems Inc. (TSX VENTURE:TGX) announces that it has granted 7,050,000 stock options to its directors, officers and consultants. The options have an exercise price of $0.12 per share and will expire on November 15, 2018.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  This document contains “forward-looking information” and “forward-looking statements” (together, “forward looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 19, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to report that following the conclusion of Public Hearings in Greenland (see press release September 5, 2013), the Company has been invited to participate in the The Impact and Benefit Agreement (IBA) negotiations and Royalty negotiations regarding the Aappaluttoq Ruby Exploitation Permit.

 “The Company is very pleased with the overall outcome of the Public Hearing Process and I am proud of what the team at True North has accomplished so far this year,” stated Nicholas Houghton, President and CEO of True North Gems. “2013 has been a very exciting year for True North and we are eager to start  the negotiations that we hope will prove to be fair and beneficial to all Greenlandic communities.”

The Royalty negotiations between the Government and the Company in addition to the IBA negotiations between the Government, the Municipality of Sermersooq, the unions, the Employers Associations and the Company are important components  of the final steps in the Exploitation Permit process.  The first meeting commences on September 23, 2013 with the purpose of establishing the framework for the upcoming negotiations.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein.  Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life.  The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.  These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.  By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.  These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive.  See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 5, 2013) – True North Gems Inc. (TGX: TSX-V) (“True North” or the “Company”) is pleased to announce the conclusion of the formal Greenland Government Public Hearings for the Aappaluttoq Ruby Project, located in SW Greenland.

“The Company is very pleased with the outcome of the Public Hearings and the level of engagement shown in each of the communities visited,” stated Nicholas Houghton, President and CEO of True North Gems. “The meetings showed that the Greenlandic public are highly aware of the Ruby project, and this awareness is being transformed into a strong level of support in the communities. People are eager for development and True North looks forward to advancing the Aappaluttoq Ruby Mine to production and to create new jobs for Greenlanders .”

The Public Hearings are an essential part of the overall Social Impact Assessment (SIA) and the Environmental Impact Assessment (EIA) requirements to obtain the requisite mining permits. The proceeding’s are under the operation of the Government of Greenland through the Bureau of Minerals and Petroleum (BMP). Jens-Erik Kirkegaard, Minister for Industry and Minerals, and Miiti Lynge, Minister for Housing, Nature, Environment and Nordic Cooperation led the Greenland Government delegations in Qeqertarsuatsiaat, Paamiut, and Nuuk between the 26^th and 29^th of August, 2013. Senior management from both True North Gems and True North Gems Greenland participated, alongside various consultants and experts.

The finalization of the Public Hearings and the closure of the EIA & SIA review period on September 12^th will enable the Company to review and address the questions and concerns presented at both the formal Public Hearings, and at the Company Information Meetings. The review process will result in a compilation document classified as the ‘White Book’ illustrating solutions to the concerns raised during consultations. This paper will form part of the foundation for the final SIA, the final EIA and the upcoming Impact and Benefit Agreement (IBA) discussions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein.  Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life.  The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.  These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.  By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.  These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive.  See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 20, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce the completion of successful and productive Public Information Meetings in Qeqertarsuatsiaat, Paamiut and Nuuk, Greenland.

All three meetings offered the local population a chance to meet Management from the Company and hear about the project in an informal environment.

“I would like to thank all of the local participants that came out to the meetings and actively participated,” stated Bent Olsvig-Jensen, Managing Director of True North Gems Greenland “We were extremely pleased with the high turn-out and level of engagement from the local communities.”

After the conclusion of the management presentations, senior representatives from LNS Greenland A/S joined True North onstage to answer questions and take part in the discussion. LNS Greenland is the Company’s partner on Aappaluttoq and will earn 20% of True North’s Greenland subsidiary in exchange for assuming a significant proportion of capital costs, and managing future mine operations. A local facilitator, selected from the Community, managed the questions from the audience. The Company believes this proved highly constructive for both the audience and management.

Overall, the Company is very pleased with the meetings and the level of engagement from the affected communities.

“We value the feedback the communities have provided and will work to ensure that we address any concerns raised,” said Nicholas Houghton President and CEO. “We believe that overall a very positive development message was received from the local populations in all three communities and we look forward to concluding the formal Public Hearings in the upcoming weeks.”

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055

True North Gems Inc.
Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 13, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce the signing of an Option and related agreements with LNS Greenland A/S (“LNSG”). The most material component of the partnership enables LNSG to earn 20% of the issued and outstanding Class A shares of True North Gems Greenland A/S (“TNGG”) in exchange for approximately US$23 million – the majority of the Aappaluttoq Mine capital costs.

The five individual agreements lay out the strategic partnership structure for the future construction and operation of the Aappaluttoq Ruby Project in SW Greenland. The Letter of Intent (“LOI”) announced on November 12, 2012 formed the framework for, and has now been replaced by, these definitive agreements.

“We are delighted to formalize our strategic partnership with LNS-Greenland,” stated Nicholas Houghton, President and CEO of True North. “These agreements show our commitment to source jobs locally and use existing Greenlandic expertise wherever possible; this will be especially important as we move forward through the public hearing process.”

Finn Mortensen, Chairman of LNS Greenland A/S said “We feel that our extensive logistical and operating experience in Greenland, together with True North’s gemstone expertise, will be beneficial for all parties.”

Option Agreement

Under the terms of the Option Agreement, and subject to granting of the exploitation permit by the Greenland Government, the parties will be required to contribute to TNGG and fund as follows:

LNSG Contributions:

Based on prior economic studies, LNSG would contribute approximately US$23 million for:

• Completion of all civil engineering and design;
• Finalization of the construction and capital budgets;
• Mobilization of all necessary construction equipment and logistical support to site;
• Construction of all infrastructure and mine-related buildings at the Aappaluttoq site and the Nuuk administration offices and sorting facility.

LNSG will be reimbursed for the capital cost of the ore circuit building and the Nuuk sorting facilities, but will assume any capital cost variation risk associated with their portion.

True North Contributions:

Under the Option Agreement, the Company would contribute:

• The Aappaluttoq Ruby Project, permits, and related gemstone exploration licenses;
• All expertise related to gem marketing and sales, including current gem inventories;
• The costs for engineering design, purchase, site delivery, and installation of the ore processing circuit;
• Development of proprietary software and tracking system for all rough and any polished gemstone production;
• Reimbursement to LNSG of the construction costs for the process circuit building, and the administration and sorting offices in Nuuk;
• Based on prior economic studies, costs for these components are expected to be about US$14 million, and this capital cost variation risk will be assumed by TNG.

Other Agreements

The relationship between the Company and LNSG will be governed by the four additional agreements that were executed at the same time as the Option Agreement.

The TNGG Shareholders Agreement includes the procedural protocols for management of TNGG activities. Under the Shareholders Agreement, TNGG will have both a Board of Directors as well as a Management Committee to administer all Programs and Budgets. As majority shareholder True North will appoint both the Chairman of the Board of Directors and the Chairman of the Management Committee and will retain the majority control of the Board and Management Committees.

Under the terms of the Lease and Purchase Agreement which becomes effective once commercial production has been achieved, LNSG will retain ownership of the ore storage facility, the two port facilities, mine operations camp, workshop, site roads, power plant, and the fuel and explosive storage facility (“LNSG Assets”). TNGG will lease the LNSG Assets for a nine year period with a fully credited right to buyout the lease and purchase the LNSG Assets at any time, less prior payments. Total lease payments over the nine year period are fixed at 68 million DKK (approximately US$12 million).

Under the terms of the Management Agreement which also becomes effective upon commercial production, LNSG will retain contracted responsibility for mine and infrastructure operations at the Aappaluttoq site, while True North will retain the contracted responsibility for international gemstone marketing, site security, quality control, operations in Nuuk, and exploration. Both LNSG and True North will charge TNGG on a cost plus basis for their contracted activities.

Under the Pledge Agreement True North has pledged the Class A TNGG shares which may be earned by LNSG as security for LNSG’s earn-in expenditures. The pledged shares will be delivered to LNSG on completion of LNSG’s staged earn-in obligations under the Option Agreement.

Next Steps

True North Gems and LNSG will finalize a full feasibility level construction and capital budget (“Construction Budget”), plan and timeline, and initiate discussions on the final construction schedules, site and building layouts, equipment procurement, and definitive capital cost allocations based on the definitive agreements between the parties. This finalized Construction Budget will be the road map for an expedited construction schedule to be implemented upon successful public hearings and the issuance of the exploitation permit.

The transactions discussed above are subject to the acceptance of the TSX Venture Exchange.

About True North Gems Greenland A/S:

True North Gems Greenland A/S is the Company’s operating subsidiary in Greenland. The definitive agreements outlined in this release will result in True North Gems Inc. retaining approximately 80% of Greenlandic Operations. LNSG will own approximately 20% once their earn-in is completed.

About LNS-Greenland A/S:

LNSG is predominantly owned by international arctic contractor Leonhard Nilsen & Sonner A/S of Norway. The Leonhard Nilsen Group of 15 companies is a major mining and construction company with over 70 years of experience in logistics and mining in arctic environments. They have worked on a variety of projects over the last 50 years and have focused on operations in Svalbard, Spitsbergen, Iceland, Greenland, Russia, Antarctica and throughout Scandinavia. LNSG is a major supplier of services to the oil, gas and mineral industry in Greenland.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.

These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055

True North Gems Inc.
Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 9, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to update its shareholders with respect to its financing efforts and upcoming Greenland Public Information Meetings.

Agency Agreement and Financing:

At the Company’s AGM held on June 13th 2013, shareholders approved a $15.75 million investment by Lenomi Holdings Inc. To date a total of $3 million has been received from Lenomi. These funds are being used for advanced engineering and permitting connected to the Aappaluttoq Ruby Project in SW Greenland. The financing was brokered by Casimir Capital L.P. of New York under an agency agreement between Casimir and the Company, which expired on August 1st 2013. The Company is currently pursuing other sources of funding to complete the financing.

“The Company remains confident of completing the financing for the full amount approved by shareholders in June,” said Nicholas Houghton President and CEO. “We are currently in negotiations with Lenomi and others to close the balance of the financing. We would like to thank our shareholders for their commitment to the Company and the Aappaluttoq project”.

Greenland Public Information Meetings:

Final preparations for the upcoming Company Information Meetings to be held in Greenland have been completed. Information regarding these meetings was published on the Greenlandic and Danish versions of the Company website and on our Danish Facebook page. We encourage all members of the local Greenlandic Communities to come out and participate in the meetings. Management from both True North Gems Inc. and True North Gems Greenland will be present in Qeqertarsuatsiaat (Fiskenæsset), Paamiut and Nuuk between the 12th and 15th of August.

“We are looking forward to engaging with the local communities in a meaningful fashion and explaining the benefits our project will bring to Greenlandic society,” Stated Bent Olsvig Jensen, Managing Director of True North Gems Greenland.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.

These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055
info@truenorthgems.com

True North Gems Inc.
Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 16, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce the schedule for the upcoming Public Hearing Process and Information Meetings regarding the Company’s exploitation permit application for the Aappaluttoq Ruby Deposit in SW Greenland.

The official Public Hearing Process began on June 17th and will be completed by September 12, 2013. During this time, all relevant documents are made accessible to the public by Greenland’s Bureau of Minerals and Petroleum (“BMP”) and True North Gems. The accessibility allows the public to contribute with their opinions and comments before the closure date.

As part of True North Gems’ efforts to pursue an open and transparent process, the Company will – in agreement with the BMP – host its own Information Meetings prior to the BMP’s Public Hearing Meetings. The purpose of these Company-hosted Information Meetings is to:

• Present information on the Company’s proposal and its opportunities in a more accessible format than the technically structured contents of the legally required SIA and EIA.
• To facilitate an informal dialogue with the relevant communities benefiting from the exploitation.

True North Gems’ Information Meetings will be held on August 12th in Qeqertarsuatsiaat (Fiskenaesset), August 13th in Paamiut and August 15th in Nuuk.

“All planning and logistical work is completed for the initial round, and together with our Greenlandic stakeholder partners the Company is looking forward to a well attended assembly at each of the venues” stated Nicholas Houghton, President and CEO of True North “The Public Hearing Process and Information Meetings will be an open and informative opportunity to learn first hand how the production of ruby and pink sapphire will benefit Greenland and each community”.

The BMP will oversee and chair The Public Hearings meetings of which the agenda, dates and times will be published separately by the BMP.

The Company, with the backing and confidence of the communities, looks forward to advancing the Aappaluttoq Ruby Deposit from exploration into the exploitation phase and building Greenland’s first gemstone mine.

True North would also like to thank Mr. Graham Nicholls for his role as Executive Vice President. Mr. Nicholls will be stepping down from the executive position but will continue to provide True North with consultation services throughout the Hearing Process and Construction Phases.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.

These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com