VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 20, 2012) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce the signing of a Letter of Intent (“LOI”) with Greenland Mining Services A/S (“GMS”). Under this agreement GMS will provide the majority of capital costs to become a 20% shareholder in True North Gems Greenland (“TNGG”), a wholly owned subsidiary of the Company and titleholder of the Aappaluttoq ruby project. GMS is predominantly owned by international arctic contractor Leonhard Nilsen & Sonner A/S (LNS) of Norway. The combined GMS-LNS partnership has 70 years of experience in logistics and mining in arctic environments.

To earn the entire 20% shareholding in TNGG, GMS will be committed to fully engineer, build and fund the complete mine support infrastructure, an estimated investment of US $23 million (approximately 60% of projected capital expenditures). This will include all civil engineering costs, the capital cost of open pit pre-strip, and the construction cost of all mine-related buildings including ore storage, port facilities, mine operations camp, workshop, site roads, power plant, and fuel and explosive storage. The Company will retain responsibility for designing and funding capital costs for the ore processing circuit and building, rough gem sorting and grading facility, and gem marketing and sales.

“This agreement marks a very important milestone in the development of the Aappaluttoq ruby project,” stated Nicholas Houghton, President and CEO of True North. “Not only does it provide substantial capital contributions for the construction of the mine, but it also brings in an experienced Greenlandic and Arctic mining operator. This will considerably de-risk the project and act as a growth catalyst for the future Greenlandic mining industry.”

Under this agreement and during mine operations, GMS will retain the right to operate the mine site on a cost plus basis, and will be responsible for providing all the necessary mining equipment required throughout the mine life. During mine operations, certain surface infrastructure components will be leased by GMS to TNGG, subject to a buy-out at any time.

“We are delighted to forge a partnership with True North,” said Finn Mortensen, Chairman of GMS. “The GMS mining and arctic operating expertise will allow True North to focus on their primary strengths: processing, marketing, branding and the sale of Greenland ruby and pink sapphire.”

True North and GMS will develop a mutually agreeable construction plan, timeline and budget that will provide sufficient detail at the full feasibility level to facilitate final schedules, layouts, equipment procurement, and definitive capital cost allocations based on this agreement. This LOI is binding but conditional upon the finalization of the option and shareholders agreement by March 1, 2013, receipt of requisite regulatory approval and the granting of the Exploitation Permit.

GMS is a major supplier of services to the oil, gas and mineral industry in Greenland. The overall LNS Group of 15 companies is a major mining and construction company based in Northern Norway. The LNS group has worked on a variety of projects over the last 50 years and has focused on operations in Svalbard, Spitsbergen, Iceland, Greenland, Russia, Antarctica and throughout Scandinavia.

Conference Call

In connection with this release the Company will hold a conference call on Tuesday, November 20, 2012 at 8:00am PST. To access the call please dial 416-695-7806 (local Toronto and international) or 1-888-789-9572 (North American toll free), and enter passcode 9743014.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Meghan Brown
Director Investor Relations
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 6, 2012) – True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) announces that it has raised gross proceeds of $368,700 in the final closing of the non-brokered private placement announced on July 31, 2012. The funds were raised through the issuance of 7,374,000 units at a price of $0.05 per unit. Each unit is comprised of one common share and one-half non-transferable common share purchase warrant, each warrant is exercisable for one additional common share for a period of one year at a price of $0.12 per share.

This closure is in addition to the first tranche financing of $725,400 announced on August 9th, 2012. Total proceeds from both tranches amount to $1,094,100. The Company issued a total of 21,882,000 shares and 10,941,000 share purchase warrants in connection with this Private Placement.

The Company has paid cash fees totaling $14,810 and issued 296,200 share purchase warrants to finders in connection with the closing of this second tranche. Each finder’s warrant is exercisable for one additional common share for a period of one year at a price of $0.05 per share. The common shares and warrants comprising the units, as well as any common shares issuable upon exercise of the warrants, are subject to a four month hold period expiring on March 3, 2013.

In the event the closing price of the Company’s common shares on the TSX Venture Exchange is $0.15 or greater for 10 or more consecutive trading days at any time after December 10, 2012, the Company will be entitled to accelerate the warrants upon 20 days’ prior notice and the subscribers’ share purchase warrants and finder’s warrants will then expire on the 20th calendar day after the date of the notice unless exercised by the holder prior to such date.

The Company expects to use the proceeds of the private placement to further the exploitation permitting process with the Greenland government, for seasonal exploration work, and for general working capital and other corporate purposes.

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

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 18, 2012) – True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) is pleased to announce the appointment of Mr. W. Graham Nicholls as Executive Vice President. Reporting directly to the President and CEO, Mr. Nicholls will concentrate on finalizing the exploitation permit and the rapid commissioning of the Aappaluttoq Ruby Mine in SW Greenland.

Mr. Nicholls has over 25 years of management experience in the resource sector. He is a specialist in strategic planning, gemstone marketing, supply chain management, aboriginal and community relations, and external affairs. He spent 11 years working at BHP Billiton Diamonds where he occupied several senior roles including Vice-President of External Affairs and President of Point Lake Marketing Inc. In the latter role he created, developed and operated BHP Billiton’s CanadaMark™ program for tracking branded polished diamonds from mine to market. He successfully led the implementation of the $687 million acquisition by BHP Billiton of DiaMet Minerals in 2001. He was a key member of the management team that built, commissioned and operated the Ekati™ Mine in the Northwest Territories, Canada’s first diamond mine.

Prior to working in the public mining sector, Mr. Nicholls was the Deputy Minister and Director of Policy and Economic Analysis for the Department of Energy, Mines and Petroleum Resources in the Government of the Northwest Territories. His appointment with the Company brings a wealth of experience in government affairs, aboriginal engagement and project development onto the current team. Graham is a graduate of the University of British Columbia with a B.A. in Political Science, and a M.A. in Community and Regional Planning.

“Having held senior positions at BHP Billiton and in the Territorial Government, Mr. Nicholls’ understanding and experience within the mining sector is wide-ranging,” stated Nicholas Houghton, President and CEO. “His role in the Company will be multi-faceted, where he can utilize his expertise to benefit both our current team-members and increase shareholder value as we complete the permitting of Aappaluttoq and move towards production and sales.”

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in colored gemstone exploration and, currently in Greenland, has the rights to earn 100% interest in the Aappaluttoq ruby and pink sapphire project, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut. True North’s prime focus remains the commercial advancement of the Aappaluttoq Ruby Project in Greenland.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 18, 2012) – A Correction from Source is issued with respect to the release issued earlier today at 9:30 AM ET. Changes have been applied to the first paragraph, and the corrected version follows.

True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) is pleased to announce the appointment of Mr. W. Graham Nicholls as Executive Vice President. Reporting directly to the President and CEO, Mr. Nicholls will join a management team focused on finalizing the exploitation permit and will assist with further development regarding the branding, marketing, security and engagement protocols to ensure the successful commissioning and operation of the Aappaluttoq Ruby Mine in SW Greenland.

Mr. Nicholls has over 25 years of management experience in the resource sector. He is a specialist in strategic planning, gemstone marketing, supply chain management, aboriginal and community relations, and external affairs. He spent 11 years working at BHP Billiton Diamonds where he occupied several senior roles including Vice-President of External Affairs and President of Point Lake Marketing Inc. In the latter role he created, developed and operated BHP Billiton’s CanadaMark™ program for tracking branded polished diamonds from mine to market. He successfully led the implementation of the $687 million acquisition by BHP Billiton of DiaMet Minerals in 2001. He was a key member of the management team that built, commissioned and operated the Ekati™ Mine in the Northwest Territories, Canada’s first diamond mine.

Prior to working in the public mining sector, Mr. Nicholls was the Deputy Minister and Director of Policy and Economic Analysis for the Department of Energy, Mines and Petroleum Resources in the Government of the Northwest Territories. His appointment with the Company brings a wealth of experience in government affairs, aboriginal engagement and project development onto the current team. Graham is a graduate of the University of British Columbia with a B.A. in Political Science, and a M.A. in Community and Regional Planning.

“Having held senior positions at BHP Billiton and in the Territorial Government, Mr. Nicholls’ understanding and experience within the mining sector is wide-ranging,” stated Nicholas Houghton, President and CEO. “His role in the Company will be multi-faceted, where he can utilize his expertise to benefit both our current team-members and increase shareholder value as we complete the permitting of Aappaluttoq and move towards production and sales.”

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in colored gemstone exploration and, currently in Greenland, has the rights to earn 100% interest in the Aappaluttoq ruby and pink sapphire project, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut. True North’s prime focus remains the commercial advancement of the Aappaluttoq Ruby Project in Greenland.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 17, 2012) – True North Gems Inc. (TSX VENTURE:TGX) (the “Company”) is pleased to announce the appointment of Mr. Ronald Hall as Vice President of Engineering. Mr. Hall brings over 35 years of diverse industry experience to this new role. As a consultant, Mr. Hall has been advising the Company since 2011 on ruby and pink sapphire plan flow sheet optimization. Mr. Hall’s immediate new responsibilities include finalizing the detailed engineering and processing-plant design for the Company’s planned flagship Aappaluttoq Ruby Mine in SW Greenland.

Nicholas Houghton, President and CEO, stated, “The depth of Mr. Halls engineering, management and development expertise ensure we have the ultimate person to lead our operating team as we move forward towards production at the Aappaluttoq Ruby Mine. His appointment is also a testament to the strength of our organization and demonstrates the potential growth we have as a Company. We all look forward to working closely with him to deliver a steady and sustainable source of Greenlandic Ruby and Pink Sapphire to the coloured stone industry.”

Mr. Hall was formerly a Partner and Vice President of Mining at Wardrop Engineering Inc. During this seven (7) year period he oversaw a period of large-scale expansion and growth within the company’s Canadian operations, and the successful opening of international branches in China, Chile, Brazil, Hong Kong and Australia. Previously, while at SNC Lavalin, Hatch and MinMet Consulting Mr. Hall was involved with the advanced mine engineering and design across multiple commodities including copper, cobalt, gold, silver, PGE’s, rare earth elements and diamonds. He spent seven (7) years as Senior Metallurgist and Operations Superintendent at DeBeers’ Orapa and Jwaneng Diamond mines in Botswana; and was recently appointed as a non-executive director for Chinalco, a Chinese State Owned mining company focused on copper developments in Peru.

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in colored gemstone exploration and, currently in Greenland, has the rights to earn 100% interest in the Aappaluttoq ruby and pink sapphire project, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut. True North’s prime focus remains the commercial advancement of the Aappaluttoq Ruby Project in Greenland.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or Toll Free: 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or Toll Free: 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 21, 2012) – True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) is pleased to announce that the formal translation of the Social Impact Assessment (SIA) report has commenced into both Greenlandic and Danish.

“This is another major milestone for the Aappaluttoq Ruby Project,” Stated Nicholas Houghton, President and CEO. “With the formal translation of the Environmental Impact Assessment (EIA) Report completed, and formal translation of the Social Impact Assessment (SIA) Report underway the foundation points to facilitate the public meetings are now reaching conclusion. As we complete the final steps leading to production, the translation into both Greenlandic and Danish will allow all public meeting attendees the opportunity to fully appreciate the steps that have been taken by True North Gems to develop an economically sustainable mining through to production business plan, maximizing the positive benefit to Greenland.”

The SIA report has been compiled with much assistance and input from the local community and stakeholder participation in conjunction with Carlbro/Grotmij A/S of Denmark, following three years of study regarding all social impacts from any mining operation at the Aappaluttoq site and the associated production and processing facilities. On completion, both the SIA and the EIA documents in unison will be made public with sufficient time provided for all stakeholders to assess their contents prior to initiation of formal public discussion hearings.

The Company expects both the EIA and SIA reports to be the focus of discussion at the community, stakeholder and general public meetings. The schedule for these meetings is under discussion with the BMP and will be released once confirmed.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 13, 2012) – True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) announces that it has raised gross proceeds of $725,400 in an initial closing of the non-brokered private placement announced on July 31, 2012. The funds were raised through the issuance of 14,508,000 units at a price of $0.05 per unit. Each unit is comprised of one common share and one-half non-transferable common share purchase warrant, each warrant exercisable for one additional common share for a period of one year at a price of $0.12 per share.

The Company has paid cash fees totaling $50,720 and issued 1,014,400 share purchase warrants to finders in connection with the first tranche closing. Each finder’s warrant is exercisable for one additional common share for a period of one year at a price of $0.05 per share.

The common shares and warrants comprising the units, as well as any common shares issuable upon exercise of the warrants, are subject to a four month hold period expiring on December 10, 2012.

In the event the closing price of the Company’s common shares on the TSX Venture Exchange is $0.15 or greater for 10 or more consecutive trading days at any time after December 10, 2012, the Company will be entitled to accelerate the warrants upon 20 days’ prior notice and the subscribers’ share purchase warrants and finder’s warrants will then expire on the 20th calendar day after the date of the notice unless exercised by the holder prior to such date.

The Company expects to use the proceeds of the private placement to further the exploitation permitting process with the Greenland government, for seasonal exploration work, and for general working capital and other corporate purposes.

A total of five directors and officers of the Company acquired in the aggregate 964,000 units in the first tranche of the private placement and, as a result, holdings of the directors and officers in the Company have increased.

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

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and, currently in Greenland, has the rights to earn 100% interest in the Aappaluttoq ruby and pink sapphire project, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut. True North’s prime focus remains the commercial advancement of the Aappaluttoq Ruby Project in Greenland.

The Company relies on litigation protection for “forward-looking” statements. The Aappaluttoq project does not yet have a mineral resource or reserve and accordingly no economic evaluation has yet been done. Accordingly, investors are cautioned that, although management is proceeding with an exploitation (mining) permit application, the Aappaluttoq project may never achieve successful commercial production.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 31, 2012) – True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) announces it intends to conduct a non-brokered private placement of up to 20,000,000 units at a price of $0.05 per unit, subject to regulatory approval. Each unit will be comprised of one common share and one half non-transferable common share purchase warrant, each warrant exercisable for one additional common share for a period of one year at a price of $0.12 per share.

The Company expects to use the proceeds of the private placement to further the exploitation permitting process with the Greenland government, for seasonal exploration work, and for general working capital and other corporate purposes.

Finders’ fees may be paid in connection with certain subscriptions under the private placement in cash and/or securities of the Company.

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

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and, currently in Greenland, has the rights to earn 100% interest in the Aappaluttoq ruby and pink sapphire project, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut. True North’s prime focus remains the commercial advancement of the Aappaluttoq Ruby Project in Greenland.

The Company relies on litigation protection for “forward-looking” statements. The Aappaluttoq project does not yet have a mineral resource or reserve and accordingly no economic evaluation has yet been done. Accordingly, investors are cautioned that, although management is proceeding with an exploitation (mining) permit application, the Aappaluttoq project may never achieve successful commercial production.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 25, 2012) – True North Gems Inc. (TSX VENTURE:TGX) (the “Company”) announces that its Board of Directors has initiated a strategic review process to consider strategic alternatives that have presented themselves to the Company, with a view to enhancing shareholder value. Strategic alternatives may include, but are not limited to, the sale of all or a portion of the Company’s assets, the outright sale of the Company, a merger or other business combination transaction involving a third party, a joint venture, a financing, as well as continued execution of the Company’s existing business plan, or any combination thereof.

A special committee (“Special Committee”), consisting of directors, independent of management, have been appointed to oversee the strategic review process. The Special Committee plan to engage a financial markets advisor to assist in this regard.

It is the Company’s current intention not to disclose developments with respect to the strategic review process unless and until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. The Company cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, as to the terms or timing of such transaction.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 11, 2012) – True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) is pleased to announce that the final draft of the Environmental Impact Assessment (EIA) report has been completed and formal translation into both Greenlandic and Danish is underway.

“This is a major milestone for the Aappaluttoq Ruby Project,” stated Nicholas Houghton, President and CEO. “As an integral component of the permitting process, the EIA Report is one of the foundation points as the company works to complete the final steps leading to production. The translation into both languages will allow all attendees to the forthcoming Public Meetings the opportunity to understand with full transparency the steps that have been taken by True North Gems to minimize any impact on the landscape.”

The EIA report has been completed in conjunction with Ramboll Group A/S of Denmark Engineering and Environmental division, following three years of study regarding all environmental factors involved with the mining operation at the Aappaluttoq site and any facility associated with production and processing. Once the translation has been completed the document will be made public with sufficient time for people to assess its contents prior to initiation of formal public discussion hearings.

The Company expects both the EIA and SIA (Social Impact Assessment) reports to be the focus of discussion at the community, stakeholder and general public meetings. The schedule for these meetings is under discussion with the BMP and will be released once confirmed.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Ward Kondas
Corporate Communications
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com