Category Archives: News Releases

SOCIAL AND ENVIRONMENTAL ASSESSMENT STUDIES TO PROCEED FOR PERMITTING OF TRUE NORTH GEM'S GREENLAND AAPPALUTTOQ RUBY OCCURRENCE

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 16, 2010) – True North Gems Inc. (TSX VENTURE:TGX) is pleased to announce that it will be proceeding with its Environmental Impact Assessment (EIA) and the Social Sustainability Assessment (SSA) studies which are required components of the company’s Exploitation Permit application for its 100% owned Aappaluttoq Ruby Occurrence located in the Fiskenaesset district of South-West Greenland. The Company is in accordance with the rules and regulations of Greenland, and is now proceeding with the EIA and SSA while simultaneously finalizing the engineering studies that will form the remainder of the company’s Exploitation Permit application.

Nicholas Houghton, CEO and President of True North Gems stated, “The early stages of development and gemstone marketing under our exploitation permit will enable the company to establish the economics of the deposit and also illustrate that True North Gems is committed to ensuring that all people of Greenland benefit from our ruby project. Discussions undertaken to date ensure that all our activities including future mining will result in a social and commercial success while fully respecting the environment. Furthermore the anticipated business will allow the Company freedom to adapt future operations to market conditions, whilst encouraging the people of Greenland to ultimately develop secondary businesses that will complement our mining and marketing efforts.”

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 Fiskenaesset ruby and pink sapphire property, 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 Fiskenaesset property in Greenland.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of coloured gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

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

or

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

TRUE NORTH GEMS ANNOUNCES $3.2 M PRIVATE PLACEMENT

Vancouver, September 14, 2010: True North Gems (TGX: TSX-V) announces it intends to complete a nonbrokered private placement of up to 40,000,000 units at a price of $0.08 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 two years at a price of $0.10 per share for year one, and $0.15 per share for year two.

The Company expects to use the proceeds of the private placement to advance the exploitation permit application process with the Greenland government, 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.

Six directors and/or officers of the Company intend to participate in the private placement and their holdings of securities of the Company will increase as a result.

The Company anticipates the closing of the financing to occur prior to September 30, 2010.

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 developmentof North American and Greenlandic coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and, in Greenland, has the rights to earn 100% interest in the Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

For further information, contact:

Nicholas Houghton – or – Ken Shortt,
President and CEO Investor Relations
Telephone: 604-687-8055 or 1-800-399-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release. The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

TRUE NORTH GEMS OPTIONS YUKON NICKEL, COPPER, AND REE PROJECT TO ENDURANCE GOLD CORPORATION

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 30, 2010) – True North Gems (TSX VENTURE:TGX) is pleased to announce that it has granted Endurance Gold Corporation (TSX VENTURE:EDG) (“Endurance”) an option to acquire up to a 75% working interest in the Bandito property, Yukon. Bandito is currently 100% owned by TGX. The Bandito property is located in the Yukon, 155 kilometres east of Watson Lake, 18 kilometres east of North Toobally Lake and 55 kilometres northeast of the road head at Smith Falls, British Columbia.

The Bandito property is underlain by Proterozoic-aged sandstone, argillite and volcaniclastics which have been intruded by Proterozoic-aged (650 Ma) multi-phased and sericite-altered nepheline syenite. TGX has collected grab samples that assay up to 1.2% copper and 9.5% nickel from an approximate one square kilometre hornfels and iron-oxide enriched gossan near the intrusive syenite contact. Grab samples are selective by nature and are unlikely to represent average grades within the gossan, or on the property. The Bandito property was also previously explored for uranium, thorium, and rare earth elements (REE), with some encouraging results for REE. All of these nickel, copper, and REE prospects occur at the convergence of the headwaters of Copper and Zircon creeks between Corundum and Pyrochlore Domes, the topographic highs on the property.

Orientation stream sediment and soil geochemical surveys completed by TGX in 2006 returned anomalous copper, nickel, and arsenic geochemical results that extend the potential for discovery of additional mineralization outside of the currently mapped gossan area on Bandito.

Under the terms of the agreement Endurance can earn an initial 51% joint venture interest in the Bandito property by completing a total of C$125,000 in cash payments by December 31, 2012 and also completing C$1,000,000 in exploration expenditures by December 31, 2013. The initial cash payment of $25,000 is due on regulatory acceptance of the transaction.

Once Endurance earns its 51% interest, it has a further option that will allow Endurance to acquire an additional 24% interest (total 75%) by issuing TGX 200,000 shares of Endurance and completing an additional C$1,000,000 in exploration expenditures prior to December 31, 2015.

Neither TGX nor the 1980’s exploration activities systematically evaluated Bandito for its potential to host significant base or precious metal prospects. Endurance plans to conduct a field program this fall and will also compile all historic data in anticipation of a systematic exploration program in the summer of 2011.

Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101and supervised the compilation of the information forming the basis for this release.

There is no finder’s fee payable for this transaction. EDG and TGX share a common Director. The transaction is subject to acceptance by the TSX Venture Exchange.

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 Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, 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 Fiskenaesset property in Greenland.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

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

or

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

TRUE NORTH GEMS INITIATES TEST SALES FOR CANADIAN BELUGA SAPPHIRE

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 4, 2010) – True North Gems (TSX VENTURE:TGX) in conjunction with Alpine Gems, is pleased to announce the initiation of sales of a limited inventory of Canadian sapphire from the company’s Beluga sapphire property near the town of Kimmirut, Baffin Island, Nunavut.

The sapphire material being sold has been generated from the recovery, cutting and polishing of bulk sample material acquired during previous exploration programs on the Beluga Property. The purpose of the sale program is to test market demand and to gather actual wholesale and retail sales value of the gem sapphire recovered to date from Beluga.

The principal of Canadian-based Alpine Gems is Mr. Brad Wilson, a geologist and gemmologist with extensive experience in the polishing and sale of Canadian gemstones.

“True North Gems is pleased to work with Mr. Wilson and explore the potential markets and sales value of Canadian sapphires from the Beluga Property,” said Nick Houghton, President of True North Gems Inc. “Through the course of this exercise we will learn valuable pricing information that we can utilize to assess the geological and economic potential offered by the property.”

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 Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, 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 Fiskenaesset property in Greenland.

Sapphire gems from the Beluga property are available for sale to the general public through the Alpine Gems website, http://alpinegems.ca/.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

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

or

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

TRUE NORTH GEMS OPTIONS YUKON RARE EARTH DISCOVERY TO GREAT WESTERN MINERALS

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 5, 2010) – True North Gems Inc. (TSX VENTURE:TGX) and Great Western Minerals Group Ltd. (“GWMG”) are pleased to announce that TGX has granted GWMG an option to acquire up to a 65% working interest in TGX’s True Blue property in the Yukon in exchange for carrying TGX through to completion of a bankable feasibility study.

The True Blue property is located 55 kilometres south of Ross River, Yukon and is accessible via all-weather road to the Ketza River gold mine, followed by 10 kilometers of summer-only road to the property.

The property covers a batholith of Mississippian-age syenite, coeval felsic volcanic rocks and lower Paleozoic clastic and carbonate rocks of Silurian age. During a 2009 exploration program on the property, TGX discovered three new Rare Earth Element (REE) showings which returned assays of up 6.02% Total Rare Earth Oxides + Yttrium (TREO) and 2.52% Niobium Oxide (Nb2O5) with a high proportion of Neodymium and Heavy Rare Earth Elements (see True North Gems News Release Nov. 24, 2009).

Under the terms of the agreement GWMG can earn 51% interest in the property with an initial cash payment of C$50,000 on signing; followed by additional cash payments totaling C$350,000 on or before January 30, 2013. In addition GWGM will issue TGX 300,000 GWGM shares on signing, followed by an additional 900,000 shares on or before January 30, 2012.

In order to earn an initial 51% interest GWMG has the option to complete a total of C$5.0 million in exploration costs on or before December 31, 2013 with a commitment to incur C$1 million in exploration during 2010. Once GWMG earns its 51%, GWMG is also granted a Second Option that will allow GWMG to acquire a further 14% interest (total 65%) by completing all expenditures through completion of a Bankable Feasibility Study. GWMG will also have the right to market TNG’s share of REE production with a renewal option to TGX every three years.

The agreement is subject to regulatory approval and upon receipt of the necessary permits, GWMG will begin its preliminary exploration activities on this project, including an airborne magnetic and radiometric survey, geological mapping, prospecting, trenching and geochemical sampling and in order to define the extent of the known mineralization, identify new areas of mineralization and to define drill targets for the 2011 program.

Jim Engdahl, President and CEO of Great Western Minerals Group said, “This is another great opportunity for Great Western Minerals as well as for True North Gems. The preliminary data that we have reviewed is very encouraging with high Yttrium, Neodymium and Heavy Rare Earth Element content making this potentially high value mineralization. As well, the property is easily accessible with good road access. We have a goal of diversifying our mineral project portfolio geographically and balancing our rare earth mix. This JV satisfies our immediate focus on high value, Heavy REE dominant mineralization, in areas of good infrastructure in order acquire a secure supply of raw materials for our processing plants in Michigan and England.”

Nick Houghton, President of True North said “We are very pleased to have the Great Western Minerals Group, experts in the evaluation and marketing of rare earth minerals, assume the responsibilities of advancing the True Blue property. This will allow our company to focus on our core gemstone exploration business model.”

The technical results restated in this press release were collected under the supervision of David Turner, M.Sc., P.Geo, a qualified person.

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American and Greenlandic 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 Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

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

or

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

TRUE NORTH GEMS ANNOUNCES MANAGEMENT CHANGES

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 3, 2010) – True North Gems (TSX VENTURE:TGX) is pleased to announce management changes, which the Company believes will enhance its ability to expeditiously advance the exploitation (mining) permit application process and preliminary development of the Company’s Fiskenaesset Ruby Project located in southwest Greenland. The Company views the completion of the permitting process and commencement of development activity as key milestones in increasing shareholder value.

Mr. Nicholas Houghton has been appointed President and continues to serve as a Director of the Company. Mr. Houghton replaces Andrew Lee Smith, who retains his role as a Director of the Company with executive responsibilities. Mr. Jeff Giesbrecht is appointed Vice President Corporate Development and Ms. Jacqueline Tucker has been appointed to the position of Chief Financial Officer to replace David S. Parsons who has now been appointed to the Company’s Board of Directors and will be appointed Chairman of the Company’s Audit Committee.

Nicholas Houghton, A. G. (C. I. G.), appointed President:

Mr. Houghton is an accredited Gemmologist with thirty years experience in all aspects of the jewellery industry, including design, manufacturing, and marketing. Having worked with diamonds and coloured stones in both retail and wholesale, rough and polished, he has been providing the Company with a wealth of expertise in rough marketing, manufacturing and marketing serving as an executive of True North Gems since 2004.

Jeff Giesbrecht, appointed Vice President of Corporate Development:

Mr. Giesbrecht completed his degree in engineering geophysics in 1989 and worked in mineral exploration throughout North America before receiving a law degree in 1994. Throughout his legal career he specialized in mining and securities law and acted as legal counsel for a number of companies in the mining sector. Most recently, Mr. Giesbrecht acted as General Counsel for Western Silver Corp. In this role, Mr. Giesbrecht was a member of the management team that successfully negotiated a $1.6-billion sale of Western Silver to Goldcorp Inc. in 2006.

Jacqueline Tucker, appointed Chief Financial Officer:

Ms. Tucker holds a Bachelor of Arts degree from the University of Western Ontario. She is a qualified Chartered Accountant and a member of the Alberta, Ontario and British Columbia Institute of Chartered Accountants. Ms. Tucker was elected a fellow of the British Columbia Institute of Chartered Accountants and has served on numerous committees of her profession including the Audit Assurance Standards Board of Canada. Ms. Tucker has thirty years of public practice experience as an auditor and advisor to public companies. Ms. Tucker has been providing financial consulting to True North since 2005.

David S. Parsons, appointed as Director and Chairman of the Audit Committee:

Mr. Parsons is currently Director, Corporate Services and Financial Analysis for Goldcorp Inc. Mr. Parsons is a Certified General Accountant with over 20 years experience in the mining industry, having served in the roles of Controller, Chief Financial Officer and Director of mining companies. In 2001, Mr. Parsons was employed by Wheaton River Minerals Ltd. and was directly involved in mergers and acquisitions, including the merger with Goldcorp. Mr. Parsons has been the Chief Financial Officer of True North since March 28, 2002.

Mr. Andrew Lee Smith, a co-founder of True North Gems in 2001 is relinquishing his role as President and CEO to dedicate his time to other business ventures. Mr. Smith will remain active with the Company in his continuing role of a Director with executive responsibilities.

Mr. Robert T. Boyd retains his role as non-executive Chairman of the Board. The other remaining members of Board of Directors include William Anderson, President and CEO of First Nickel Inc., John Ryder, President and CEO of Dianor Inc., and Martin Irving, President of Diamond Consultants Canada.

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American and Greenland 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 Fiskenaesset ruby and pink sapphire property, holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

True North Gems Inc.
Nick Houghton
President
604-687-8055 or 1-800-399-8055

or

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

TRUE NORTH GEMS REPORTS RARE EARTH AND NIOBIUM MINERALOGY AT TRUE BLUE, YUKON

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 16, 2009) – True North Gems (TSX VENTURE:TGX) is pleased to announce the receipt of preliminary mineralogy for the company’s 100% owned True Blue rare earth (REE) property in the Yukon. Results reported on November 24, 2009 returned assay results on samples at three separate locations with assays up to 6.02% Total Rare Earth Oxides + Yttrium (TREO) and 2.52% Niobium Oxide (Nb2O5) associated within skarn and an altered felsic dyke swarm. Further exploration will be required on these new discoveries.

Subsequent to the reporting of earlier assay results, seven samples were selected and subjected to quantitative phase analysis using the Rietveld method on X-ray powder diffraction data (Rietveld P-XRD). Mineral phase identification and quantification showed lower detection limits of 0.3 modal percent.

The Rietveld method results have identified the following minerals which are believed to contain the majority of the rare earth elements and niobium, reported by modal percent in each sample: allanite-(Ce) (up to 16.6%), zircon (up to 10.8%), fersmite (up to 1.9%), baddeleyite (up to 1.3%), hydroxylapatite (up to 1.2%), columbite (up to 0.6%), monazite-(Ce) (up to 0.5%), tazheranite (up to 0.4%), and xenotime-(Y) (up to 0.3%). Fersmite and columbite are the niobium enriched minerals.

The seven rocks are described as follows, based on their whole rock mineralogy:

  • Guano Prospect: diopside-quartz-allanite (zircon-actinolite) skarn;
  • Guano Prospect: quartz-kfeldspar-zircon-allanite (fluorite-actinolite-almandine) altered felsic dyke;
  • Guano Prospect: quartz-calcite-muscovite (zircon-ankerite) altered felsic dyke;
  • Guano Prospect: andradite-quartz-actinolite-allanite (diopside-zircon) skarn;
  • Guano Prospect: quartz-kfeldspar-actinolite-plagioclase (diopside-zircon) altered felsic dyke;
  • Guano Prospect: quartz-calcite-muscovite–dolomite altered felsic dyke;
  • Shark Bowl: albite-quartz-muscovite-ankerite (magnetite) altered syenite.

The results of this mineralogical evaluation and hence the identification of some of the minerals are preliminary in nature. Further work is recommended and required on the True Blue property to establish a full appreciation of the average REE and niobium content of the three different REE occurrences discovered to date on the property.

The Rietveld XRD samples were prepared and analysed by the Department of Earth and Ocean Sciences at the University of British Columbia. The samples were reduced to the optimum grain-size range for quantitative X-ray analysis by grinding under ethanol in a vibratory McCrone Micronising Mill. Step-scan X-ray powder-diffraction data were collected with CoKa radiation on a Bruker D8 Focus Bragg-Brentano diffractometer.

The True Blue property is located 55 kilometres south of Ross River, Yukon and is accessible via all-weather road to the Ketza River gold mine, followed by 10 kilometers of summer-only road to the property.

The original field program was conducted over an eight day period in August and was operated by Mackevoy Geosciences Ltd. The field crew was headed by David Turner, M.Sc., P.Geo. The True Blue field program was conducted with financial support from the Yukon Mining Incentives Program (YMIP).

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American and Greenlandic 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 Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

True North Gems Inc.
Andrew Lee Smith, P.Geo.
President and CEO
604-687-8055 or 1-800-399-8055

or

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

TRUE NORTH GEMS CONFIRMS SIGNIFICANT RARE EARTH ELEMENT AND NIOBIUM MINERALIZATION AT TRUE BLUE GEM AQUAMARINE PROPERTY, YUKON

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 24, 2009) – True North Gems (TSX VENTURE:TGX) is pleased to announce the completion of field work and receipt of analytical results for the company’s 100% owned True Blue aquamarine property in the Yukon. The purpose of the program was to investigate the rare earth element (REE) and niobium potential of the property. Grab samples were collected at three separate locations and have returned assays up to 6.02% Total Rare Earth Oxides + Yttrium (TREO) and 2.52% Niobium Oxide (Nb2O5). These high grade results confirm REE and Nb mineralization within a skarn and altered felsic dyke swarm. Further exploration will be required on these new discoveries.

The True Blue property is located 55 kilometres south of Ross River, Yukon and is accessible via all-weather road to the Ketza River gold mine, followed by 10 kilometers of summer-only road to the property.

In addition, an individual chip-channel sample from outcrop returned 0.42% TREO and 0.58% Nb2O5 over five (5) meters width. The north-south striking felsic dyke swarm at the Guano occurrence is intermittently exposed over a length of about 750 metres. Within this zone, numerous narrow to multi-metre wide dykes intrude over an observed horizontal width of between 40 and 100 metres thickness.

In addition, anomalous REE analyses were returned from both the Camp Skarn and Shark Bowl prospects that are located 1.2 kilometres and 2.8 kilometres respectively from the Guano prospect. Together with anomalous silt sediment samples, these results indicate that the True Blue property hosts excellent potential for the discovery of a rare earth and niobium enriched mineral deposit or deposits. Importantly, the TREO analyses for all three prospects (Guano, Camp Skarn & Shark Bowl) are anomalously enriched with the rarer, and typical higher value, heavy rare earth element series (HREE – defined as Europium (Eu) through to Lutetium (Lu)).

The current program was primarily comprised of prospecting, magnetometer surveying, mapping, and geochemical sampling, with the assistance of both a scintillometer and a portable Niton XRF unit. The full geochemical and analytical results from the samples collected during the 2009 field season are summarized on the company’s website. Each of the three prospecting areas are described below:

Guano Prospect: The Guano occurrence consists of hornfels and diopside-calcite-phlogopite skarn located at the metamorphic aureole of a syenite intrusive of Mississippian age. The skarn itself is intruded by dark coloured, altered zircon-enriched felsic dykes interpreted to be related to the syenite. A reconnaissance scale magnetometer survey identified several positive magnetic anomalies that are associated with the Guano skarn and sheeted dyke occurrence. This target and the magnetic anomalies have yet to be drill tested.

A total of 44 rock samples were collected and analyzed from the current program to assess the different rock types. Samples from the Guano prospect ranged in value from 0.13% TREO to 6.02% TREO. The arithmetic average of all Guano samples is 0.90% TREO and 0.55% Nb2O5. and the average percentage of HREE in all of the Guano samples is 10%. The rare earth mineral allanite has been observed at the Guano occurrence. Further mineralogical studies are currently being conducted to determine the other REE minerals and niobium mineralogy of the Guano prospect.

Camp Skarn: The Camp Skarn is a new discovery in 2009 and is located 1.2 kilometres west-north-west of the northern end of the Guano prospect. At this location, a coarse grained garnet-allanite skarn zone was located as float and minor outcrop over about 150 metres of north-south strike and is hosted within altered syenite. A total of seven samples were collected and analytical results from the rock samples contained 0.03% TREO to 1.99% TREO. The average percentage of HREE in all of the Camp Skarn samples is 12%. Geochemical results indicate that this prospect contains lower levels of niobium, zirconium, and thorium suggesting a different genetic history to the Guano prospect. Further mineralogical studies are currently being conducted to determine the REE mineralogy of this prospect.

Shark Bowl: The Shark Bowl area is located 2.8 kilometres west of the north end of the Guano prospect and is associated with quartz-fluorite-allanite veins crosscutting the REE enriched syenite. During the current program, one sample of an allanite bearing quartz vein was collected from this area and analyzed for REE potential. The sample returned a geochemical analysis of 0.14% TREO with 6% HREE. The rare earth minerals bastnaesite and monazite have been confirmed at the Shark Bowl occurrence.

Stream Sediment Sampling: During the current program a total of four silt samples were collected. These samples encompass a drainage catchment area of approximately 1.3 square kilometers, primarily draining areas of altered syenite and the adjacent altered host rocks. The silt samples returned REE values ranging between 0.06% and 0.12% TREO and 144 to 294 ppm Nb. The highest silt sample value of 0.12% TREO and 294 ppm Nb is associated with a stream catchment area of only 0.34 square kilometers; this stream drains an area of altered syenite from within the Shark Bowl prospect area. These stream sediment results demonstrate a large stream catchment area containing anomalous rare earth elements and niobium that significantly expand the target area beyond the known Guano, Camp Skarn and Shark Bowl REE and niobium prospects.

The field program was conducted over an eight day period in August and was operated by Mackevoy Geosciences Ltd. The field crew was headed by David Turner, M.Sc., P.Geo.. The True Blue field program was conducted with financial support from the Yukon Mining Incentives Program (YMIP).

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American and Greenlandic 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 Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

True North Gems Inc.
Andrew Lee Smith, P.Geo.
President and CEO
604-687-8055 or 1-800-399-8055

or

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

TRUE NORTH GEMS INC.: 2009 ADVANCED FIELD PROGRAM COMPLETED AT FISKENAESSET RUBY PROJECT, GREENLAND

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 6, 2009) – True North Gems (TSX VENTURE:TGX) is pleased to announce that the field related components of the 2009 advanced exploration and engineering program have been completed at the Company’s 100% owned Fiskenaesset Ruby Project located on the southwest coast of Greenland. The strategic focus of the 2009 program was the acquisition of data required to support the Company’s application for an exploitation (mining) permit to facilitate subsequent test mining and test marketing. The field program began in late July and concluded the first week of September and successfully achieved the following objectives:

  • Completion of environmental baseline data collection in drainages in the Aappaluttoq prospect area and initiation of environmental studies;
  • Significant advancement of pre-feasibility related engineering and capital cost studies coordinated by M.T Hojgaard;
  • Shipping of the 160 tonne 2008 Aappaluttoq bulk sample and overburden sample to Canada for processing;
  • Initiation of the processing for the 2008 Aappaluttoq bulk sample and overburden sample;
  • Sampling of alluvial material from the margins of the north side of the Aappaluttoq peninsula in Lake Katrina;
  • Re-interpretation of surface outcrops and logging of all drill core from the Aappaluttoq prospect area using Niton technology and revised geological interpretations;
  • Bathymetric surveys of Lake Katrina to evaluate engineering alternatives and environmental studies. This lake immediately adjoins the Aappaluttoq prospect;
  • Exploration of the Qaqqatsiaq license and follow up on the Fiskenaesset license of areas of interest identified in the 2008 season.

True North’s management believes the 2009 work program has provided valuable technical information that will allow the Company to advance towards its goal of submitting an application for an exploitation (mining) permit for the Fiskenaesset Ruby project in Greenland. Furthermore the geological programme has enhanced the understanding of the ruby and pink sapphire occurrences in the Fiskenaesset district.

Ongoing exploration and development programs, and quality control programs at the Fiskenaesset and Qaqqatsiaq Ruby projects are under the supervision of True North Gems’ technical team lead by Andrew Lee Smith, P.Geo., True North Gems’ President and CEO, Rejane Amaral, M.Sc., FCGmA, Project Manager, Iain Groves, B.Sc., Senior Exploration Geologist, and Bonnie Weston, P.Geo., G.G., A.J.P.. Mr. Smith and Ms Weston are Qualified Persons as defined by National Instrument 43-101.

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American and Greenlandic coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and, in Greenland, has the rights to earn 100% interest in the Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101 which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

True North Gems Inc.
Andrew Lee Smith, P.Geo.
President and CEO
604-687-8055 or 1-800-399-8055

or

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

TRUE NORTH GEMS ADDS GIESBRECHT, BOYD TO BOARD OF ADVISORS

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 24, 2009) – True North Gems (TSX VENTURE:TGX) is pleased to announce that Jeff Giesbrecht, B.Eng., LL.B., and Warren Boyd, B.Sc., F.G.A, F.C.Gm.A, have been appointed to the Company’s Advisory Board.

Mr. Giesbrecht completed his degree in engineering geophysics in 1989 and worked in mineral exploration throughout North America before receiving a law degree in 1994. Throughout his legal career he specialized in mining and securities law and acted as legal counsel for a number of companies in the mining sector. Most recently, Mr. Giesbrecht acted as General Counsel for Western Silver Corp. In this role, Mr. Giesbrecht was a member of the management team that successfully negotiated a $1.6 billion purchase of Western Silver by Glamis Gold Ltd. (now Goldcorp Inc.) in 2006.

Mr. Warren Boyd is a highly experienced and respected geologist and gemologist. In addition to other positions held in the gem industry, Mr. Boyd currently serves as the Ambassador to Canada for the International Colored Gemstone Association (ICA), a non-profit association that represents the interests of the global coloured gemstone industry, He is currently a rough diamond valuer to various companies and Canadian government departments including the RCMP and Canada Border Services. For the past 25 years he has been a contributing member, and past chairman of the Canadian jewellery trade committee that is responsible for the production and revisions to Canadian Guidelines with respect to the Sale & Marketing of Diamonds, Coloured Gemstones and Pearls. Mr. Boyd is a past team member of the company that has been, since 1998, the Canadian Government Diamond Valuators (CGDV) which values Canada’s rough diamond production for royalty assessment purposes.

Mr. Warren Boyd is currently President of R. T. Boyd Limited, a family controlled business that has been involved in the importation and international marketing of rough and cut coloured gemstones and diamonds for over 50 years. He has been involved in the discovery, assessment, evaluation, and marketing of coloured gemstone and diamond mining operations in Canada, Brazil, Mexico, and Russia.

True North’s management believes both Mr. Giesbrecht and Mr. Boyd will bring valuable knowledge and experience to the Company’s Advisory Board as True North continues to move forward towards submitting an application for an exploitation (mining) permit for the Fiskenaesset Ruby project in Greenland.

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American and Greenlandic 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 Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

The Company relies on litigation protection for “forward-looking” statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

True North Gems Inc.
Andrew Lee Smith, P.Geo.
President and CEO
604-687-8055 or 1-800-399-8055

or

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