Category Archives: News Releases

TRUE NORTH GEMS ENGAGES MT HOJGAARD FOR DEVELOPMENT OF MINE PERMIT APPLICATION FOR THE GREENLAND RUBY PROJECT

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 17, 2009) – True North Gems (TSX VENTURE:TGX) is pleased to announce that MT Hojgaard Greenland ApS (“MTH”) has been engaged as the lead consulting agency to complete the requisite engineering plans and develop an exploitation (mining) permit application for the Company’s Aappaluttoq Ruby Project located in the Fiskenaesset district, on the southwest coast of Greenland. MTH is part of MT Hojgaard a/s, who are one of Europe’s leading construction companies with an extensive in-house design and engineering division.

MTH has been engaged for the preparation of engineering plans and documentation required in order to support the application for an Exploitation License (mining permit) for the Aappaluttoq Ruby Project. MTH will also work with True North’s environmental consultants to co-ordinate the development of an Environmental Socio-economic Assessment study; a requisite part of the exploitation application. The exploitation permit application will be submitted to the Bureau of Minerals and Petroleum of Greenland (“BMP”) in the coming months at which time it will be subject to a review process by the BMP and their consultants.

MT Hojgaard a/s is Denmark’s leading engineering and construction contracting company with a workforce of more than 5,000 people. MT Hojgaard a/s has the professional knowledge, experience and resources to carry out civil engineering and construction projects worldwide.

Since 2005 in Greenland, MTH, in partnership with project owners, has successfully permitted, developed and operated an open pit mine in a region nearby True North’s Fiskenaesset properties. The operation required the development of all necessary infrastructure including a harbour, roads, water and electricity supply, crew and camp etc.

MTH’s experience and network in Greenland will be an important asset for True North in the permitting and exploitation (mining) license application process. The Company will benefit from MTH’s comprehensive approach to mine planning, addressing the technical aspects of the entire project, divided into manageable stages and with exact specifications of everything from staffing and machinery to time schedules and budgets.

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. Mr. Smith and Ms Weston are Qualified Persons as defined by National Instrument 43-101.

Additional information and public documents about True North Gems, including images of 2008 exploration activities, can be viewed at the Company’s website www.truenorthgems.com or at www.sedar.com.

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 43-101 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 APPOINTS MARTIN IRVING TO THE BOARD OF DIRECTORS

Vancouver, August 31, 2009: True North Gems (TGX: TSX-V) is pleased to announce the appointment of Mr. Martin Irving to the Board of the Directors.Mr. Martin Irving is a gemmologist with over 20 years experience working with diamonds and other minerals in Canada. Mr. Irving has extensive experience working with the Government of the Northwest Territories(“GNWT”), including establishing and running the GNWT minerals office, helping establish a diamond certification of origin program and developing diamond cutting facilities in the NWT. He is currently a Principal of Diamond Consultants Canada, a consulting company offering diamond expertise to people looking for opportunities in Canada.

Mr. Irving assumes his Board seat as the investment nominee for the Halman – Aldubi Group who acquired a 13 M share equity position through participation in the Company’s most recent financing (see press release dated August 6, 2009).

The Halman – Aldubi Group is a leading, Israeli based investment house that specializes in the provision of financial and commercial services including the management of Provident Funds, Pension Funds, Mutual Funds and Portfolio Management services. Halman Aldubi is an industry leader with a reputation for creativity and innovation. The Group’s core activities are finance and investment, areas in which their clients are offered the benefit of its decisive competitive advantage.

True North’s management and Board of Directors would like to welcome Mr. Irving on behalf of the Shareholders. The Company believes that the addition of Mr. Irving’s experience gained during the emergence of the Canadian diamond sector strengthens True North’s management and will be a valuable asset as the Company engages the permitting process for the Fiskenaesset Ruby Project located in southwest 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.

For further information, contact:

Andrew Lee Smith, P.Geo., – 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

TRUE NORTH GEMS UPDATES GREENLAND RUBY PROJECT WITH 43-101 REPORT

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 31, 2009) – True North Gems (TSX VENTURE:TGX) is pleased to announce an update on 2008 exploration results from the company’s 823 km2 Fiskenaesset Ruby Project on the southwest coast of Greenland.

Geological modeling of the results from 2007 and 2008 drilling on the Aappaluttoq ruby and pink sapphire prospect has now been completed. The geological modeling of the Host Zone indicates that ruby and pink sapphire occur contiguously within an area of alteration known as the Host Zone; a tightly folded series of distinct zones of phlogopite and pargasite-enriched alteration that occurs at the contact between ultramafic and anorthositic rocks. The Host Zone has been found in drilling as part of the Aappaluttoq exposures seen on surface, as well as at depth in what is known as the Aappaluttoq Deep Zone, a separate body of alteration and mineralization not identified at surface but could possibly be exposed beneath an adjoining small lake. An estimation of the volume of ruby and pink sapphire (corundum) within this Host Zone alteration is presently in progress and will be reported when available.

Exploration of the other known ruby occurrences in the Fiskenaesset District has provided encouraging results. Additional mapping has indicated that several of these occurrences have potential strike and width continuity and contain ruby crystals that could yield gem quality material. In particular, the Siggartartulik and Kangarssuk occurrences have developed as targets with significant size and ruby quality to warrant further bulk sampling and diamond drilling. The summer field program also discovered an additional significant ruby occurrence in the district, Tasit Marluk, bringing the total known ruby occurrences and major prospects to thirty one (31) in this large District. These numerous prospects warrant additional mapping and sampling.

The exploration updates for the 2008 exploration and pre-feasibility program are part of a 43-101 report entitled “2008 Report on Field Activities for the Fiskenaesset Ruby Project, Greenland” authored by Bonnie Weston, P.Geo., G.G., A.J.P.. Copies of this report and other technical and corporate information is available on the Company’s website, www.truenorthgems.com, or on SEDAR at www.sedar.com.

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
Email: info@truenorthgems.com
Website: www.truenorthgems.com

TRUE NORTH GEMS ADDS AMARAL AND GROVES TO GREENLAND TECHNICAL TEAM, DAVISON RESIGNS

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 2, 2009) – True North Gems (TSX VENTURE:TGX) is pleased to announce that Rejane Amaral, B.Sc., M.Sc., FCGmA, has agreed to assume the responsibility of Project Manager and Iain Groves, B.Sc., has agreed to act as Senior Exploration Geologist for the Company’s Fiskenaesset ruby project.

As a geologist and gemmologist, Ms. Amaral is uniquely qualified to assume this post as True North’s Project Manager in Greenland. Ms. Amaral has worked for the company for the past 4 years and has worked exclusively on the Fiskenaesset project for the past 3 years. She has been responsible for contributing to all aspects of the exploration programs completed to date, filling a variety of roles from mapping and prospecting to grading and sorting of gemstones. She has been an integral part of the Greenland operations and particularly critical as a liaison to the local community.

True North’s management is delighted to have Ms. Amaral assume a greater role with the Company and confident that the ability she has demonstrated in fulfilling her duties to date will ensure the successful execution of exploration campaigns going forward.

Mr. Groves will be joining the Company to provide management and technical personnel with assistance and oversight in the development and execution of effective exploration programs in Greenland.

Mr. Groves has 20 years of gold and base-metal exploration experience with numerous mining companies including WMC and Homestake. He has explored for a variety of commodities and deposit styles, including Ni, Cu, PGEs, Au, Ag and diamonds in diverse terranes including the Yilgarn goldfields, Broken Hill, Ballarat, the Tanami, Tanzania and Mexico. Mr Groves has previously been part of several successful exploration groups at Fortnum (Au) and Reliance (Zn), and has been involved in target generation and developing an improved understanding at the giant Broken Hill Pb-Zn-Ag Mine.

Mr Groves’ diverse experience in the mining industry and track record of success in mineral exploration sector will prove to be a valuable asset to True North as the company advances its Greenland exploration property toward commercial production.

The Company also announced today that Greg Davison has resigned as VP Exploration in order to pursue other business opportunities. The Company would like to thank Mr. Davison for his contributions to the Company over the past 5 years and wish him the best of luck in his future endeavours.

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 43-101 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
Email: info@truenorthgems.com
Website: www.truenorthgems.com

TRUE NORTH GEMS PREPARES GREENLAND RUBY PROJECT FOR MINE PERMITTING

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 9, 2008) – True North Gems (TSX VENTURE:TGX) is pleased to provide shareholders with an update of corporate developments and plans for advancing the Company’s 100% owned Aappaluttoq (a-pa-loo-tock) Ruby Project toward commercial production. The results of our exploration over the past two seasons have confirmed our expectations that Aappaluttoq holds a source of high-quality rubies. We are now beginning the transition from an exploration to a development company, and are working with mining engineers in Canada and Denmark, with environmental engineers and with the Greenland government to confirm project economics and develop a comprehensive mine plan which will be submitted to obtain our exploitation permit.

During the past months we have faced challenging capital markets as the global economic crisis has had an amplified effect in the junior resource companies. Nevertheless, we remain confident that the Aappaluttoq Ruby Project possesses many characteristics that will allow for the successful development of a unique and historic mining operation. Primary among these is the high unit value of the ruby and pink sapphire mineralization, as demonstrated through bulk sampling over the past four years, which in turn can support an operation defined by a small environmental footprint, low capital costs and high operating margins and a short pay-back period. These characteristics, combined with a 100% ownership interest, provide the project with the ability to attract alternative forms of financing.

HIGHLIGHTS

  • 2008 exploration objectives met
  • Mine permitting process initiated
  • Application for first sales of Greenland ruby submitted to Greenland government
  • Preliminary economic assessment in progress by Wardrop Engineering
  • Rationalization of the company’s operations and overhead in progress

CURRENT STATUS

The 2008 Exploration Program

The C$4.5M 2008 exploration program was successful in meeting the primary objectives required to position the project to enter the mine permitting process. Field work consisting of diamond drilling, bulk sampling and geological surveying was complete in late September. The results of the 2008 exploration program are currently being evaluated and will be released shortly.

Engineering and Permitting

We are committed to accelerating the advancement of the Aappaluttoq Ruby Project toward mine development. To that end, we have begun formal meetings and dialogue with the Greenland Home Rule Bureau of Mines and Petroleum (BMP) and other agencies responsible for managing the mine permit application process. As part of this process, the company is working with Wardrop Engineering to continue the development of the preliminary economic assessment and has recently engaged MT Hojgaard Engineering (MTH) to assist in the development of a preliminary mine plan for internal planning purposes. MTH is Denmark’s leading engineering and construction contracting company and has successfully permitted, developed and operated the most recent open pit mine in Greenland. MTH’s experience and network in Greenland will be an important asset for True North in the permitting and mining license application process.

An internal preliminary scoping study and conceptual mine plan has been completed and have served as the basis for discussion on key project requirements with the BMP and the National Environmental Research Institute (NERI) in recent meetings. The BMP and NERI confirmed that our environmental baseline work to date meets the standards required in order to begin an environmental impact and socio-economic assessment, which is the first step in obtaining a mining license.

With our successful exploration through 2008, we believe that the mining license application documents can be developed based on existing information.

Capital Resources

The global economic crisis has created particularly challenging financial markets at a time when the True North treasury is depleted at the end of an intensive field season. In this environment it is even more critical that we approach capital markets with a view to obtaining the financing required to advance toward the company’s key objectives in 2009 while balancing our objectives against shareholder dilution. To date, True North has been successful in financing in these challenging markets and maintaining the support of existing shareholders. As we continue to chart a course through these difficult markets, we will consider all the strategic alternatives to ensure the company is adequately financed for 2009.

In addition to accessing capital, the company has joined its peers in the responsible reduction of operating expenses by prioritizing programs, reducing overheads, cutting budgets and initiating measures aimed at capital preservation. To the company’s benefit is that fact that field activities are complete for the year and the company is entering an annual period during which capital expenditures can be maintained at a minimum.

Gemstone Inventory and test sales

We believe that the value of the Aappaluttoq Ruby Project is optimized by processing the mined ruby ore into polished ruby gemstones. In an effort to demonstrate this value, we continue to conduct manufacturing and yield studies with the rubies and pink sapphires recovered from the Aappaluttoq bulk sampling.

As we progress with the processing the polished stone inventory continues to build. Currently we have on-hand finished gemstones resulting from approximately 50% of the concentrate material recovered from the 2006 30 tonne bulk sample. Polishing of the remainder of the 2006 material is nearing completion, and will be returned to our head office in Vancouver in due course.

The initial material polished from the 2006 bulk sample has formed the basis of an application for approval of the first sales of Greenland rubies as part of a program of test marketing that will provide confirmation of the project economics based on our value-added business plan. This sales application has been submitted to the BMP for review and will be considered for approval by the Greenland/Demark bi-lateral Joint Committee on Resources in the first six months of 2009.

Processing of the 2007 bulk sample was substantially completed in 2008 using two Canadian laboratories, Saskatchewan Research Council and SGS Lakefield, as well as our in house gemologists. Results are nearing completion, and will be reported shortly.

Going Forward

In advancing toward commercial production at Aappaluttoq we will continue to act responsibly and in the best interests of the company’s shareholders. Accessing capital will continue to be a challenge and will require corporate agility to balance the company’s financial requirements while maintaining a healthy capital structure. True North is fortunate to own 100% of the project and hence have options that will allow the company to pursue alternative, and potentially less dilutive forms of financing if appropriate.

Our primary focus in 2009 will be advancing the Aappaluttoq Project toward commercial production by diligently advancing studies that will expedite the mine permitting process. The permitting process can be completed on the basis of information already in place and at a modest cost relative to the value added to the project. On-site activities in 2009 will be dedicated to supporting the related engineering studies.

We will continue to assess and improve our capacity to process rough ruby ore into gemstones through our Bangkok office, with the 2009 objective of processing remaining inventories of clean rough gem material from the 2006 and 2007 bulk sample and prepare for the processing of the 2008 bulk sample.

True North’s management and Board of Directors remain committed to building shareholder value through the advancement of the unique and robust ruby project. Our goal is to create a company that will not only mine for ruby ore, but create polished ruby gemstones to sell to the world market. More than ever, we are confident the Aappaluttoq Ruby Project has the potential to support a unique and historic mining operation that will benefit the Company, its shareholders and the people of 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.
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
Email: ken@truenorthgems.com
Website: www.truenorthgems.com

TRUE NORTH COMPLETES $961,270 FINANCING

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 5, 2008) –

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

True North Gems (TSX VENTURE:TGX) (the “Company”) is pleased to announce it has completed it’s previously announced non-brokered private placement. The Company received gross proceeds of $961,270 through the sale of 9,621,700 units at a price of $0.10 per unit.

Each unit is comprised of one common share and one common share purchase warrant, each whole such warrant entitling the holder to purchase one additional common share at a price of $0.20 per share for two years. If the trading price of the common shares of the Company closes above $0.30 per share for a period of 10 consecutive trading days at any time after four months after closing of the private placement, the Company will have the right to accelerate the expiry date of all unexercised warrants.

Finders’ fees in the aggregate amount of $53,725 in cash and 537,250 finder’s warrants were paid to two finders in connection with the private placement. Each finders warrant entitles the holder to purchase one additional common share at a price of $0.10 per share for two years, with the same acceleration provisions described above.

All of the shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period and may not be traded until March 6, 2009, except as permitted by Canadian securities legislation and the TSX Venture Exchange.

6 directors and/or officers of the company subscribed for an aggregate of 865,000 units in the private placement and the holdings by insiders of securities of the Company have increased as a result.

The Company intends to use the proceeds of the private placement for exploration activities on its properties and for general working capital purposes.

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and owns 100% interest in the Yukon-based Tsa da Glisza emerald property and the rights to earn 100% interest in the Baffin sapphire property located on Baffin Island and the Fiskaenesset ruby and pink sapphire property in Greenland.

Some statements in this release contain forward-looking information. These statements include, but are not limited to, statements with respect to the use of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the completion of expenditures.

True North Gems Inc.
Andrew Lee Smith
CEO
(604) 687-8055 or Toll Free: 1-800-399-8055

or

True North Gems Inc.
Ken Shortt
Investor Relations
(604) 687-8055 or Toll Free: 1-800-399-8055
(604) 899-1240 (FAX)
Email: ken@truenorthgems.com
Website: www.truenorthgems.com

TRUE NORTH GEMS ANNOUNCES PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 30, 2008) –

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) announces, further to its press release issued September 29, 2008, that it intends to complete a non-brokered private placement of up to 10,000,000 units at a price of $0.10 per unit, subject to regulatory approval. Each unit will be comprised of one common share and one common share purchase warrant, each warrant exercisable for one additional common share for a period of two years at a price of $0.20 per share. If the trading price of the common shares of the Company closes above $0.30 per share for a period of 10 consecutive trading days at any time after four months after closing of the private placement, the Company will have the right to accelerate the expiry date of all unexercised warrants.

The Company expects to use the proceeds of the private placement to conduct exploration activities on its properties 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.

Five 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 may complete the private placement within 21 days of this press release, as the Company believes that closing the private placement in such period is necessary or reasonable in order to secure funds for its exploration programs and otherwise.

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 Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is granted.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrew Lee Smith, Chief Executive Officer

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of financings, the timing and amount of issuances of securities and the uses of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated financings and securities issuances and the uses of proceeds.

True North Gems Inc.
Andrew Lee Smith
Chief Executive Officer
(604) 687-8055 or Toll Free: 1-800-399-8055
(604) 899-1240 (FAX)
Email: info@truenorthgems.com
Website: www.truenorthgems.com

TRUE NORTH GEMS' DRILLING EXTENDS AAPPALUTTOQ MINERALIZATION AT GREENLAND RUBY PROJECT

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 21, 2008) – True North Gems (TSX VENTURE:TGX) is pleased to announce that drilling completed to date as part of the 2008 exploration and pre-feasibility program has been successful in extending known ruby and pink sapphire mineralization and has intersected new intervals of high grade concentrations of mineralization from both the Aappaluttoq and Aappaluttoq Deep Zones at the Company’s 823 km2 Fiskenaesset Ruby Project, located on the southwest coast of Greenland.

In 2008, a total of 1,834.8 metres were drilled in 19 drill holes to a maximum depth of 176.8 metres. This program was implemented to test an area of the Host Zone to the north and west of previous drilling, and to the east along the projected strike of the Aappaluttoq Deep Zone. Fourteen of these drill holes contain significant concentrations of ruby and pink sapphire. In addition, all of the eight holes targeted to intersect the Aappaluttoq Deep Zone were successful in identifying significant concentrations and confirming the continuity of ruby and pink sapphire mineralization.

Ruby and pink sapphire, identified in core from 2008 drilling, occurs at intervals that vary from less than 1 metre and up to 12 metres in thickness and at down hole depths from 1.2 metres to 152.5 metres. Individual crystals, visible in core, range in size from less than 1 mm to 45 mm in size and comprise from less than 0.5 percent to more than 25 percent of ruby and sapphire by rock volume within these intervals. Coarse crystals occurred in massive aggregates to more than 11 centimetres along the core axis.

Multiple intervals of visible ruby and pink sapphire mineralization have been documented from eight of the fourteen drill holes that contain mineralization are tabulated below.

/T/

Visible Ruby and Pink Sapphire Intercepts from Aappaluttoq and

Aappaluttoq Deep Zones

———————————————————————

Visible Ruby/Pink Sapphire Intervals

Hole ID (downhole depth from-to, metres)

———————————————————————

GL-08-51    28.8-32.9

———————————————————————

GL-08-54    37.6-37.8

———————————————————————

GL-08-56    2.7-11.4, and 71.9-79.8

———————————————————————

GL-08-58    34.6-36.5, and 48.2-54.2, and 54.8-60.9

———————————————————————

GL-08-60    1.5-7.3, and 69.8-72.3, and 81.8-95.2

———————————————————————

GL-08-61    1.2 to 7.3

———————————————————————

GL-08-62    1.3-8.1, and 8.4-11.3

———————————————————————

GL-08-63    24.5-25.9, and 30.6-34.6, and 80.4-82.5, and 139.6-146.3, and 147.6-151.4

———————————————————————

GL-08-64    75.2-81.2, and 81.6-86.1, and 86.5-87.4, and 89.0-89.8

———————————————————————

GL-08-65    36.3-37.2, and 39.2-43.6, and 117.3-126.1

———————————————————————

GL-08-66    11.9-16.2, and 52.7-64.7, and 72.7-83.6, and 84.1-85.8, and 90.8-95.7, and 99.5-111.2, and 142.3-145.0

———————————————————————

GL-08-67    43.7-51.1

———————————————————————

GL-08-68    143.2-152.5

———————————————————————

GL-08-69    18.8-24.2

———————————————————————

/T/

To date, ruby and pink sapphire has been identified in forty-five of the sixty-five holes drilled, including thirty-one holes completed during the 2007 program. The Aappaluttoq prospect has now been traced in drilling and surface exposures over a strike length of 135 metres and a vertical depth of 143 metres. The Aappaluttoq Deep Zone has now been traced in drilling over a strike length of 85 metres and continues to vertical depths of 70-143 metres below surface. Both zones remain open along strike and to depth.

“The drilling program has successfully extended known areas of mineralization and discovered several new intervals of high grade ruby and pink sapphire mineralization, particularly those in Aappaluttoq Deep Zone,” said Greg Davison, True North Gems’ Vice President Exploration. “With the known mineralization continuing to remain open to the north, south and to depth, and in multiple intervals with well developed, locally very coarse-grained aggregates of ruby and pink sapphire crystals, we are very encouraged about the potential of the Aappaluttoq occurrence.”

The planning and execution of the 2008 ruby exploration and quality control programs at the Fiskenaesset and Qaqqatsiaq Ruby projects are under the supervision of Greg Davison, True North Gems’ Vice President Exploration. Mr. Davison is a Qualified Person as defined by National Instrument 43-101. Wardrop Engineering, an internationally recognized engineering firm, has been engaged as the Independent Qualified Person to provide the Preliminary Economic Assessment of the Aappaluttoq ruby occurrence on the Fiskenaesset ruby property.

Additional information and public documents about True North Gems, including images of current exploration activities, can be viewed at the Company’s website www.truenorthgems.com or at www.sedar.com.

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 43-101 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.
Greg Davison, P.Geo.
Vice President Exploration
(604) 687-8055 or Toll Free: 1-800-399-8055
Email: greg@truenorthgems.com

or

True North Gems Inc.
Ken Shortt
Investor Relations
(604) 687-8055 or Toll Free: 1-800-399-8055
(604) 899-1240 (FAX)
Email: info@truenorthgems.com
Website: www.truenorthgems.com

TRUE NORTH GEMS ANNOUNCES BROKERED PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 7, 2008) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

True North Gems (TSX VENTURE:TGX) (“True North Gems” or the “Company”) is pleased to announce that it has entered into an agreement with Jennings Capital Inc. (the” Agent”) to act as agent on a “best efforts” basis in connection with the placement of up to 16,666,667 Units (“Units”) of True North Gems at a price of CAD $0.30 per Unit (the “Offering”) for aggregate gross proceeds of up to CAD $5,000,000. The Agent has the right to exercise an option at any time up to 48 hours prior to the closing of the Offering to increase the size of the Offering by up to an additional 6,666,667 Units pursuant to the terms of the Offering, the full exercise of which would result in an additional aggregate gross proceeds of CAD $2,000,000 under the Offering.

Each Unit will consist of one common share of the company (a “Share”) and one-half of one common share purchase warrant (a “Warrant”) of the Company. Each whole Warrant will entitle the holder thereof to purchase one Share at an exercise price of CAD $0.40 per Share for a period of 24 months from the date of closing of the Offering.

The Agent will receive a cash commission equal to 7% of the aggregate gross proceeds of the Offering. The Agent will also receive Agent’s Warrants exercisable to purchase that number of Shares that is equal to 7% of the aggregate number of Units sold under the offering. Each Agent’s Warrant will entitle the holder to acquire one Share at a price of CAD $0.30 for a period of 24 months from the date of closing of the Offering.

The Units will be offered by way of private placement exemptions in the provinces of British Columbia, Alberta and Ontario and such other jurisdictions within and outside of Canada as may be agreed to between the Company and the Agent. The Offering will not be available in the United States except under applicable registration exemptions under the United States Securities Act of 1933. The securities issued in the Offering will be subject to a hold period of four months plus one day from the date of closing.

If, at any time following expiry of the hold period, the closing price of the Company’s common shares on the TSX Venture Exchange is greater than CAD$ 0.75 for 10 or more consecutive trading days, the Company may give 21 days prior notice (“Prior Notice”) to the holders of the Warrants and Broker Warrants that the expiry date for the exercise of the Warrants has been accelerated and that the Warrants will expire on the 21st calendar day following the date of such Prior Notice.

The Offering is scheduled to close on or about July 29, 2008 and is subject to the Company receiving all applicable regulatory and TSX Venture Exchange approvals and completion of definitive documentation. Proceeds from the Offering will be used for exploration expenditures and feasibility study work at the Fiskenaesset Ruby Project, located on the west coast of Greenland and for working capital purposes.

Additional information and public documents about True North Gems, including images of 2007 exploration activities, can be viewed at the Company’s website www.truenorthgems.com or at www.sedar.com.

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, holds 100% interest in the Fiskenaesset and Qaqqatsiaq ruby and pink sapphire properties, 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
Email: info@truenorthgems.com
Website: www.truenorthgems.com

TRUE NORTH GEMS INITIATES 2008 GREENLAND RUBY EXPLORATION AND PRE-FEASIBILITY PROGRAM

VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 27, 2008) – True North Gems (TSX VENTURE:TGX) is pleased to announce the commencement of field activities as part of the 2008 exploration and pre-feasibility program on the Company’s 823 km2 Fiskenaesset ruby project, located on the southwest coast of Greenland.

The two principal objectives of the 2008 exploration program are to enhance the successful results achieved during 2004 to 2007 through advanced exploration and pre-feasibility related studies at the Aappaluttoq prospect, and to continue with regional and prospect-scale exploration on the other ruby occurrences identified to date on the Greenland properties.

The planned exploration and pre-feasibility program at Aappaluttoq includes an engineering study to address issues of resource determination, site pre-engineering, mine plan design, process plant design, initial permitting, environmental and socio-economic planning and development. Also, additional bulk sampling, grade confirmation drilling and pilot processing of ruby mineralization from Aappaluttoq is planned.

The 2008 work program began on May 30 with the arrival of advance field personnel and equipment at the site. The installation and commissioning of the exploration base camp and field support infrastructure is nearing completion and the mobilization of geological personnel to Greenland is now complete. Two diamond drills remain to be mobilized to Aappaluttoq and a second smaller satellite exploration camp, to be located near the Siggartartulik prospect, also awaits transport from the village of Fiskenaesset. Geological mapping has commenced at Aappaluttoq and the southern area of the Ruby Island Line focused on the Sarfaq and Rejane occurrences, located 250-500 metres along strike from Aappaluttoq. Drilling of the Aappaluttoq occurrence is scheduled to begin on or about July 15.

The property-scale, regional exploration program will include detailed mapping and exploration drilling of the 1.5-kilometre strike length of the Siggartartulik ruby occurrence, additional property exploration on the Fiskenaesset license to follow up on significant results from the 2007 channel sampling, and regional exploration on the adjacent Qaqqatsiaq license. Geological mapping will commence at Siggartartulik on June 30. Exploration drilling, on 50-100 metre centres along the strike of the Siggartartulik occurrence, is scheduled to begin by July 31.

Proposals for the environmental baseline and impact assessment studies have been received and contracts are expected to be awarded shortly.

The planning and execution of the 2008 ruby exploration and quality control programs at the Fiskenaesset and Qaqqatsiaq Ruby projects are under the supervision of Greg Davison, True North Gems’ Vice President Exploration. Mr. Davison is a Qualified Person as defined by National Instrument 43-101. Wardrop Engineering, an internationally recognized engineering firm, has been engaged as the Independent Qualified Person to provide the Preliminary Economic Assessment of the Aappaluttoq ruby occurrence on the Fiskenaesset ruby property.

Additional information and public documents about True North Gems, including images of 2007 exploration activities, can be viewed at the Company’s website www.truenorthgems.com or at www.sedar.com.

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.
Greg Davison, P.Geo.
Vice President Exploration
(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
Email: greg@truenorthgems.com
Website: www.truenorthgems.com