Category Archives: News Releases

TRUE NORTH GEMS OBTAINS RENEWAL FOR GREENLAND RUBY EXPLORATION LICENSE

VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 24, 2008) – True North Gems (TSX VENTURE:TGX) is pleased to announce that the Bureau of Mines and Petroleum (“BMP”) and the Joint Committee on Mineral Resources for Greenland and Denmark (“Joint Committee”) has approved True North Gems’ application for renewal of the 110 km2 Fiskenaesset exploration license which is contiguous with and adjacent to the Company’s 713 km2 Qaqqatsiaq ruby exploration license acquired in December 2007. Both exploration licenses are located on the southwest coast of Greenland.

The formal ratification of the Fiskenaesset license renewal application, valid for a further period of five years from January 1, 2008 through December 31, 2012, maintains True North’s total land position of 823 km2. The Fiskenaesset license was originally acquired by Brereton Engineering & Developments Ltd. (“Brereton”) in March, 2003. True North optioned the property in April, 2004 and the obligations to Brereton under the terms of this option agreement remain in effect.

As part of the license renewal, BMP and the Joint Committee have also approved the formal transfer of the Fiskenaesset license from Brereton to True North.

The Fiskenaesset license consists of three separate property blocks (designated sub-areas) which cover more than thirty known ruby occurrences, as well as extensive areas of prospective geology for the occurrence of ruby and pink sapphire mineralization. Exploration within the Fiskenaesset license has been advanced by True North Gems since 2004 and detailed assessment of the high grade Aappaluttoq prospect was initiated by True North Gems during 2006 and 2007. The 2008 exploration program has the objective of acquiring sufficient information to advance Aappaluttoq to the pre-feasibility stage.

The planning and execution of the 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, 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 43-101which 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 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
Website: www.truenorthgems.com

TRUE NORTH GEMS INC. ANNOUNCES GRANTING OF OPTIONS

VANCOUVER, BRITISH COLUMBIA–(Marketwire – April 3, 2008) – True North Gems Inc. (TSX VENTURE:TGX) announces the granting of an aggregate of 1,670,000 incentive stock options to directors, officers and employees of the Company. The options have an exercise price of $0.38 per share and will expire on April 3, 2013.

True North Gems Inc.
Greg Fekete
President
(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 APPOINTS ROBERT BOYD AS CHAIRMAN, ANDREW SMITH TO ASSUME ROLE AS PRESIDENT AND CEO

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 29, 2008) – True North Gems (TSX VENTURE:TGX) is pleased to announce the appointment of Robert Boyd as Chairman of the Board of True North Gems. As part of a re-organization of the Company’s executive, Andrew Lee Smith will be assuming the role of President and CEO.

Mr. Boyd is a mining executive with more than 30 years experience in exploration, executive-level management, corporate finance and corporate governance. Mr. Boyd is currently a Director of the Prospectors & Developers Association of Canada (PDAC) and the Association for Mineral Exploration BC. He was formerly the President CEO and Director of Ashton Mining of Canada Inc., a leading diamond exploration company, also a founding principal and major shareholder of a financial and strategic advisory firm, and former Vice President Exploration for Homestake Canada Limited.

Mr. Boyd is a geologist and gemologist. He is a member of the Association of Professional Engineers & Geoscientists of BC, the Canadian Institute of Mining and Metallurgy, the Society of Economic Geology and a fellow of the Geological Association of Canada, and Gemological Associations of Great Britain and Canada.

Andrew Lee Smith has over 20 years of experience in successfully exploring, developing and operating North American base and precious metal mining and gem projects. Mr. Smith joined Aurizon Mines Ltd. in 1985 and resigned in 1998 from the position of vice-president of exploration.

Mr. Smith is the co-founder of True North Gems, and has served as Chairman and CEO since 2003. Mr. Smith holds a BSc and is a professional geologist as well as a member of the Association of Professional Engineers and Geoscientists of British Columbia.

Greg Fekete is relinquishing the role of President of True North Gems and taking up a new role as a both Director and Corporate Secretary. Mr Fekete has been responsible for the development of the Company as President since 2004 and, in this capacity has made significant contribution to the success True North has achieved to date.

Information about True North Gems 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. The Company is a pioneer in coloured gemstone exploration and, currently in Greenland, holds a 100% interest in the Qaqqatsiaq ruby property and has the rights to earn 100% interest in the Fiskenaesset ruby and pink sapphire 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
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 GEMS ANNOUNCES $9.5M PRE-FEASIBILITY AND EXPLORATION PROGRAM FOR GREENLAND RUBIES

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 28, 2008) – True North Gems (TSX VENTURE:TGX) is pleased to announce its 2008 exploration and pre-feasibility program for the Company’s 823 km2 Fiskenaesset Ruby Project, located on the southwest coast of Greenland.

The objectives of the 2008 exploration program will be to build upon the successful results achieved in 2004 through 2007. The recommended program for 2008 will proceed on two fronts; advanced exploration/pre-feasibility at Aappaluttoq and regional exploration designed to continue the definition and evaluation of the other ruby occurrences identified to date on the Greenland properties.

The advanced exploration/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 are recommended.

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.

The proposed exploration budget for the 2008 Greenland exploration program is approximately C$9,500,000 with the field season running from June 1 to September 30.

True North continues to recognize new and growing potential value for the rubies and pink sapphires at Fiskenaesset. This is due to changes in the global ruby market anxious for a new long-term source of quality ruby, and the successful results of its processing and gemstone recovery efforts. The Fiskenaesset gemstones respond well to processing and manufacturing, and are well suited to production of commercial jewellery.

True North’s management believes that the evaluation of the coloured gemstone potential of the Fiskenaesset district is fully warranted as a result of the number, grade and quality of ruby occurrences located over the past three field seasons.

The recommendations for the 2008 exploration and pre-feasibility program are part of a 43-101 report entitled “Report of Activities for the Fiskenaesset Ruby Project, West Greenland” authored by Greg Davison, MSc, P.Geo., and Vice President of Exploration for True North Gems. 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.ca.

The planning and execution of the exploration, mineral processing and quality control programs at the 2007 Greenland ruby project are under the supervision of Greg Davison, True North Gems’ VP Exploration. Mr. Davison is a qualified person as defined by National Instrument 43-101.

True North Gems Inc. is listed on the TSX Venture Exchange (TGX-V) and is engaged in the exploration and development of North American and Greenland coloured gemstone projects. The Company is a pioneer in coloured gemstone exploration. In Greenland, the Company currently holds a 100% interest in the Qaqqatsiaq ruby property and has the rights to earn 100% interest in the Fiskenaesset ruby and pink sapphire property. In Canada, the Company 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.

True North Gems Inc.
Andrew Lee Smith
Chairman 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