North American Gem Inc. Applies for Multiple Coal Exploration Permits in Knox County, Kentucky

North American Gem Inc. (NAG) (TSX VENTURE:NAG) has applied for multiple Coal
Exploration Permits to the Kentucky Department of Natural Resources. These
permits applications are for the North American Gem #2 Mine, North American Gem
#3 Mine (Swan Pond Lease), Gilliam Hill South Lease, and the Arkle Hollow Lease.
A Coal Exploration Permit will allow for surface disturbances and the drilling
and extraction of coal for the purpose of sampling and analysis. 


The exploration permit on the North American Gem #2 Mine will allow for enhanced
efficiency of operations currently under way at the site as well as the
evaluation of the surrounding area for possible expansion. The exploration
permit for North American Gem #3 Mine is for the purpose of evaluating adjacent
properties being considered for expanded or additional mining permits. 


Gilliam Hill South Lease is comprised of approximately 500 acres and located
just south of the North American Gem #2 Mine. Coal Seams that are known to exist
on the lease are the Blue Gem, Jellico, Dean, and the Moss. Both the Dean and
Moss seams have historically proven to be low sulfur, high quality coal seams
that are ideal for the utility (electricity generation) market.


The Arkle Hollow Lease is comprised of approximately 562 acres and is located
less than 1 km south of the Gilliam Hill South Lease and is known to contain the
same coal seams. The longer term goal is to secure leases on parcels of land
that will physically tie together the Gilliam Hill South and Arkle Hollow
Leases. Both Leases are located within 3 km of The North American Gem Processing
Facility.


The decision of North American Gem to acquire and develop all of these coal
leases were made with consideration of the situation regarding the "mountaintop
removal" and "valley fill" issues under scrutiny by the US Environmental
Protection Agency. None of the leases currently held or being considered by NAG
will be affected by this issue.


Mr. Dean Schafer is acting as general manager of the Company's Kentucky coal
leases and is currently implementing an overall mine plan.


Ms. Deborah Moses, PEng, PLS, REM, of Engineering Consulting Services Inc.
(ECSI) is the qualified person for the Company's coal operations in Kentucky.


North American Gem Inc. (TSX VENTURE:NAG) is a junior resource company in
Western Canada. The company's major focus is expanding its coal mining
operations at its flagship properties in Kentucky. In addition, the company has
interests in coal, copper, molybdenum, and other base metals in Canada.


On Behalf of the Board of Directors 

NORTH AMERICAN GEM INC.

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. The
production rate and mine-life projections have been made without support of a
feasibility study, there is no certainty the proposed operations will be
economically viable. By their nature, forward looking statements involve risk
and uncertainties because they relate to events and depend on factors that will
or may occur in the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing, currency exchange
rates, and, but not limited to, general economic factors. Cautionary Note to US
investors: The U.S. Securities and Exchange Commission specifically prohibits
the use of certain terms, such as "reserves" unless such figures are based upon
actual production or formation tests and can be shown to be economically and
legally producible under existing economic and operating conditions.

North American Gem Inc. (TSXV:NAG)
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