NAG North American Gem Inc.

North American Gem Inc. (NAG) (TSX VENTURE:NAG) reports that it has currently
raised $929,120 through the exercising of warrants. In combination with the
revenue being produced from mining operations at the North American Gem #1 Mine,
the money raised through the exercising of warrants will be used to fund several
of NAG's upcoming projects. In particular, the money raised will fund the
bonding for the North American Gem #2 Mine, the bonding for the pending Swan
Pond lease (North American Gem #3 Mine) and provide the capital necessary for
the building of additional hauling roads and sediment ponds.


"As a result of the recent infusion of capital, the Company will not have to go
to the to the public market to raise additional funds to satisfy our near term
needs." stated Charles Desjardins, President of North American Gem Inc. "This
capital will ensure full funding for all of North American Gem's current
projects and will also allow the Company to acquire additional coal leases and
permit multiple land tracts."


Mr. Dean Schafer is acting as operations manager of all 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 and
West Virginia.


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, gold, 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.

Grafico Azioni North American Gem Inc. (TSXV:NAG)
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Da Giu 2024 a Lug 2024

Grafico Azioni North American Gem Inc. (TSXV:NAG)
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Da Lug 2023 a Lug 2024