NAG North American Gem Inc.

North American Gem Inc. (NAG) (TSX VENTURE:NAG) through its subsidiary, North
American Gem US, Inc. is pleased to announce that the Kentucky Department of
Natural Resources (KDNR) has fully approved the mining application (Mine permit
number #861-0513) which allows for immediate production to begin at North
American Gem #2 Mine in Knox County, Kentucky.


North American Gem #2 Mine contains Blue Gem and Jellico coal seams and will be
North American Gem's first opportunity to produce highly-valued Blue Gem Coal.


"Blue Gem Coal is a rare and increasingly valuable seam of coal used in the
production of silicon metals," explained Charles Desjardins, President of North
American Gem. "Producing Blue Gem Coal has been our primary strategic business
focus; this new mine is a significant step forward for the company and we are
aiming to achieve our goal of becoming a long-term Blue Gem Coal producer."


Blue Gem Coal commands a price as much as 200% higher than high-quality steam
coal and is typically the highest priced grade of coal produced in the United
States.


Kentucky Mine Partners LLC (KMP) has all of the equipment to perform the mining
operations prepared and staged at the North American Gem #2 Mine. Initial
production of the Blue Gem and Jellico coal is planned for a combined production
rate of approximately 8,000 - 10,000 tons per month. The North American Gem #2
Mine will be a surface mining and augering operation. NAG has a buyer in place
to purchase all of the coal produced from the North American Gem #2 Mine.


All of NAG's potential mining operations will incorporate sediment control
methods that will keep ahead of the increased regulations and restrictions.
Furthermore, in anticipation of increased regulations, NAG has, in all of its
permitting applications, begun the sampling of receiving streams and groundwater
wells utilizing the most stringent and extensive sampling parameters. This will
allow NAG to comply with the regulatory requirements and will also result in a
much shorter and smoother permitting application process.


The North American Gem Processing Facility (Mine Permit #861-8012) will serve as
the central operation and distribution point for coal produced by NAG's mining
operations. The facility has equipment in place that is capable of crushing,
screening, and washing coal. This gives North American Gem Inc. the added
dimension to service a variety of customers by preparing coal to meet their
specific requirements. North American Gem Inc. will also have the ability to
purchase outside coal to produce custom blended products which will increase
market potential. Specifically, plans are to service the industrial stoker
markets, silicon metal producers, and electricity generators.


NAG has also completed production at the North American Gem Mine #1 site in
Whitley County, Kentucky. The Jellico coal which averaged in quality less than
12% ash, less than 1.1% sulphur and greater than 12,200 Btu was sold to four
buyers over the course of the mine's operations. Since North American Gem Mine
#1 was opened for the primary purpose of initiating and streamlining NAG's
Kentucky mining operations, the decision to conclude mining at the North
American Gem Mine #1 was based on profitability analysis of the remaining coal
at the mine and the need to dedicate assets to more profitable mining
operations. 


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.


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.

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