March 9, 2005: North American Gem Inc. (TSX VENTURE: NAG) is pleased to announce that diamond drilling has now commenced on its Louise Lake Project. This is the beginning of Phase 1 of a planned two-phase diamond drill program. Phase 1 will consist of about 2,100m of NQ-core diamond drilling in six holes focusing on extension of the “Main Zone” along strike to the west as well as on down-dip extension to the north.

The two-phase diamond drilling program, combined with surface exploration of separate copper-gold-molybdenum soil geochemical anomalies delineated from compilation of past exploration results, is planned for the summer of 2005.

Located 35 km west of Smithers, British Columbia, Canada, the Louise Lake property has excellent road access to major highway, rail and electrical power infrastructure. The drilling has been contracted to Britton Brothers Diamond Drilling Ltd. of Smithers. ALS Chemex Ltd. of North Vancouver, British Columbia, will conduct core sample analysis.

In 1992, former operator Equity Silver Mines Ltd. released a geological resource estimate for the Main Zone of 50 Million tonnes grading 0.3% copper and 0.3 g/t gold. This estimate was produced prior to implementation of modern resource standards contained within National Instrument 43-101, does not distinguish between resource categories, and should not be relied on to necessarily represent accurate estimates under modern standards. No subsequent resource estimates have been made. North American Gem is not treating this estimate as an NI 43-101 defined resource verified by a Qualified Person and has not done the work necessary to verify the classification of the resource.

Due diligence re-sampling by immediate previous operator Firestone Ventures Inc. in 2004 of Main Zone core drilled in 1996 by Global Mineral and Chemical Ltd. confirmed tenor and grade of 1996 drill results. Re-sampling was done of a 55.1m interval of DDH GM-4, from 18.3 - 73.4m, from which Global Minerals reported a value of 0.28% copper and 0.47 g/tonne gold. Re-sampling of this exact interval by Firestone returned a weighted average value of 0.29% copper and 0.459 g/tonne gold across the same interval, indicating reliability of past results.

Firestone also analyzed several samples for “Metallic Screen Fire Assay” analysis to test for coarse gold content. Results indicate that almost all gold occurs as grains less than 100 microns across, and that the "coarse gold effect" is unlikely to be significant within the Main Zone. This further improves reliability of past results. Petrographic thin-section analysis done in 2004 also confirmed earlier descriptions of nature of mineralization.

Firestone determined that, as the 1996 results by Global Minerals were very similar to results obtained by Equity Silver and other previous operators, all previous results may be considered representative of true grades of the Main Zone.

This News Release was reviewed and approved by Carl Schulze, BSc, PGeo, Qualified Person for the project, in accordance with regulations under National Instrument 43-101.

About North American Gem Inc. North American Gem is a junior exploration company based in Western Canada. The Company’s primary goal is to explore for Gold and Platinum Group metals. The Company is actively pursuing several opportunities, including the Louise Lake Project and Bonaparte Mine Property.
For additional information please contact North American Gem Inc.

On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
Charles Desjardins
President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.