August 31, 2005: North American Gem Inc. (NAG: TSX-V) and Strathmore Minerals Corp. (STM: TSX-V) (“Strathmore”) wish to provide the following additional information on the Duddridge Lake Uranium Property, further to its news release of August 18, 2005. The Duddridge Lake Property encompasses approximately 10,000 hectares and is located about 100 km northwest of LaRonge, Saskatchewan.

Based upon available drill hole information, independent consulting geologist Stuart Fraser, M.Sc., P.Geol., who is a qualified person under NI 43-101, estimated (May 28, 2004) an inferred mineral resource of 215,016 tonnes with an average grade of 2.14 lbs/tonne U3O8 for the Duddridge Lake Property. The estimate is based on several historic drill holes, about which resource blocks were constructed, and projected a maximum distance of 30 meters. A specific gravity of 2.4 was used to determine the tonnage for each resource block. A cut-off grade of 0.7 lbs U3O8 per ton was employed. The original drill core was not available for re-sampling; however, the 43-101 report for Duddridge Lake relies on published and unpublished reports available as assessment reports from the Saskatchewan Mines Branch in Regina, Saskatchewan. The reports pertain to exploration fieldwork completed by senior Noranda geologists; as well as, consulting geological groups including Dolmage Campbell & Associates of Vancouver. The information provided by Noranda Exploration and Dolmage Campbell is considered to be accurate and of very good quality. Fraser noted that the stratabound Uranium and Copper mineralization at Duddridge Lake has only been drill tested to a depth of 80 m, and additional drilling is recommended to test the mineralization at depth. The 43-101 technical report for Duddridge Lake, filed August 13, 2004 on SEDAR, is available for review at www.sedar.com. Strathmore has recently completed a program of basal till sampling at the property. Information from the project is currently being compiled, in preparation for a program of ground geophysics and drilling scheduled for 4th quarter of 2005 and the 1st quarter of 2006.

This news was prepared on behalf of the company by Jody Dahrouge, P.Geol., of Dahrouge Geological Consulting Ltd., Edmonton, Alta. Mr. Dahrouge is the qualified person responsible for the exploration of Duddridge Lake.

North American Gem Inc. (TSX-v:NAG) is a junior exploration Company based in Western Canada. The Company's primary goal is to explore for Copper, Gold, Molybdenum, Uranium and other Base metals. The Company is actively pursuing several opportunities, including the Company's Louise Lake Copper-Gold-Molybdenum Property located in British Columbia, Canada and its Uranium and Multi-mineral target Properties, the Del Bonita, the Western Basin, and the Bonny Fault, all located in Alberta, Canada. The Company also has interest in Hall Lake and Duddridge Lake located in Saskatchewan, Canada through our Joint Venture partner Strathmore Minerals (TSX-v:STM).

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, historical estimates should not be relied upon,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.