February 13, 2007: North American Gem Inc. (NAG:TSX-v) (the Company) is pleased to announce that the permits for the winter, 2007 diamond drilling program at the Louise Lake project have been received. This diamond drill program is set to commence by Feb 20. The Louise Lake project is located 35 kilometers west of Smithers, British Columbia and has excellent road access to major highway, rail and electrical power infrastructure based at the town of Smithers.

North American Gem Inc. has recently passed three very significant milestones towards development of the "Main Zone" deposit at Louise Lake. In March 2006 SRK Consulting (Canada) Inc. was contracted to provide a resource estimate for the Main Zone; this was followed by metallurgical studies of a bulk sample of Main Zone material by G&T Metallurgical Services Ltd. Thirdly, and most recently, a Resource Partnership Agreement has been reached with the Duubisxw House Group of the Gitxsan First Nation, creating a strong partnership in the development of the Louise Lake project.

The NI 43-101-compliant resource estimate calculated by SRK Consulting and announced by North American Gem on May 30, 2006 (see News Release May 30, 2006) is presented in Table 1. Table 1 lists indicated and inferred resources calculated by SRK Consulting for the Main Zone, at a copper equivalent cutoff of 0.25% Cu.



These resources were estimated by ordinary kriging methods from 37 drill holes located within a mineralized envelope designed by SRK. The resource is based on a global bulk density of 2.75 tonnes/m³. Block classification was applied using a combination of the average distance and number of drill holes contributing composites to the local estimate.

Indicated resource classification was applied to blocks with a minimum of two drill holes and an average distance to composites of less than 50 metres. Additionally, blocks assigned to the indicated resource classification were limited to areas where bulk density samples were taken. The indicated blocks form a contiguous cluster with overall dimensions of 100 by 300 by 170m, extending from surface to a depth of 175m. The formula used for Cu-equivalent calculations is provided at the base of Table 1; no provisions were made for metallurgical recoveries.

The Company then submitted roughly 160 kg of sample material consisting of re-split NQ-sized drill core from the "Main Zone" to G&T Metallurgical Services Ltd. Sample intervals were chosen to be as representative as possible of overall grade and lithological setting of the deposit. Head grades of copper, gold and molybdenum were comparable to those from the original core sampling. Silver grades stood at 8.0 g/t, more than five times higher than the original value from core sampling.

Test results indicate that a copper concentrate containing 28.9% copper may be produced at a recovery of 85%. The concentrate also contained payable levels of gold, at 17.9 g/t, at a recovery of 54%, as well as silver, at 364 g/t with a 44% recovery.

Molybdenum recoveries were also very encouraging. The concentrate contained 0.650% Mo at a recovery of 80%, potentially recoverable as a separate saleable product. This is a very positive result considering the low head-grade values; the molybdenum grade in the sample submitted is slightly lower than the average grade reported from the resource evaluation by SRK Consulting Canada Inc. (see News Release dated July 24, 2006).

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. All sample analysis was done by ALS Chemex of North Vancouver, British Columbia, Canada. The metallurgical study was done by G & T Metallurgical Services of Kamloops, British Columbia, Canada.

About North American Gem Inc. North American Gem Inc. (TSX-V symbol: NAG) is a junior exploration Company based in Western Canada. The Company's primary goal is to explore for Uranium, Molybdenum, Gold, Copper and other base metals. The Company is actively pursuing several opportunities, including the Louise Lake copper-gold-molybdenum-silver deposit located in British Columbia, Canada. The Company is also pursuing its uranium projects, consisting of the Whiskey Gap, Del Bonita, Western Basin, and Bonny Fault projects, all located in Alberta, Canada. In addition the Company is also pursuing its Mosquito Gulch uranium property located in the North West Territories.

On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
"Charles Desjardins"

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. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. 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.