February 15, 2007: The Board of Directors of North American Gem Inc. (NAG, TSX-V) is pleased to announce details of the Company's winter, 2007 diamond drilling program on its Louise Lake Project, set to commence during the week of February 19th, 2007. The program will consist of 3,800 metres of "NQ"-sized core in 13 holes, using two diamond drills, the second of which will be in service by month-end. Further drilling may occur if conditions permit. The road-accessible Louise Lake property is located 35 kilometres west of Smithers, a full-service community with excellent access to highway, rail and electrical power infrastructure.

This drilling program is designed to test extensions of mineralization comprising the "Main Zone", a tabular, north-dipping copper-gold-molybdenum-silver deposit. The deposit extends to a depth of about 270 metres, where it is abruptly truncated by a flat-lying thrust fault, called the "Terminator".

An Independent NI 43-101 compatible resource estimate by SRK Consulting (Canada) Inc., released in late May, 2006, provided the following Indicated and Inferred resource base:

Table 1: - SRK classified mineral resources for the Louise Lake deposit.

The final report by SRK Consulting also stated that the Main Zone deposit remains open to the north, along its down-dip extension. It also remains open along strike to the west and also along its southern, footwall contact. Thus, three holes will test the northern down-dip extension; one of these will be located somewhat east of known mineralization to simultaneously test the eastern strike extent. One hole will test the western strike extension and two will test the southern contact.

The report suggests the presence of a separate mineralized body north of the western part of the Main Zone; this will be tested during this program. Five interior holes will be drilled within deposit boundaries, focusing on upgrading of the resource base to the indicated category.

The SRK Consulting report indicated that the Main Zone occurs within a faulted block, which has been offset to the west-southwest along the Terminator fault. Therefore, the underlying portion hosting the sub-"Terminator" extension of the Main Zone occurs somewhere to the east-northeast. A geophysical anomaly comparable to that associated with the Main Zone itself occurs about one kilometre east of the zone. A single hole will target this anomaly to determine if it represents the underlying portion 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. 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.