April 17, 2007: North American Gem Inc. (TSX-V symbol: NAG) is pleased to announce results from the first eight holes of the winter 2007 program targeting the "Main Zone" at the Louise Lake copper-gold-molybdenum-silver project. The road-accessible property is located 35 kilometres west of Smithers, British Columbia, Canada, a full-service community with excellent access to highway, rail and electrical power infrastructure.

The Main Zone hosts an unusual mineral assemblage, with copper occurring as an equal mixture of enargite and chalcopyrite. The 2004 through 2006 programs extended the known dimensions of the east-west striking, moderately north-dipping tabular Main Zone both to the west and east, as well as down-dip to the north. By 2006, the Main Zone was known to be at least 970 metres long, up to 170 metres wide, and known to extend to a depth of 270 metres, where it is abruptly truncated by the flat-lying "Terminator" fault.

In 2006 SRK Consulting (Canada) Inc. completed the first NI 43-101-verifiable resource estimate on the Main Zone using highly conservative market prices, with the following results:

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


Using resource estimates provided by SRK in Table 1, North American Gem has calculated the following contained metal figures:

Table 2: Contained Metal Amounts Calculated from Resource Estimates at 0.25% Copper Equivalent Cut Off Determined Prior to Winter 2007 Drill Program:

Resource Category	Tonnes	Grade	Contained Metal
Indicated	6,000,000	0.214% Cu	28,300,000 lbs Cu
	6,000,000	0.006% Mo	780,000 lbs Mo
	6,000,000	0.20 g/tonne Au	39,000 oz Au
	6,000,000	0.98 g/tonne Ag	189,000 oz Ag
Inferred	141,000,000	0.234% Cu	727,600,000 lbs Cu
	141,000,000	0.009% Mo	27,900,000 lbs Mo
	141,000,000	0.23 g/tonne Au	1,040,000 oz Au
	141,000,000	0.94 g/tonne Ag	4,260,000 oz Ag

The resource estimate study also indicated potential for a separate overlying block north of the western portion of the Main Zone. The 2007 program included drill testing of this interpreted unit, as well as testing for potential strike extension of the deposit to the west, east and north, and along the southern "footwall" contact. Several holes also targeted interior portions of the deposit, to progress towards upgrading of the deposit to the "Indicated Resource" category.

Hole LL-07-06, drilled at an azimuth of 180o and a dip of -60o and targeting the potential overlying block, returned only intermittent anomalous copper and gold values in the target area. However, the "Main Zone was intersected from a depth of 207.0m to the "Terminator" fault at 325.8m. A second hole, DDH LL-07-06A, was collared at the same location and azimuth, but at a dip of -80o; this also intersected the Main Zone from a depth of 239.5m to the "Terminator" at 309.2m. A third hole was collared 60 metres further north, at the same azimuth and a dip of -80o; this again intersected the Main Zone at a depth of 281.5m to the Terminator at 336.5m. Hole LL-07-15 was then collared at the same location, and drilled to the north at a dip of -80o; this failed to intersect Main Zone-style mineralization but did intersect vein-style molybdenum mineralization below the Terminator.

Table 3: Significant Intercepts as of Apr 16, 2007.

Hole	Interval (m)		Length (m)	Copper (%)	Molybdenum (ppm)	Gold (g/t)*	Silver (g/t)*	Copper Equiv (%)
LL-07-01	No significant intervals
LL-07-02	12.1 – 51.5m		39.4	0.191	49	0.166	1.0	0.322
LL-07-03	42.9 – 173.0m		131.6	0.095	57	0.087	0.6	0.185
	Includes:	83.9 – 124.7m	40.8	0.113	72	0.107	0.5	0.262
LL-07-04	16.2 – 245.5m		229.3	0.205	48	0.169	0.7	0.336
	Includes:	89.5 – 206.8m	117.3	0.256	43	0.223	0.8	0.415
LL-07-05	No significant intervals; several results pending
LL-07-06	207.0 – 325.8m		118.9	0.245	159	0.271	0.7	0.506
	Includes:	240.6 – 325.8m	85.2	0.291	167	0.314	0.8	0.582
LL-07-06A	239.5 – 309.2m		69.7	0.292	154	0.334	0.5	0.582
	Includes:	287.3 – 309.2m	21.9	0.423	128	0.488	0.9	0.784
LL-07-14	281.5 – 336.5m		55.0	0.309	87	0.236	1.2	0.507

* 1 g/t = 1 ppm
** Commodity values utilized for Cu Eq are identical to those used in the SRK resource calculation. 100 ppm Mo =0.01%

The Main Zone is now known to extend a minimum of 200 metres northward beyond previously known limits.

Hole LL-07-01 and LL-07-05 were collared about 100 metres east and west respectively of known limits of the Main Zone. These failed to return significant mineralized intercepts, although anomalous copper, gold and molybdenum values were returned from both.

Hole LL-07-02 targeted the southern, "footwall" contact of the deposit farther to the southeast of previous drilling. This intersected a 39.4-m interval from 12.1 through 51.5m grading 0.191% copper (Cu), 49 ppm molybdenum (Mo), 0.166 g/t gold (Au) and 1.0 g/t silver (Ag), confirming zone boundaries in this area. The interval was abruptly truncated by a fault at 51.5m, although strongly anomalous concentrations of all commodities extend to a depth of 122.9m.

Hole LL-07-03 targeted the southern, footwall contact of the western portion of the Main Zone. This returned a 131.6-metre interval from 42.9m to 173.0m grading 0.095% Cu, 57 ppm Mo, 0.087 g/t Au and 0.6 g/t Ag. A 40.8-metre subinterval returned a "copper equivalent" grade of 0.262% Cu (see Table 2). This hole also intersected a 4.4-metre interval from 236.4 to 240.8m grading 0.085% Cu, 18 ppm Mo, 0.069 g/t Au and 0.5 g/t Ag, indicating the presence of weakly mineralized horizons outside of the Main Zone.

Hole LL-07-04, an "interior hole" in the central deposit area, returned a 229.3-metre intercept grading 0.205% Cu, 48 ppm Mo, 0.169 g/t Au and 0.7 g/t Ag. This includes a 117.3-metre sub-interval with a copper equivalent grade of 0.415% Cu.

Hole LL-07-06, the most southerly of the northwestern step-out holes, returned a 118.9-metre intercept grading 0.245% Cu, 159 ppm Mo, 0.271 g/t Au and 0.7 g/t Ag. This includes an 85.2-metre sub-intercept grading 0.291% Cu, 167 ppm Mo, 0.314 g/t Au and 0.8 g/t Ag.

Hole LL-07-06A returned a 69.7-metre intercept grading 0.292% Cu, 154 ppm Mo, 0.334 g/t Au and 0.5 g/t Ag, including a 21.9-metre higher-grade sub-intercept grading 0.423% Cu, 128 ppm Mo, 0.488 g/t Au and 0.9 g/t Ag.

Hole LL-07-14 returned a 55.0-metre interval grading 0.309% Cu, 87 ppm Mo, 0.236 g/t Au and 1.2 g/t Ag. This includes a 0.2-metre massive sulphide vein returning 18.15% copper, 7.5% lead, 1.64 g/t gold and 75.2 g/t silver. Results from Holes LL-07-06, LL-07-06A and LL-07-14 indicate that the Main Zone continues to dip northwards, but flattens somewhat compared with more southerly portions. Molybdenum values are higher here than the deposit average. The "Terminator" also dips gradually northwards, allowing for broader widths than previously anticipated.

Analytical results for the remaining holes are pending. These include results from Main Zone-style mineralization at an equivalent northing to Holes LL-07-06 and LL-07-06A but roughly 300 metres to the east.

The approximate drill hole locations for the Winter 2007 Drill Program can be viewed at the following link:
http://www.northamericangem.com/louiselake_drillholes_2007.pdf

North American Gem would also like to announce that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 1,000,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of two years, at a price of $0.18 cents per share. These options are subject to a four-month hold period.

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. Drilling was conducted by Britton Brothers Diamond Drilling Ltd of Smithers, British Columbia.

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.