Jan 5 2009, 3:58pm
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News ReleaseNorth American Gem Inc. acquires an additional 69,000 acres to its recently purchased Bonny Fault Multi-mineral property in Northeastern AlbertaApril 18, 2005: North American Gem Inc. (The Company) is pleased to announce that three additional mineral permits have been applied for, to add 69,000 acres (276 sq. km) to North American Gem Inc.’s recently acquired Bonny Fault Property (see April 5 press release). This additional land acquisition will bring the total Bonny Fault property up to 117,000 contiguous acres (468 sq. km). This additional acquisition was conducted to secure favorable geology similar to the geological settings in which the main Bonny Fault mineral showings are hosted. One such mineral showing discussed in the April 5th press release is the AGS documented: West Arm of Andrew Lake showing with a 3.93% U3O8 and 1.03% Mo sample.
Southern Alberta Uranium Update: Glenn Hartley, P.Geo, is the qualified person for the property, in accordance with regulations under National Instrument 43-101. It should be noted that North American Gem Inc. is commencing due diligence work and has not verified any of the results reported in this news release. 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, Platinum Group metals and Uranium. The Company is actively pursuing several opportunities, including the Louise Lake Project, Bonaparte Mine Property, and its new Uranium Properties. For additional information please contact North American Gem Inc. For additional information please contact North American Gem Inc.
On Behalf of the Board of Directors 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.
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