March 31, 2005: North American Gem Inc. (The Company) is pleased to announce that an extension for the “exemption” of the “Road Use Permit” and the “Free Use Permit” has been authorized by the British Columbia Forest Service until April 20th, 2005. The exemption allows North American Gem Inc. time to continue drilling a seventh drill hole. This hole will test the up-dip extension of the higher grade zone encountered in Hole LL-05-02, and will be located approximately 100m to the south of LL-05-02.

The drilling progress is moving ahead efficiently and we are currently drilling our fifth drill hole of the now planned seven drill holes for the Phase 1 program. Results are expected from the third drill hole in the next few weeks. North American Gem Inc. will be attending the Calgary Mining Forum on April 6-7th. We will be located at booth #20 in the Niagara Room, on the second floor of the downtown Ramada Hotel (708 - 8th Avenue SW).

North American Gem Inc. will also be attending the Calgary Resource Investment Conference on April 10-11th. We will be located at booth #323 in the Calgary Convention Centre (120 - 9th Avenue SE). North American Gem Inc. (the Company) has granted subject to regulatory approval, directors, officers, consultants and employees incentive stock options of the Company to purchase in the aggregate 900,000 common shares in the capital stock of the Company per the Company’s Stock Option Plan for a period of 2 years at a price of $0.16 per share.

Carl Schulze, BSc, P.Geo, is the Qualified Person for the Louise Lake project, in accordance with regulations under National Instrument 43-101.

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 Property.

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, 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.