December 3, 2007: North American Gem Inc. (TSX-V symbol: NAG) is pleased to announce further developments on its 44,400 acres Whiskey Gap Uranium project located in Southern Alberta along the Canada/U.S.A border. North American Gem Inc. entered into a Joint Venture Agreement with International Ranger Corp. (OTC pink sheets: IRNG) on November 1, 2005 and has completed two drill programs in which anomalous radioactivity was intersected in 31 of 37 drill holes totaling 4005 meters.

With the discovery of strongly reducing, radioactive sandstones, containing anomalous heavy metals and associated radon in water, Management remains confident that the Whiskey Gap lands could contain significant Sandstone Hosted Uranium mineralization.

Most recently a Water Sampling Program had been conducted on the Whiskey Gap project lands by the Alberta Geological Survey. The survey data is released as Earth Sciences Report 2007-08 by R. Olsen and S. Anderson of the AGS. The AGS study confirmed the Anomalous Radon and Uranium in water values first located during the original International Ranger and North American Gem exploration programs.

AGS sample number 06USA017 collected from a location not previously sampled, returned values of 160 ppb Uranium, 420 ppb Molybdenum and 140 ppb Arsenic. These sample values are approximately 4 times higher than any previous water samples taken on the property and are located up "flow direction" of a strongly reducing zone of anomalous mineralization and radioactivity defined late in the 2006 drill program.

Sandstone hosted Uranium mineralization typically is localized at the boundary between oxidation and reducing conditions, these zones typically contain high levels of heavy metals in addition to Uranium. The Whiskey Gap property is underlain by a series of fluvial sandstones of Cretaceous age, thought to be analogous to sandstones in parts of Wyoming that host significant Roll front Uranium deposits.

The Whiskey Gap Project is a Joint Venture between North American Gem Inc. and International Ranger Corp., whereby the Company can earn a 70% interest by spending $1,250,000 over 3 years. An additional 10% can be earned by taking the project to feasibility.

The project is under the direction of Glenn .S. Hartley P. Geol. in accordance with the regulations of National Instrument 43-101.

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 in Canada. The Company is actively pursuing several opportunities, including the Louise Lake copper-gold-molybdenum-silver project located in British Columbia. 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. In addition the Company is also pursuing its Mosquito Gulch uranium property located in the North West Territories and the Ranger Lake Uranium property located in Ontario.

On Behalf of the Board of Directors

NORTH AMERICAN GEM INC.
"Charles Desjardins"

Charles Desjardins
President and Director

The TSX Venture Exchange 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.