May 10, 2007: North American Gem Inc. (TSX-V symbol: NAG) is pleased to announce the acquisition of 1,600 Ha (3,953 acres) of additional contiguous ground onto its Louise Lake copper-gold-molybdenum-silver project, extending the land package to the northwest. This acquisition is due to favourable results returned from the winter 2007 program targeting the "Main Zone", including confirmation of higher copper and gold grades at depth north of previously known limits. 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, with the following results:

Table 1: - SRK Classified Mineral Resources for the Louise Lake Deposit.

Mineral Resources	Tonnes	CuEq**(%)	Cu (%)	Mo (%)	Au (g/t)	Ag (g/t)
Indicated	6,000,000	0.369	0.214	0.006	0.20	0.98
Inferred	141,000,000	0.426	0.234	0.009	0.23	0.94

*All resources quoted at 0.25% CuEq cut-off
**CuEq calculated using the following metal prices: Cu US$1.20/lb, Mo US$8/lb, Au US$ 450/oz, Ag US$7/oz
***The copper equivalent values have been determined using values below current market conditions to allow for long term market fluctuations

Table 2: Contained Metal Amounts Calculated from Resource Estimates at 0.25% Copper Equivalent Cut Off, 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 current resource estimate presented in Table 1 will be upgraded shortly, incorporating results from the 2007 program including the northern step-out holes, potentially increasing much of the resource to the "Indicated" category.

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.