March 21, 2007: North American Gem Inc. (TSX-V symbol: NAG) is pleased to announce it has retained the services of The Richmond Club Corp. ("Richmond Club") of Toronto, Canada, to provide investor relations services for the Company, subject to TSX Venture Exchange approval.

The Richmond Club is a media company that showcases 3-4 companies that it feels, have an excellent chance of out-performing the market over a 1-2 year period, at its monthly luncheon meetings. These companies are showcased to The Richmond club's 612 members, through its website and at investor luncheon meetings. Richmond Club members are a mixture of brokers, fund managers analysts and high net-worth investors. Monthly luncheon meetings are held in Toronto at the National Club, at Bay & King Street and are free of charge to brokers, fund managers, analysts and high net-worth investors.

Richmond Club will receive a monthly fee of $1,450 and will be granted 196,000 stock options vesting 25% now and every three months during the first 12 months at an exercise price of $0.18 per share. The term of the investor relations contract with the Richmond Club is one year.

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.