June 7, 2007: North American Gem Inc. (TSX-V symbol: NAG) would like to announce that it has commenced the drill permitting process for the Mosquito Gulch Property located in the Nonacho basin approximately 300 km southeast of Yellowknife. The property consists of one mineral claim which encompasses an area of approximately 2,500 acres with a massive pitchblende showing. The Company has planned for a diamond drill program to begin in the fall of 2007. This program will consist of approximately ten holes.

The Mosquito Gulch showing is at the head of a radioactive boulder train that extends to the southwest. The showing extends more than 500 meters with varying widths of 20 to 50 meters and was outlined to a depth of 200 meters. The property has undergone drilling and trenching in the late 1970's and early 1980's by Uranerz Exploration and Mining Limited. This work included the following encouraging results:

Boulder Train Samples
Up to 0.886% U3O8

Trenching Results
0.017% U3O8 over 9.7 meters
0.04% U3O8 over 3 meters

Partial Drilling Results
0.54% U3O8 over 2.3 meters
0.356% U3O8 over 7.3 meters
0.1% U3O8 over 27 meters
(This data was released prior to establishment of current standards under National Instrument 43-101, has not been substantiated by North American Gem Inc, and should not be relied upon.)

Uranium-bearing minerals associated with the Mosquito Gulch showing include pitchblende and allanite. The uranium is found as pitchblende in narrow fracture fillings and small veinlets in quartz stockworks. The mineralization is confined to a zone of cataclasite and mylonite basement rock.

In 1980, Uranerz completed metallurgical tests on rock samples collected at the Mosquito Gulch. Studies included mineralogy, petrography and geochronology were undertaken and bulk samples were shown to be amenable to radiometric ore sorting.

The Nonacho Group is a conformable sequence of continental sediments consisting of conglomerates, lithic-sandstones and shale, which have been deposited in an intracratonic, fault-controlled basin. Basement rocks are mainly early Aphebian to Archean granites and gneisses including numerous mylonite or cataclasite zones. Diabase dykes represent the last Precambrian events.

Mike Magrum, P.Eng., a qualified person under National Instrument 43-101, has approved the technical content of this news release.

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 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.