May 9, 2007: North American Gem Inc. (TSX-V symbol: NAG) is pleased to announce results from the final eight holes of the winter 2007 program targeting the "Main Zone" at the Louise Lake copper-gold-molybdenum-silver project. These include confirmation of higher copper and gold grades at depth north of previously known limits in northeastern areas. 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 resource estimate study also indicated potential for a separate overlying block north of the western portion of the Main Zone. A series of step-out holes confirmed a minimum 200-metre northward extension of the Main Zone (see NAG News Release Apr 16th). Hole LL-07-17, collared at an azimuth of 180o and dip of -60o, roughly 340 metres east and 50 metres north of Hole LL-07-14 (see Figure 1), intersected 44.1 metres of Main Zone-style mineralization at depth grading 0.329% Copper (Cu), 55 ppm molybdenum (Mo), 0.440 g/t gold (Au) and 1.3 g/t silver (Ag). This hole was collared about 75 metres northwest of Hole LL-06-04, previously the northernmost hole in the northeastern area.

Hole LL-07-18B, collared at the same location and azimuth as LL-07-17 but at a dip of -78o, returned a 26.1-metre intercept at depth grading 0.477% Cu, 35 ppm Mo, 0.769 g/t Au and 1.4 g/t Ag. This indicates that gold grades, the highest recorded over width to date, increase along the down-dip northeastern extension of the Main Zone. Both intercepts are overlain by long intercepts of lower-grade material (see Table 2 for detailed results). Narrow, higher grade gold intercepts to 2.424 g/t Au with 27.5 g/t Ag across 2.2m in Hole LL-07-18B, and 1.799 g/t Au across 6.0m in Hole LL-07-07, collared somewhat to the southeast, are more abundant in the northeastern portion of the Main Zone.

Table 2 lists significant intercepts to date.

Table 2: Significant Intercepts as of May 9th, 2007

Hole	Interval (m)		Length (m)	Copper (%)	Molybdenum (ppm)	Gold (g/t)*	Silver (g/t)*	Copper Equiv (%)
LL-07-07	94.4 – 302.4m		208.0	0.134	55	0.200	0.6	0.285
	Includes:	222.3 – 302.4m	80.1	0.193	79	0.317	1	0.428
	In turn, includes:	250.3 – 272.4m	22.1	0.323	89	0.366	1.7	0.597
	In turn, includes:	288.4 – 294.4m	6.0	0.172	55	1.799	3.5	1.223
LL-07-11	20.9 – 289.0m		268.1	0.212	52	0.214	0.7	0.370
	Includes	48.9 – 126.3m	77.4	0.262	74	0.259	0.6	0.458
	And:	228.5 – 285.0m	56.5	0.347	70	0.270	1.0	0.550
LL-07-13	267.4 – 268.1m		0.7	0.191	1	0.163	119	1.315
LL-07-16	173.4 – 270.6m		97.2	0.069	34	0.053	0	0.121
LL-07-17	85.8 – 331.7m		245.9	0.156	41	0.201	0.6	0.299
	Includes	225.6 – 331.7m	106.1	0.230	59	0.305	0.9	0.445
	In turn, includes:	287.6 – 331.7m	44.1	0.329	55	0.440	1.3	0.618
LL-07-18	No significant intercepts: Aborted at 36.6m
LL-07-18B	87.3 – 89.5m		2.2	0.403	3	2.414	27.5	1.965
	105.5 – 274.7m		169.2	0.117	35	0.146	0.4	0.223
	274.7 – 314.9m		40.2	0.408	47	0.625	1.3	0.792
	Includes:	288.8 – 314.9m	26.1	0.477	35	0.769	1.4	0.933
LL-07-19	9.1m (casing) – 181.4m		172.3	0.226	28	0.210	1.0	0.368
	Includes:	95.3 – 143.3m:	48.0	0.289	17	0.253	0.8	0.445

* 1 g/t = 1 ppm ** Commodity values utilized for Cu Eq are identical to those used in the SRK resource calculation. 100 ppm Mo =0.01%

DDH LL-07-07 was collared along the northeastern limit of the Main Zone, and also targeted its northward down-dip extension. This returned a 208.0m intercept from 94.4m to the Terminator fault at 302.4m, grading 0.134% Cu, 55 ppm Mo, 0.200 g/t Au and 0.6 g/t Ag. This consists of lower grade mineralization overlying a 22.1-metre intercept from 250.3 to 272.4m grading 0.323% Cu, 89 ppm Mo, 0.366 g/t Au and 1.6 g/t Ag. A higher-grade gold intercept occurs below this, from 288.4 to 294.4m, grading 0.172% Cu, 55 ppm Mo, 1.799 g/t Au and 3.5 g/t Ag.

Hole LL-07-11, the only "interior hole" included in this news release, was collared in the central portion of the Main Zone. This returned a 268.1-metre intercept from 20.9m to the Terminator fault at 289.0m, grading 0.212% Cu, 52 ppm Mo, 0.214 g/t Au and 0.7 g/t Ag, one of the longest intercepts in the property's history. Two higher-grade sub-intercepts were returned, including a 56.5-metre intercept from 228.5 - 285.0m grading 0.347% Cu, 70 ppm Mo, 0.270 g/t Au and 1.0 g/t Ag.

Hole LL-07-13 was collared about 950 metres due east of Hole LL-07-07, in an effort to locate the Main Zone beneath the Terminator. No Main Zone-style mineralization was encountered, although a lead-zinc-silver vein was intersected at depth, returning a value of 0.191% Cu and 119 g/t silver across 0.7 metres from 267.4 to 268.1m. This intercept also returned 15.95% lead and 5.83% zinc; strongly anomalous lead and zinc values were returned from much of the hole. Vein-style lead-zinc-silver mineralization commonly occurs outbound of porphyry-style deposits. The underlying portion of the Main Zone is currently interpreted as occurring to the northwest of the known deposit (see News Release dated May 3rd).

Hole LL-07-16 was collared at the western limit of the interpreted surface trace of the Main Zone. Low-grade mineralization was encountered, returning a value of 0.069% Cu, 34 ppm Mo and 0.053 g/t Au across 97.2 metres. Higher grade values were returned from 2005 and 2006 drilling targeting the down-dip extension of this intercept, suggesting the Main Zone "plunges" to the west.

Hole LL-07-17 intersected continuous lower grade mineralization from 85.8 to 225.6m, followed by a 106.1-metre intercept to 331.7m grading 0.230% Cu, 59 ppm Mo, 0.305 g/t Au and 0.9 g/t Ag, including a 44.5-metre intercept grading 0.329% Cu, 55 ppm Mo, 0.440 g/t Au and 1.3 g/t Ag. Results from Hole LL-07-18B followed a similar pattern, with a 169.2-metre intercept of lower grade mineralization overlying a 40.2-metre intercept from 274.7 to 314.9 metres grading 0.408% Cu, 47 ppm Mo, 0.625 g/t Au and 1.3 g/t Ag. The gold: copper ratios are higher here than for the rest of the Main Zone, suggesting gold enrichment to the northeast. The "original" Hole LL-07-18 was abandoned at 36.6 metres due to poor ground conditions.

Hole LL-07-19, collared about 425 metres south of Hole LL-07-17 targeted the southern, footwall margin of the Main Zone. This returned a 172.3-metre intercept from depth of casing at 9.1m to 181.4m grading 0.226% Cu, 28 ppm Mo, 0.210 g/t Au and 1.0 g/t Ag, including a 48.0-metre sub-intercept from 95.3 - 143.3m grading 0.289% Cu, 17 ppm Mo, 0.253 g/t Au and 0.8 g/t Ag. Low-grade mineralization occurs in the footwall beneath this. These results indicate a slight increase in the known southern extent of the Main Zone.

Results of this program have delineated the eastern and western limits of the Main Zone overlying the Terminator, but have also indicated the Main Zone extends to the north at depth, with increasing copper and gold grades, particularly in northeastern areas. Future drilling programs will focus on further extension of the Main Zone and of overlying "hanging wall" zones to the north, on firming up of the portion of the Main Zone underlying the Terminator, and on upgrading 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.