Vancouver – October 30th, 2014 – True North Gems Inc. (TGX: TSX-V) (“True North” or the “Company”) is pleased to announce the closing of the $11,000,000 finance package with Leonard Nilsen & Sonner A/S (“LNS Group”) and LNS Greenland A/S (“LNSG”) that was previously announced on September 11, 2014.

“With the completion of this financing package True North and LNSG can now concentrate on building Greenland’s first ruby mine together.” stated Nicholas Houghton, President and CEO. “I am very impressed by the organized and coordinated way mobilization has thus far been conducted and successfully concluded by our LNSG partners. Our local staff in Greenland are working closely with the LNSG teams and we all look forward to overcoming the challenges of the mine construction phase, and commencing production next year.”

The LNS Group and LNSG have now provided financing to True North and True North Gems Greenland A/S (“TNGG”), True North’s local operating subsidiary as follows:

• LNS Group invested CDN$3,000,000 in True North through the purchase of 28,571,428 Class A common shares of the Company (“Shares”) at a price of CDN$0.105 per share;
• LNS Group purchased 7.0% of TNGG for US$3,000,000, increasing their ultimate joint venture interest to 27%; and
• LNSG will provide an additional US$5,000,000 towards the estimated construction cost through a capital loan over the term of the initial mine life.

The Shares issued under the financing into True North are subject to a four month hold period and may not be traded until March 1, 2015, except as permitted by Canadian securities legislation and the TSX Venture Exchange.

The Company intends to use the net proceeds of the financing towards the in-house costs for EPCM, identifying key long-lead-time items for the processing plant, and reaching full operational status.

Progress reports will be issued periodically as construction milestones are achieved.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 23, 2014) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce it has issued the commencement notice to its joint venture partners LNS Greenland A/S (“LNSG”) to authorize mobilization of equipment and inaugurate construction at the Aappaluttoq Ruby and Pink Sapphire project located in SW Greenland.

“This exciting announcement marks the continuation of a very successful transition year for True North,” stated Nicholas Houghton, President and CEO. “It is anticipated that the construction will progress very quickly and will be a testament to the experience of our partners LNSG and all their investment in planning in anticipation of the commencement notice. It is another step in delivering upon our promise of bringing economic benefit to all stakeholders.”

Key construction objectives include:

• Transportation and installation of the pre-fabricated loading dock enabling mobilization of equipment to site.
• Movement of rolling stock required to commence road construction.
• Set up and establishment of the living quarters and accommodation for construction crew which facilities will remain for future operations.
• The completion of all infrastructure, which will enable planned production to commence in 2015.

The issuance of the commencement notice as required under the terms of the joint venture agreements with LNSG is now possible following project financing (see press release dated September 11, 2014). Progress reports will be issued periodically as construction milestones are achieved.

“The news of True North’s successful financing and the anticipated commencement of construction was well received in Greenland by all. Jens-Erik Kirkegaard, the government minister responsible for industry and mineral resources, hailed the financial news as ‘a strong signal to the world and investors that mining in Greenland is certainly possible,'” stated Bent Olsvig Jensen, Managing Director of True North Gems Greenland A/S (“TNGG”). “We are pleased to say we have received a large number of applications from people who are looking forward to the upcoming employment opportunities.”

The Company eagerly awaits the commencement of production in 2015 of mine-to-market sourced Greenland rubies and pink sapphires.

About True North Gems Inc.

True North Gems Inc. is a public junior exploration company dedicated to the exploration and development of coloured gemstone deposits. True North is committed to the realization of shareholder value through development of the first ethically sourced commercial ruby mining operation, in partnership with the people of Greenland. The Company’s shares trade on the TSX Venture Exchange under the symbol TGX.

About LNSG

LNSG is predominantly owned by international arctic contractor Leonhard Nilsen & Sonner A/S of Norway. The Leonhard Nilsen Group of 15 companies is a major mining and construction company with over 70 years of experience in logistics and mining in arctic environments. They have worked on a variety of projects over the last 50 years and have focused on operations in Svalbard, Spitsbergen, Iceland, Greenland, Russia, Antarctica and throughout Scandinavia. LNSG is a major supplier of services to the oil, gas and mineral industry in Greenland.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.

By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055

True North Gems Inc.
Joanna Hall
Corporate Coordinator
info@truenorthgems.com
www.truenorthgems.com

Vancouver – September 11, 2014 – True North Gems Inc. (TGX: TSX-V) (“True North” or the “Company”) is pleased to announce that it has signed an agreement with Leonhard Nilsen & Sonner A/S (“LNS Group”) and LNS Greenland A/S (“LNSG”) under which the combined LNS entities will provide over CDN$11,000,000 in financing to the Company and the Company’s operating subsidiary in Greenland, True North Gems (Greenland) A/S (“TNGG”).

 “This agreement and reinforcing of the joint partnership will provide True North the additional resources to transition quickly into the construction phase of the Aappaluttoq Ruby Project,” said Nicholas Houghton, President and CEO. “The combined financing package will allow the Company to restructure its share of Capital Expenses, reducing our immediate requirements and in particular, minimizing dilution to current shareholders. With this funding arrangement, the Company will be able to deliver on its vision of becoming one of the World’s leading coloured gemstone production and exploration companies.”

Under the Letter Agreement, the LNS Group and LNSG have agreed to provide financing to True North and TNGG as follows:

• LNS Group will invest CDN$3,000,000 in True North through the purchase of 28,571,428 Class A common shares of the Company (“Shares”) at a price of CDN$0.105 per share;
• LNSG will purchase an additional 7.0% of TNGG for US$3,000,000 increasing their ultimate joint venture interest in TNGG to 27%; and
• LNSG will contribute an additional amount of up to US$5,000,000 of the construction costs relating to True North’s Capital Expenses at the Aappaluttoq Project through a capital loan over the term of the initial mine life.

 “Obviously we have followed the project closely, and when the prospect arose to increase our percentage ownership of the Aappaluttoq mine and also invest in the parent Company, it was opportunity we realized made sound business sense for LNS,” stated Frode Nilsen, head of the LNS Group.

On November 20, 2012 the Company summarized the initial $23 million earn-in agreement with LNSG (formally Greenland Mining Services), outlining LNSG’s commitment to complete planning, civil engineering and investing of infrastructure capital to earn a 20% joint venture interest in the Aappaluttoq Ruby project. This new agreement amends and favourably compliments that relationship and, upon completion of the earn-in by LNSG, will result in LNSG holding a 27% ownership interest in TNGG and in a significant shareholding by the LNS Group in True North.

The Company intends to use the net proceeds of the financing transaction toward the Company’s share for the development of the project whilst working with LNSG to initiate construction. The Company will also commence processing the remaining material extracted from the initial bulk sampling and upon completion; the liberated Rubies and Pink Sapphires will provide an arms-length pricing for the project and become an immediate source of revenue.

The transaction is subject to TSX Venture approval.

About True North Gems Inc.

True North Gems Inc. is a public junior exploration company dedicated to the exploration and development of coloured gemstone deposits. True North is committed to the realization of shareholder value through development of the first ethically sourced commercial ruby mining operation, in partnership with the people of Greenland. The Company’s shares trade on the TSX Venture Exchange under the symbol TGX.

About True North Gems (Greenland) A/S

True North Gems (Greenland) A/S is the Company’s operating subsidiary in Greenland. The definitive agreements outlined in this release will result in True North Gems Inc. retaining approximately 73% of Greenlandic Operations. LNSG will own approximately 27% once their earn-in is completed.

About LNS Group and LNSG

LNSG is predominantly owned by international arctic contractor Leonhard Nilsen & Sonner A/S of Norway. The Leonhard Nilsen Group of 15 companies is a major mining and construction company with over 70 years of experience in logistics and mining in arctic environments. They have worked on a variety of projects over the last 50 years and have focused on operations in Svalbard, Spitsbergen, Iceland, Greenland, Russia, Antarctica and throughout Scandinavia. LNSG is a major supplier of services to the oil, gas and mineral industry in Greenland.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 4, 2014) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) announces today that the Municipality of Sermersooq and City Council has completed the required formalities and officially approved the Company’s Impact Benefit Agreement (“IBA”).

As previously announced (see press release dated May 30, 2014) the Government of Greenland has approved the formal Exploitation and Closure Plan, and IBA. This final approval by the Municipality signals the go-ahead for the mine.

“This endorsement from the Municipality and City Council speaks volumes of the time and effort contributed by all. The commitment shown by True North Gems to engage local enterprises and employ local workers will lead to secondary industry growth and other positive benefits for the wider Greenlandic society,” said Nicholas Houghton, President and CEO.

“I am pleased that the IBA manages to ensure jobs go to our own citizens. This will be important not only for those who are employed, but for the entire community, “ stated Asii Chemnitz Narup, Mayor of Sermersooq. “The Ruby Mine near Qeqertarsuatsiaat will be the first of its kind in the Country. It is important that we take the opportunity to show that Greenland can provide manpower at all levels to such a mine.”

The IBA will promote the cooperation between True North and the Greenland Authorities, and guarantees the project is developed in a sustainable and viable manner. It also establishes methods and procedures to safeguard transparency, build competencies in the Greenlandic workforce, and ensure cooperation to maximize the opportunities for the Greenlandic population and the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 30, 2014) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is very pleased to announce that the Government of Greenland has formally approved the Company’s Exploitation and Closure Plan, and Impact Benefit Agreement (“IBA”). This paves the way for the establishment of Greenland’s first ruby and pink sapphire mining operation at Aappaluttoq, SW Greenland.

“We can now look forward to moving ahead with the construction and production phases of the project,” stated Nicholas Houghton, President and CEO. “Today’s approvals are a true testament of the hard work, and co-operation exhibited by both the Government of Greenland and the Company.”

The Exploitation and Closure Plan establishes the framework for the construction of mine facilities, production and site reclamation. It also covers workers’ health and safety, environmental protection, and project infrastructure, while also outlining other requirements.

The IBA ensures that all Greenlandic communities and the economy as a whole will benefit from the Aappaluttoq mine. The document is a commitment by the Company to bring direct employment and training, whilst developing new skill sets and supporting the growth of secondary industries. The IBA has been presented to the Municipality of Sermersooq for approval.

Minister for Industry and Mineral Resources Jens-Erik Kirkegaard stated: “I am very pleased that the project can move forward with the prospect of new job creation, business opportunities and income to the Greenland society.” The Minister added: “True North Gems have been a constructive, cooperative partner in the negotiation and approval process.” 

The mayor of Sermersooq, Asii Chemnitz Narup is pleased with the prospect of new jobs in the municipality: “True North Gems is committed to employing local workers. This will benefit our community and especially the settlement of Qeqertarsuatsiaat.”

The Company continues to work with various parties to complete project financing and engineering, and we expect to provide an update on these activities in due course.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

Hello new shareholders,

As you are well aware, the past days have seen a rollercoaster of trading in the common shares of True North Gems. It is evident from recent insider trading reports that one of the larger shareholders took the positive news of the granting of our permit to liquidate a substantial portion of their holdings, if not all. They have every right to do so, as does anyone else, but it is unfortunate that this selling has created doubt amongst the populous that may have resulted in a secondary wave of selling due to the timing.

You should note, however, that now we move forward.

The fundamentals of the project have never been better, proven by what the Company has achieved during just the last nine months and itemized by the following key points.

30 year Exploitation Permit Granted

The Greenland Government and True North Gems have achieved what many thought may not happen, a historic agreement in place for 30 years. This will benefit not only us as shareholders but also the people of Greenland. We will be the catalyst that ushers a new industry into their country, bringing stability of employment and secondary opportunities in infrastructure and support.

This agreement is a major step in de-risking the project; its granting removes any doubts that the Aappaluttoq deposit is a viable undertaking and that the management team assembled is well qualified to complete the mission.

Successful Completion of the Public Hearings

There were a total of six public hearings held with the communities who stand to benefit from the mine. These communities have every right to voice their opinion and though we may not always be in agreement we know we will work together. These were open and free flowing debates that we all learnt from, and I am proud to say that our Greenland team and the Bureau of Minerals and Petroleum (BMP) explained the Aappaluttoq project succinctly and without bias.

We were congratulated on our format and the fact that we were able to deliver the fundamentals of the project in native Greenlandic language, something that has never been done before, showing respect for all stakeholders.

Joint Venture Agreement

The signing of the Joint Venture Agreement with LNS Greenland A/S (LNSG) brings us a major portion of the capex required, $23 million of commitment in infrastructure, engineering and building. It also brings a strong partner with extensive knowledge of Arctic mining and construction.

Most importantly, this Agreement and the 80% TNG/20% LNSG joint venture brings us an operator who now has pride in the success of the operation, an operator who benefits from the surgical extraction of the gemstones from the ore, and an operator who stands to gain more from precise mining as opposed to volume mining. These are extremely important factors to take into consideration when our commodity is highly valuable rubies and pink sapphires.

Future potential

Through our exploration and delineation, our geologists have far greater understanding of the complexity of the deposit. We can look at the potential of expansion, not only at the Aappaluttoq deposit but also possible secondary targets that will strengthen our supply and bring more value to Company. This expansion can be done in a controlled manner and achieved from future cash flow without the need for dilution to support the costs.

Moving forward

True North Gems continues to work towards achieving its goal: to be a major producer in what we strongly believe to be an emerging sector in the mining industry. With the 30 year exploitation permit, the Joint Venture Agreement with LNSG, and the completion of the public hearings, we are on track to become a producer and to have positive cash flow. We will continue to update the market and our shareholders as we make progress.

The market for gemstones is as buoyant as it has been in the last five years. Increases have been seen in prices, predominantly in the big three: rubies, emeralds and sapphires. With a proven chain of command True North Gems intends to deliver with consistency, gemstones to the lucrative luxury market. This in turn will give designers, manufacturers, polishers, wholesalers and retailers the self-assurance for growth and success.

We took some licks, I know, and it hurt to put it mildly, but it was the paper value of the company that took a hit, not the fundamentals that it was built on; these are intact and stronger than ever.

I want to thank everyone for the support they have shown and for the belief in the directors and management.

I encourage you to visit our website at www.truenorthgems.com to view our updated presentation.

For those of you who know me, you know my phone is always available, and for those of you who don’t, my number is below.

Sincerely yours,

Nick Houghton

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein.  Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life.  The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.  These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.  By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.  These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive.  See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 3, 2014) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is extremely pleased to announce that the Government of Greenland has awarded the Company an exclusive 30-year exploitation (mining) licence (the “Exploitation Licence”) for the Aappaluttoq Ruby Deposit, SW Greenland.

“Today marks the culmination of our exploration, delineation and major permitting activity. Since 2004 we have worked hard to plan a sustainable mining operation that showcases the economic opportunities for our shareholders and the people of Greenland,” said Nicholas Houghton, President and Chief Executive Officer. “This also heralds the beginning of our transformation from an exploration company to a producer. It will enable us to showcase and deliver a new supply of rubies and pink sapphires to the worldwide gemstone industry. I would like to take this opportunity to publically thank all who have worked with us and helped to achieve this major milestone.”

The Aappaluttoq Ruby Deposit will be an open pit development, and over its initial 9-year mine life it will directly create up to 80 new jobs in Greenland; these will range from mining operations at the Aappaluttoq site to gemstone grading in the Nuuk Processing Facility. The project will also act as a stimulus for other investment in both secondary and supporting industries.

History:

Significant geological exploration and engineering has taken place over the last decade. Throughout this process, the Company has endeavored to engage with the local communities and utilize local support companies. The approximate US$23 million investment by LNS-Greenland (“LNS-G”) announced on August 13, 2013 forms a strategic partnership that significantly reduces the Company’s financial requirements in exchange for 20% of the project. Final technical work was subsequently completed, and the Company entered the formal Exploitation Permitting process in mid-2011, successfully completing public hearings in the fall of 2013.

Continued Development:

The granting of the Exploitation Licence is the catalyst for future development; as previously announced, the Company has been engaged in initial Impact Benefit Agreement (IBA) negotiations and continues to finalise the mine environmental monitoring and subsequent closure plan. The advanced process engineering design is also currently being finalised and will be completed in due course.

Under the Exploitation Licence, which will become officially effective on March 10, 2014, True North has agreed to pay a gross revenue royalty (the “Gross Royalty”) to the Government of Greenland of 5.5% on all sales of rubies and pink sapphires exploited from the Aappaluttoq Ruby Deposit. The Gross Royalty will be payable in each calendar year when the total aggregate paid by True North in corporate taxes, withholding taxes and “Surplus Royalty” are less than the calculated Gross Royalty in that calendar year, such that the Government receives a minimum amount.  The Surplus Royalty is calculated at a rate of 15% on earnings before financial items and tax on any profit in any calendar year to the extent the annual profit exceeds the profit margin percentage of 40%. The new fiscal agreement will have no adverse impact on the net present value of the project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein.  Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life.  The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.  These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.  By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.  These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive.  See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 22, 2014) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) today announced that it has appointed Mr. Jens B. Frederiksen as Executive Vice President for its wholly owned Greenland subsidiary, True North Gems Greenland A/S.

 “On behalf of True North, I am delighted to welcome Jens B. Frederiksen to our Greenland team. Mr. Frederiksen brings a great depth of knowledge and experience in Greenlandic and International affairs due to his prominent role in Politics and Law Enforcement,” stated Nicholas Houghton, President and CEO of True North Gems.

Mr. Frederiksen previously served the country as the Vice Premier and Minister for Housing, Infrastructure and Transport during his nine year tenure as a member of Parliament in Greenland. He also brings extensive experience in security, logistics and personnel management through his prior twenty-three year career with the Greenland Police Force.

“We are extremely pleased that we have been able to attract Jens. The experience and competencies he brings will be a significant addition as we prepare for future production.”, expressed Bent Olsvig Jensen, Managing Director of True North Gems Greenland.  “It’s an incredibly exciting time for True North and we all look forward to working closely to further develop the Aappaluttoq Ruby Mine.”

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein.  Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life.  The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements.  These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms.  By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements.  These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive.  See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 9, 2014) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce the closing of the previously announced private placement financing, realizing gross proceeds of $1,500,000 through the sale of 16,666,667 units at a price of $0.09 per unit. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant, with each full warrant exercisable for two years at a price of $0.12. The securities were issued to Halman-Aldubi Provident and Pension Funds Ltd, a prior shareholder of the Company. The securities issued under the financing are subject to a four-month hold period and may not be traded until May 9, 2014, except as permitted by Canadian securities legislation and the TSX Venture Exchange.

“We are pleased to see Halman-Aldubi continue as a strong supporter of the Company, and increase their ownership position. We are encouraged that their investment demonstrates confidence in True North Gems, the Greenland Government, and the Aappaluttoq Ruby Project”, stated Nicholas Houghton, President and CEO of True North Gems.

The Company intends to use the net proceeds of the financing to advance the development of the Company’s Aappaluttoq Ruby Project in Greenland as well as general working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, without limitation, statements with respect to: the amount of mineral reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation; financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and receipt of regulatory approvals on acceptable terms. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

For further information, contact:

Nicholas Houghton
President and CEO

Joanna Hall
Corporate Coordinator

Telephone: 604-687-8055
Visit our website: www.truenorthgems.com
Email: info@truenorthgems.com
www.truenorthgems.com