VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 14, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce the partial closing of the second tranche of its previously announced financing, for an amount of $2,441.964.39 through the sale of 27,132,938 Class A shares (“Shares”). The remainder of the second tranche is expected to close by the end of June 2013. As part of the closing, the Company also paid a commission of $122,098.22 and issued 813,989 broker warrants to Casimir Capital LP (“Casimir”), with each broker warrant exercisable for 36 months for an additional Share at a price of $0.09 per share. The securities issued under the closing will be subject to a hold period and may not be traded until October 14, 2013, except as permitted by Canadian securities legislation and the TSX Venture Exchange.

The full completion of the second tranche closing will result in Lenomi Holdings Limited (“Lenomi”, a private investment company controlled by Joseph Gutnick) subscribing for an aggregate of 47,701,948 Shares for $0.09 per Share for gross aggregate proceeds of $4,293,175 under the second tranche. Following closing of the second tranche, Lenomi will hold approximately 19.9% of True North’s issued and outstanding Shares.

Yesterday, at the Company’s AGM the Company’s shareholders approved the previously announced third tranche of the financing, which is expected to take place on or before August 1, 2013. Following completion of the remainder of the second tranche and of the third tranche, Lenomi will hold approximately 45% of True North’s issued and outstanding Shares.

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.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 13, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce shareholders approved all resolutions brought before them at the Company’s Annual General Meeting (“AGM”) held in Vancouver, British Columbia on June 13, 2013.

The Company looks forward to moving the Aappaluttoq Ruby Deposit from exploration into the exploitation phase and building Greenland’s first gemstone 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.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 10, 2013) – True North Gems Inc. (the “Company”) (TSX VENTURE:TGX) are pleased to announce that the Greenland Government have determined that the Company’s application for exploitation permit regarding the Aappaluttoq Ruby Deposit in SW Greenland can proceed into the Public Hearing stage.

This acceptance is a major milestone in the development of the Aappaluttoq Ruby Project; the Company is now in discussions with the Greenland Government regarding the schedule for the upcoming meetings. An announcement regarding this will follow in due course.

“We are delighted to announce this most important development” stated Nicholas Houghton, President and CEO of True North. “The public hearings will be our opportunity to showcase and explain how the production of ruby and pink sapphire will be beneficial to the people of Greenland.”

The permit application has been reviewed and refined several times since its initial submission in June, 2011 (see Press Release dated 13 June, 2011). Prior to the submission the Company had conducted public consultation with the local communities to incorporate feedback into the Social and Environmental Impact Assessments. The Company also worked very closely with both the Bureau of Minerals and Petroleum and the Greenland Government to reach this successful outcome. The Company looks forward to moving the Aappaluttoq Ruby Deposit from exploration into the exploitation phase and building Greenland’s first gemstone mine.

The Minister for Industry and Mineral Resources Jens-Erik Kirkegaard stated “We look forward to the meetings with the public and NGO’s in Nuuk and Qeqertarsuatsiaat, and I hope that there will be a large attendance at the meetings.”

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in colored gemstone exploration and, currently in Greenland, has the rights to earn 100% interest in the Aappaluttoq ruby and pink sapphire project, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut. True North’s prime focus remains the commercial advancement of the Aappaluttoq Ruby Project 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.

Nicholas Houghton,
President and CEO
604-687-8055
www.truenorthgems.com
info@truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 27, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to provide an update respecting its previously announced brokered private placement pursuant to a best efforts agency agreement (the “Agency Agreement”) with Casimir Capital LP (“Casimir”) under which True North has agreed to issue up to 175,000,000 Class A common shares (“Shares”) at a price of $0.09 per Share for gross proceeds of up to $15.75 million.

The first tranche of the private placement, under which True North received gross proceeds of $499,999.95 through the sale of 5,555,555 Shares, closed on April 5, 2013.With the comprehensive due diligence drawing to a successful conclusion, True North intends to close the second tranche of the financing, under which Lenomi Holdings Limited (“Lenomi”, a private investment company controlled by Joseph Gutnick), will subscribe for 47,701,948 Shares for $0.09 per Share for gross aggregate proceeds of $4,293,175, on or about the end of May 2013. Following closing of the second tranche, Lenomi will hold approximately 19.9% of True North’s issued and outstanding Shares.

The third tranche of the financing, under which True North is proposing to issue approximately 121,742,496 Shares to Lenomi for $0.09 per Share for gross proceeds of $10,956,825, will result in Lenomi holding approximately 45% of True North’s issued and outstanding Shares. Completion of the third tranche is subject to satisfaction of a number of conditions including, but not limited to, regulatory approval and the approval of True North’s shareholders. True North’s shareholders will be asked to approve the third tranche at True North’s annual general meeting of shareholders which will be held on June 13, 2013. Provided shareholder approval is obtained, closing of the third tranche is expected to take place on or before July 15, 2013, and in any event no later than August 1, 2013.

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.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 8, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce that it has completed the first tranche of its previously announced brokered private placement under a best efforts agency agreement (the “Agency Agreement”) with Casimir Capital LP (“Casimir”). True North received gross proceeds of $499,999.95 through the sale of 5,555,555 Class A common shares (“Shares”) at a price of $0.09 per Share. As part of the closing, the Company also paid a commission of $25,000 and issued 166,667 broker warrants to Casimir, with each broker warrant exercisable for 36 months for an additional Share at a price of $0.09 per share. The securities issued under the closing will be subject to a hold period and may not be traded until August 6, 2013, except as permitted by Canadian securities legislation and the TSX Venture Exchange.

The Company intends to use the net proceeds of the Transaction 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.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 25, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce that it will be entering into a best efforts agency agreement (the “Agency Agreement”) with Casimir Capital LP (“Casimir”), for a brokered private placement of up to 175,000,000 Class A common shares (“Shares”) of True North at a price of $0.09 per Share for aggregate gross proceeds of up to $15,750,000 (the “Transaction”).

The subscriber under the private placement will be Lenomi Holdings Limited (“Lenomi”), a private investment company controlled by Joseph Gutnick. The Transaction will occur in three tranches, as described below. The Third Tranche will include the requirement for shareholder approval. Upon completion of the entire contemplated Transaction, Lenomi will hold approximately 45% of the issued and outstanding Shares of True North.

The Company intends to use the net proceeds of the Transaction to advance the development of the Company’s Aappaluttoq Ruby Project in Greenland. The financing will cover the majority of Company’s anticipated capital expenditure requirements for the Aappaluttoq Ruby Project, and can also be used as general working capital.

Nick Houghton, President and CEO of True North stated “We are pleased that Lenomi Holdings and Joseph Gutnick share our vision for Greenland ruby and we welcome them as a strategic shareholder. The proposed equity transaction complements the previously announced $23 million joint venture funding and $800,000 debt financing transactions and significantly reduces the financial risks associated with development of the Greenland ruby project. In addition, the private placement price represents an attractive premium to True North’s recent closing share price in the context of current market conditions.”

The Transaction will occur over a four month period and will be completed in three individual tranches:

First Tranche:

Under the terms of a Subscription Agreement between Lenomi and True North, True North has agreed to issue 5,555,555 Shares at $0.09 per Share for gross aggregate proceeds of approximately $500,000 (the “First Tranche”). Close of the First Tranche is expected to take place on or before April 3, 2013 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.

Second Tranche:

For the Second Tranche the Company is proposing to issue approximately 47,701,948 Shares to Lenomi as a private placement at a price of $0.09 per Share, for gross aggregate proceeds of $4,793,175. Once the Second Tranche is completed, Lenomi will hold approximately 19.9% of True North’s issued and outstanding Shares. Completion of the Second Tranche is subject to satisfaction of a number of conditions including, but not limited to, regulatory approval. It is anticipated the Second Tranche will close on or before May 5, 2013.

Third Tranche:

In the third tranche (the “Third Tranche”), True North is proposing to issue approximately 121,742,496 Shares to Lenomi on a private placement basis at a price of $0.09 per Share for gross proceeds of $10,956,825. This will enable Lenomi to hold approximately 45% of True North’s issued and outstanding Shares. Completion of the Third Tranche is subject to satisfaction of a number of conditions including, but not limited to, regulatory approval and the approval of True North’s shareholders. It is anticipated that True North’s shareholders will be asked to approve the Third Tranche at True North’s annual general meeting of shareholders, to be held before the end of June 2013. Provided shareholder approval is obtained, closing of the Third Tranche is expected to take place on or before July 15, 2013, and in any event no later than August 1, 2013.

The Agency Agreement includes customary provisions for a best efforts agency agreement. The Agency Agreement shall terminate on the earliest of: if applicable, the date on which True North’s shareholders do not approve the Third Tranche; the closing of the Third Tranche; and August 1, 2013, unless previously terminated by Casimir. In addition, the Agency Agreement includes non-solicitation, right to match and fiduciary-out provisions during the term of the Agreement. The closing of the Second Tranche and Third Tranche will be subject to Casimir being satisfied with its due diligence, as well as customary provisions in a best efforts agency agreement.

Casimir will receive a cash commission on the sale of the Shares, representing 5% of the aggregate gross proceeds raised, and that number of broker warrants (“Broker Warrants”) equal to 3% of the Shares sold in each tranche of the Transaction. Each Broker Warrant shall be exercisable for one Share of the Company at a price of $0.09 at any time up to 36 months after the date of issuance.

Securities issued under the Transaction will be subject to a four month hold period which will expire four months and one day from the date of issuance.

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.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 27, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) announces it has entered into a financial agreement with Greenland Venture A/S (“Greenland Venture”), the largest private equity fund in Greenland. Greenland Venture will invest a total of 4.5 million DKK (equivalent to approximately $800,000 CDN) with True North’s wholly owned Greenlandic subsidiary True North Gems Greenland A/S (“TNGG”). These funds will be utilized for general working capital and will also facilitate the public hearings and other Greenlandic matters during the final stages of permitting for the Aappaluttoq Ruby Project.

The funding comprises a 500,000 DKK equity component with TNGG and a 4 million DKK commercial loan bearing 10% annual interest. The equity will be issued to Greenland Venture as class B voting shares of TNGG. Greenland Venture will also have the right to appoint a representative on the Board of Directors of TNGG. The loan has a term of 60 months, with repayment guaranteed by True North.

“Greenland Venture realise the potential offered by the burgeoning Greenlandic mining industry while seeking to endorse their belief in Greenlandic operations and development,” stated True North Gems President and CEO Nick Houghton.

Greenland Venture A/S specializes in providing venture finance to companies operating in Greenland. Greenland Venture is a subsidiary of Greenland Holding, A/S, a private equity company. The fund’s investment strategy is primarily aimed at small and medium-sized enterprises in Greenland, or companies that otherwise have a general interest in the development of Greenlandic society. The enterprise must have commercially viable activities that directly or indirectly create added value for Greenland through import/export, production or services.

“Our mandate is to invest in the development of Greenland; we see this as the perfect opportunity to show our confidence in the country, the potential of its mining industry and in the Aappaluttoq Ruby Project,” commented Karsten Hoy, CEO of Greenland Venture.

This transaction is subject to TSX Venture Exchange approval.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Meghan Brown
Corporate Communications
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 28, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) announces it has entered into an agreement to sell its 100% interest in 43 mineral claims located in the Finlayson District of the Yukon Territories to Pacific Ridge Exploration Ltd. The claims are located in proximity to Pacific Ridge’s Fyre Lake Kona copper-gold-cobalt massive sulphide deposit.

Under the terms of the agreement Pacific Ridge has the option to earn a 100% interest in the claims with an initial payment to True North of $15,000 plus 250,000 Pacific Ridge shares on closing of the transaction, and an additional $10,000 and 150,000 shares on or before January 31, 2014. The agreement is not subject to any underlying royalty interests.

True North President and CEO Nick Houghton said: “This transaction is consistent with our strategy to divest of non-core assets and focus on development of the Aappaluttoq ruby project in Greenland.”

The transaction is subject to TSX Venture Exchange approval.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Meghan Brown
Corporate Communications
604-687-8055 or 1-800-399-8055
604-899-1240 (FAX)
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 21, 2013) – True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) announces it has entered into an agreement to sell its 100% interest in the Bandito project in the Yukon Territory to Endurance Gold Corporation (TSX VENTURE:EDG) (“Endurance”) for a combination of shares and cash.

True North President and CEO Nick Houghton said: “The Bandito project was a non-core asset for the Company; as such this sale ensures all focus remains on moving the Aappaluttoq ruby project in Greenland into commercial production.”

Under the agreement, Endurance will pay True North five million Endurance common shares and $50,000 cash following TSX Venture Exchange acceptance of this agreement. One million of the common shares will be subject to the standard hold period, while the remaining four million shares will be issuable in two tranches of two million shares each. The hold periods of these two tranches expire on July 1, 2013 and December 31, 2013, respectively.

True North has reserved a 1% net smelter royalty (“NSR”), with Endurance having the right to purchase one-half of the NSR at any time upon payment of $1 million. A further cash payment of $500,000 will be payable to True North in two tranches with the initial $150,000 payable upon completion and filing of a bankable feasibility study on the Bandito project, with the balance to be paid after project financing has been obtained to place the Bandito project into commercial production.

The Bandito property is located in the Yukon Territory, east of Watson Lake, and was discovered by True North in 2003. True North geologists discovered nickel and copper prospects over a quartz-sericite-pyrite alteration zone, and several years of exploration were conducted in the 2003-2008 period. Since 2010 the project has been under option to Endurance. This agreement replaces any existing contract between EDG and TGX. The transaction is subject to TSX Venture Exchange approval.

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.

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.

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Meghan Brown
Corporate Communications
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 21, 2012) – True North Gems Inc. (TSX VENTURE:TGX) announces that it has granted 3,950,000 stock options to its directors, officers and consultants. The options have an exercise price of $0.10 per share and will expire on December 21, 2017.

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.

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

True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055

True North Gems Inc.
Meghan Brown
Corporate Communications
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com