Largest Ruby in Northwestern Hemisphere Found

Vancouver, September 26, 2006; True North Gems Inc. (TGX: TSX-V), a Canadian exploration company, is pleased to announce the completion of the carving of what the company believes to be the largest recorded ruby in the Northwestern Hemisphere. Found in 2005 on the company's property in the Fiskenaesset district of Greenland, the 440 carat rough ruby (see press release dated September 6, 2005) has been meticulously worked to produce a 302 carat jewel of intricate oceanic legends.

True North Gems commissioned world renowned Canadian master gemstone carver Thomas McPhee to work with the natural structure of the gemstone and produce the first ever carved Greenland ruby. In consultation with gemologists and Mr. McPhee, True North Gems has valued the carving at a half million dollars ($CAN). Due to the hardness of ruby, which is second only to diamond, and the elaborate detail of the carving, it took Mr. McPhee over 10 months to create this truly unique piece.

Media B-roll of this ruby available online via: www.thenewsmarket.com/truenorthgems and can be downloaded via satellite on Tues. Sept. 26th from 13:30pm to 14:30pm EST on the following

Transmission Specs:

Satellite : Anik F2C Band
Transponder: 6B
Orbital Position: 111 Degrees West Longitude
Carrier: Telesat
Bandwidth: 36 MHz
Order#: TBD
Uplink Freq: 6165 MHz (H)
Downlink Freq: 3940 MHz (V)
Audio: 6.2 Left & 6.8 Right
Channel#: 12

For Beta SP media B-roll and photos, contact Blue Sun Productions Inc. 604-664-7401 x 4

While the rough ruby was originally announced at 200 carats, as noted in the 2005 press release, subsequent work in painstakingly removing the surrounding rock during the carving process proved it

to be 440 carats.

Additional information on Greenland Rubies, technical reports on ruby exploration and other public documents are available at www.sedar.com or, at the company's website, www.truenorthgems.com.

True North Gems is a public company listed in Canada on the TSX Venture Exchange and is engaged primarily in the exploration and development of coloured gemstone deposits in North America and Greenland.

For further information, contact:

Greg Davison, Vice President Exploration - or - Ken Shortt, Investor Relations

Telephone: 604-687-8055 or 1-800-399-8055
Email: mailto:ken@truenorthgems.com
www.truenorthgems.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release. The Company relies on litigation protection for "forward-looking" statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employees high standards for the collection of geological information and exploration data, employees industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QAQC protocols to monitor the integrity of the technical information.