GKX Gemini Corp. (delisted)

Gemini Corporation (TSX VENTURE:GKX) announces its first quarter financial
results for the period ended March 31, 2010.


Revenue in the first quarter totalled $18,044,000, which was a 22% increase from
the $14,795,000 achieved in the first quarter of 2009. This improvement was
attributable to much stronger construction and fabrication activity within the
Field Solutions segment and it offset the reduced demand for facility
maintenance services in the quarter. Clients are continuing to carefully
prioritize their sustaining project spending, which results in delays that tend
to shift Gemini's work from quarter to quarter. The impact of this movement
makes manpower planning a challenge, but to date has been manageable. In
addition, the Engineered Solutions segment revenue declined 27% compared to the
first quarter last year due to lingering recessionary pressures on client
spending. Consolidated revenues are expected to moderate in the second quarter
before strengthening in the latter half of the year through the anticipated
award of targeted client projects.


First quarter gross profits for 2010 were $4,093,000 or 23% of revenue compared
to $3,601,000 or 24% of revenue in the same period last year. Margins returned
to more acceptable levels from those achieved in the fourth quarter of 2009 by
closely managing staff utilization rates in Engineered Solutions and continuing
to enhance operating efficiencies within Field Solutions. These positive actions
lead to improved first quarter net earnings of $318,000 (0.9 cents per share) in
2010 compared to $97,000 (0.2 cents per share) in 2009. They were also the
primary driver behind the significant increase of more than $800,000 in earnings
from the fourth quarter of 2009 to the first quarter of 2010.


"The first quarter results are an encouraging step toward meeting the challenge
of Gemini achieving sustained profitability", commented Doug Lautermilch,
Gemini's President and CEO. "Our reorganization under one Gemini brand at the
start of this year is opening opportunities with existing and potential clients
and is helping to renew our commitment to client-focussed service. Leveraging
our knowledge and project experience to provide cost-effective solutions to
client problems is what our strategy is intended to deliver. This approach is
positioning us to seek longer term project opportunities with the intent of
stabilizing revenues and optimizing profitability."


About Gemini Corporation

Gemini Corporation offers a wide range of interrelated services including
project management, engineering, fabrication, construction, and maintenance of
oil & gas and industrial facilities within Canada and internationally. The
Corporation is a leading provider of field solutions and engineered solutions
through either standalone or integrated service approaches to a broadening
client base in the energy, industrial and environmental sectors. The
Corporation's principal target markets are on-shore oil and gas, in-situ heavy
oil, heavy industrial, power and co-generation, and renewable energy.


Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For
more information about the Corporation and its services, go to
www.geminicorp.ca.


Gemini's 2010 first-quarter report will be filed with SEDAR at
http://www.sedar.com by May 25, 2010.


CONSOLIDATED FINANCIAL HIGHLIGHTS



         Operating Highlights ($'000)             Three Months Ended       
                                             March 31,2010    March 31,2009
Revenue                                    $        18,044 $         14,795
Gross profit                                         4,093            3,601
Earnings before interest & taxes                       517              199
Net earnings                               $           318 $             97
Earnings per share (basic)                 $         0.009 $          0.002
Earnings per share (diluted)               $         0.009 $          0.002
                                                                           
Operating cash flow (1) (excludes working                                  
 capital changes)                          $           567 $            402
Operating cash flow per share (1)          $         0.016 $          0.012
                                                                           
                                                                December 31,
       Balance Sheet Highlights ($'000)      March 31,2010             2009
Working capital                            $        12,227 $         11,793
Total assets                                        27,724           32,873
Shareholders' equity                                15,523           15,162



(1) Operating cash flow and operating cash flow per share are non-GAAP financial
measures which do not have a standard meaning and therefore may not be
comparable to similar measures presented by other companies. The Corporation
provides these measures in its quarterly news releases to indicate the amount of
cash generated for operating purposes during the period.


Disclaimer

This news release contains forward looking information that represents Gemini's
internal projections, expectations, estimates or beliefs concerning, among other
things, future operating results and various components thereof or Gemini's
future economic performance. All statements other than the statements of
historical fact may be forward-looking statements. In some cases,
forward-looking statements can be identified by terminology such as "may",
"will", "should", "expects", "projects", "plans", "anticipates", and similar
expressions. The projections, estimates and beliefs contained in such
forward-looking statements are based on management's assumptions relating to
Gemini's performance and competition within the sectors in which it competes,
the continuation of the current regulatory and tax regimes in the jurisdictions
in which Gemini operates, and necessarily involve known and unknown risks and
uncertainties, including risks and assumptions relating to client service
demand, field service costs, labour rates, and other factors that may cause
actual performance and financial results in future periods to differ materially
from any projections of future performance or results expressed or implied by
such forward-looking statements. Accordingly, readers are cautioned that events
or circumstances could cause results to differ materially from those predicted
or suggested. The Corporation does not undertake to update any forward-looking
information in this document whether as to new information, future events or
otherwise.

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