GKX Gemini Corp. (delisted)

Gemini Corporation (TSX VENTURE:GKX) today announced its financial results for
the fiscal year ended December 31, 2013 and the grant of options and units to
officers and directors.


Revenue for 2013 increased 29% to $112 million from $87 million in 2012. Fourth
quarter revenue increased 65% to $33 million compared to $20 million in the same
period last year. The activity level realized in the last half of 2013
significantly outpaced the first half of the year, generating the revenue growth
previously forecast. The backlog of work in both the Field Solutions and
Engineered Solutions segments softened somewhat entering 2014, but industry
projections and client forecasted capital expenditures indicate a strengthening
of activity as the year unfolds. Market opportunities are anticipated to improve
sufficiently for the Corporation to remain on a growth path for 2014 and beyond.


Gross profit for 2013 totalled $21 million, which was a 45% increase over the
$14 million earned in the prior year. In addition, gross profit as a percent of
revenue increased to 18.4% from 16.3% as a result of higher staff utilization
and better project execution efficiencies driven by the increased volumes.
Opportunities to enhance margins through continuous improvement initiatives are
continuing to be identified and implemented.


Net earnings for 2013 improved substantially to $3.4 million (6.1 cents per
share) compared to the net earnings of $0.8 million (2.1 cents per share) earned
in 2012. Fourth quarter earnings were $0.7 million (1.3 cents per share)
compared to a net loss of $0.2 million (0.5 cents per share) in 2012.


"Gemini achieved record revenue and profitability in 2013," stated Gemini's
President and CEO, Doug Lautermilch. "We have successfully embarked on a growth
path that is expected to continue for a number of years based upon current
client forecasts and industry projections. We are investing in expanded capacity
and increasing our capability to meet client service demand. In addition, we are
working diligently on enhancing our execution to optimize profitability as we
continue to grow."


CONSOLIDATED FINANCIAL HIGHLIGHTS



                                     Three Months Ended      Year Ended    
                                         (Unaudited)          (Audited)    
Operating Highlights ($'000)           Dec 31,   Dec 31,   Dec 31,   Dec 31,
                                         2013      2012      2013      2012
Revenue                              $ 33,326  $ 19,896  $112,141  $ 87,187
Gross profit                            5,830     2,958    20,597    14,222
Income (loss) before interest &                                            
 taxes                                  1,540      (154)    4,968     1,411
Net Income (loss)                    $    724  $   (224) $  3,350  $    785
                                                                           
Earnings per share (basic)           $  0.013  $ (0.005) $  0.061  $  0.021
Earnings per share (diluted)         $  0.011  $ (0.005) $  0.052  $  0.021


                                                         December  December
Balance Sheet Highlights ($'000)                               31,       31,
                                                             2013      2012
Working capital                                          $ 14,489  $ 12,089
Total assets                                               41,823    26,087
Shareholders' equity                                       21,602    17,689



In addition to the financial results, the Corporation wishes to announce that an
aggregate of 338,000 options were granted at an exercise price of $0.84 per
share, which was the closing market price on March 4, 2014. Under the terms of
Gemini's option plan, the options are valid for four years from the date of
grant and vest one-third immediately and the remainder at one-third on each of
the next two grant date anniversaries. These grants bring the total number of
options outstanding to 2,874,000 or 5.2% of the 55,501,940 issued and
outstanding common shares of the Corporation. A total of 574,000 performance
share units were granted with a vesting date of January 1, 2017. The unit plan
is structured to settle the performance share units by the issuance of shares on
the vesting date. The units granted thereunder are subject to the approval of
the TSX Venture Exchange and Gemini's shareholders at the company's next Annual
General Meeting.


About Gemini Corporation

Gemini Corporation is a professional services firm that provides engineering,
regulatory, fabrication, installation and maintenance solutions for clients
through stand-alone or integrated service delivery models. For more than 30
years, Gemini has been harnessing the energy of its staff and clients to power
innovation in conventional and unconventional oil and gas, in-situ heavy oil and
industrial facilities across western Canada. Our integrated design-build project
delivery model differentiates Gemini and provides tremendous value-added
benefits for clients, such as constructability advice at the design phase,
schedule compression and one point of accountability.


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 2013 annual financial report will be filed with
SEDAR at http://www.sedar.com on or before March 5, 2014.


Disclaimer

This news release may contain 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gemini Corporation
Doug Lautermilch
President & CEO
(403) 259-0311
dlautermilch@geminicorp.ca


Gemini Corporation
Robert Brookwell
Executive VP & CFO
(403) 258-5401
rbrookwell@geminicorp.ca
www.geminicorp.ca

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