NAG North American Gem Inc.

North American Gem Inc. (NAG) (TSX VENTURE:NAG) has officially submitted the
Granny Rose Mining Permit Application to the Kentucky Department of Natural
Resources. The Granny Rose lease is located in Knox County, Kentucky and
contains the highly marketable Blue Gem coal throughout the entire lease with an
average seam thickness of 2 feet. Potential mining costs are expected to be
relatively low on this particular lease due to favorable strip ratios and mining
conditions.


The decision of North American Gem to acquire and develop this coal lease was
made with consideration of the situation regarding the "mountaintop removal" and
"valley fill" issues under scrutiny by the US Environmental Protection Agency.
None of the leases currently held or being considered by NAG will be affected by
this issue.


The method of mining to be used is known as contour mining. All of the mining
permits currently being pursued by NAG have been mined prior to the enactment of
the Surface Mine Control and Reclamation act of 1977. This law requires that
after any surface mining, the land must be restored to the approximate original
contour unless otherwise specified in the permit application and approved by the
Kentucky Department of Natural Resources (KDNR). When "pre-law" mining was done,
the general practice was to mine along the contour of a slope to the maximum
profitable ratio and leave the resulting highwall and a wide, flat bench where
the material covering the coal was removed and then graded somewhat flat as
opposed to restoring the original slope. NAG will at the very least return the
mining permit locations to their current state, and in some instances return the
mining permit location to a better environmental state due to the Surface Mine
Control and Reclamation act of 1977.


All of NAG's potential mining operations will incorporate sediment control
methods that will keep ahead of the increased regulations and restrictions.
Furthermore, in anticipation of increased regulations, NAG has, in all of its
permitting applications, begun the sampling of receiving streams and groundwater
wells utilizing the most stringent and extensive sampling parameters. This will
allow NAG to comply with the regulatory requirements and will also result in a
much shorter and smoother permitting application process.


Mr. Dean Schafer is acting as operations manager of all the Company's Kentucky
coal leases and is currently implementing an overall mine plan.


Ms. Deborah Moses, PEng, PLS, REM, of Engineering Consulting Services Inc.
(ECSI) has approved the technical content of this release. Ms. Deborah Moses is
the qualified person for the Company's coal operations in Kentucky.


North American Gem Inc. (TSX VENTURE:NAG) is a Junior Exploration Company based
in Western Canada. The Company's primary goal is to explore for Coal in North
America, currently the focus is in Kentucky, Saskatchewan, and West Virginia. In
addition to Coal exploration, the Company also has interests in Uranium, Copper,
Gold, Molybdenum and other base metals in Canada.


On Behalf of the Board of Directors

NORTH AMERICAN GEM INC.

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. The
production rate and mine-life projections have been made without support of a
feasibility study, there is no certainty the proposed operations will be
economically viable. By their nature, forward looking statements involve risk
and uncertainties because they relate to events and depend on factors that will
or may occur in the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing, currency exchange
rates, and, but not limited to, general economic factors. Cautionary Note to US
investors: The U.S. Securities and Exchange Commission specifically prohibits
the use of certain terms, such as "reserves" unless such figures are based upon
actual production or formation tests and can be shown to be economically and
legally producible under existing economic and operating conditions.

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