NAG North American Gem Inc.

North American Gem Inc. (NAG) (TSX VENTURE:NAG) announces that pursuant to its
stock option plan, the Company has granted incentive stock options to its
directors, officers, consultants, and employees to purchase in the total of
1,250,000 common shares in the capital stock of the company, subject to
regulatory approval, exercisable for a period of five years, at a price of $0.12
per share. 


North American Gem Inc. (TSX VENTURE:NAG) is a junior resource company in
Western Canada. The company's major focus is expanding its coal mining
operations at its flagship properties in Kentucky. In addition, the company has
interests in coal, copper, molybdenum, and other base metals in Canada.


On Behalf of the Board of Directors 

NORTH AMERICAN GEM INC.

Charles Desjardins, President and Director

"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."


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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