North American Gem Inc. Announces Private Placement

North American Gem Inc. (NAG) (TSX VENTURE:NAG) announces that it has arranged a
non-brokered private placement of up to 4,000,000 units at a price of $0.15 per
unit for total proceeds of up to $600,000, subject to the approval of the TSX
Venture Exchange.


The financing will be completed on a post consolidation basis. At the Annual
General and Special Meeting held June 22nd, 2012, shareholders approved a
special resolution that the issued and outstanding common shares of the Company
be consolidated on the basis of one new common share for up to forty old common
shares. The Company has filed the application to the TSX Venture Exchange to
effect the consolidation and amend the Company name.


Up to 4,000,000 units will be issued as non flow-through units consisting of one
common share and one whole warrant. Each whole warrant will entitle the holder
to purchase one additional common share of the Company at a price of $0.22 per
share two years from the date of closing.


The proceeds of the private placement will be used for general working capital.
Finder's fees, as allowed pursuant to the policies of the TSX Venture Exchange,
may be payable in connection with the offering.


North American Gem Inc. (TSX VENTURE:NAG) is a Junior Exploration Company based
in Western Canada. The Company has interests in Copper, Gold, Silver, 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.

North American Gem Inc. (TSXV:NAG)
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