Gemini Corporation
TSX VENTURE : GKX

Gemini Corporation

December 02, 2009 12:39 ET

Gemini Announces Executive Addition and Director Resignation

CALGARY, ALBERTA--(Marketwire - Dec. 2, 2009) - Gemini Corporation (TSX VENTURE:GKX) is pleased to announce the appointment of Mr. Michael Ostapiw as Vice President, Integrated Solutions.

Mr. Ostapiw is a professional engineer with more than twenty years of increasing management responsibility. Over the past five years, he has held senior positions within the service sector concentrating on In-situ Heavy Oil development. This enabled him to gain extensive experience in managing integrated teams focused upon client deliverables and schedules on larger projects. In his previous roles, Michael has been responsible for seamlessly combining engineering, construction and fabrication resources to drive joint accountability for project success. His background and experience is ideally suited to provide the direction and guidance necessary for Gemini to continue refining its integrated solutions approach and achieve long-term growth utilizing this service delivery model while still remaining focused on stand-alone fabrication and construction services.

Upon hiring, Mr. Ostapiw was awarded 83,333 common shares from treasury at a deemed price of $0.30 per share. In addition, he was granted 150,000 options to purchase Gemini common shares at an exercise price of $0.25 per share. Under the terms of Gemini's option plan, the options are valid for four years and vest one-third immediately and the remainder at one-third on each of the next two grant date anniversaries.

The Gemini Board of Directors would also like to thank Mr. Larry Shelley for his service as a director of the Corporation. Mr. Shelley chose to resign from the Board to assume the President and CEO role with a prominent Calgary-based organization.

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 engineered solutions and field services through either stand-alone or integrated service approaches to a broadening client base in an array of industry sectors. The Corporation's principal target markets are conventional oil and gas, unconventional gas, heavy oil, industrial, 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.gemini-corp.ca.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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