Gemini Corporation
TSX VENTURE : GKX

Gemini Corporation

January 22, 2007 13:01 ET

Gemini Corporation Declares Preferred Share Dividend

CALGARY, ALBERTA--(CCNMatthews - Jan. 22, 2007) - Gemini Corporation (TSX VENTURE:GKX) today announced it has declared a dividend on its 6.6% Cumulative Redeemable Series I Preferred Shares (the "Preferred Shares").

The Board of Directors of Gemini have determined that it is appropriate to declare and pay the accumulated dividends on the Preferred Shares for the period of January 1, 2006 to December 31, 2006. The aggregate dividend amount of $81,942 will be paid on February 15, 2007 to shareholders of record at the close of business on January 22, 2007. The dividend will be paid in equal amounts per share on the total of 1,241,552 Preferred Shares outstanding.

In addition, the Board has approved the redemption, on February 15th, 2007, of a total of 64,112 Preferred Shares at $1.00 per share plus accrued and unpaid dividends for a total redemption amount of $64,645. The remaining 1,177,440 Preferred Shares are those under the control and direction of the Corporation's President and CEO, Mr. Carl Johnson.

Future dividends on the remaining Preferred Shares will be declared and paid upon due consideration of the Board.

About Gemini Corporation

Gemini Corporation offers a wide range of interrelated services including project management, engineering, fabrication, construction, operations 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, full-service approaches to a broadening client base in the energy, environmental and industrial sectors.

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.ab.ca.




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

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