Gemini Corporation
TSX VENTURE : GKX

Gemini Corporation

May 24, 2006 16:21 ET

Gemini Corporation Grants Options

CALGARY, ALBERTA--(CCNMatthews - May 24, 2006) - Gemini Corporation (TSX VENTURE:GKX), a leading provider of engineered solutions and field services to an array of industry sectors, today announced it has granted options to directors, officers and senior employees.

An aggregate of 630,000 options have been granted at an exercise price of $1.80 per share, which was the closing market price on May 23, 2006. Under the terms of Gemini's option plan, the options are valid for five years and vest one-third immediately and the remainder at one-third on each of the next two anniversary dates. This will bring the total number of options outstanding to 1,830,168 or 5.3% of the 34,257,537 issued and outstanding common shares of the Corporation.

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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