SOURCE: Gemini Explorations, Inc.

October 10, 2007 02:30 ET

Gemini Explorations, Inc. Reports on La Planada Gold Project Drill Program

Phase One Diamond Drill Program to Provide 2000 Meters of Core Sample

CALGARY, AB--(Marketwire - October 10, 2007) - Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to report that it has finalized the drill program budgets for the upcoming phase one drilling program at Gemini's wholly owned La Planada Gold Project. The detailed budget is based on a projected 2000 meter diamond drill program. Diamond drilling will allow detailed examination of vein and host rock, alteration patterns and structural elements. Sampling of core would be for gold, silver, copper and base metals. This work will create a more accurate estimate of grade and tonnage for the entire La Planada Gold project. Upon completion and review of this data, sites will be selected to test for new mineralized zones and for continuity of veins at depth.

The detailed project budget includes preparation of all drill pads, road work, equipment and tool costs, 2000 meters of diamond drilling, laboratory analysis, all personnel costs including food, housing and transportation. The total estimated cost of the phase one drill program is US$652,000, adding a contingency factor of 15% would bring the maximum projected total to US$749,000.

Minera Primecap Geological Services (MPGS) chief geologist Carlos Alberto Vera has personally directed his geological team as they prepare the drill targets. On September 24, 2007, Gemini released an updated overview of the La Planada Gold Project as prepared by Carlos Alberto Vera. The detailed update estimates La Planada may potentially contain over 3,150,000 troy ounces of gold with a potential gross deposit value of approximately $2,310,000,000 with gold trading at $735 per ounce.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that although Gemini Explorations, Inc believes the La Planada Gold Project has promising potential, the property is in the early stages of exploration. The project has yet to be shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on the property, or that, if identified, mineralization may be economically extracted. Minera Primecap Geological Services does not accept responsibility for the use of project data or in the adequacy or accuracy of this release.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2005 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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