Gemini Corporation
TSX VENTURE : GKX

Gemini Corporation

May 25, 2005 13:30 ET

Gemini Corporation Announces Proposed Acquisition

CALGARY, ALBERTA--(CCNMatthews - May 25, 2005) -

This acquisition provides valuable resources and profitable operations

Gemini Corporation, a leading provider of engineered solutions to an array of industry sectors, is pleased to announce that it has signed a letter of intent to acquire the operations of Majestic Engineering Ltd. of Calgary, Alberta. The transaction is expected to close on or about June 30, 2005 and is conditional upon the completion of due diligence; the execution of a definitive agreement; and various approvals.

Majestic Engineering is a full service, multi-discipline, project management and engineering company servicing the oil and gas sector, both within Canada and internationally. Completed projects include oil and gas pipelines, sweet and sour well site facilities, oil and gas production and processing plants, compressor stations, oil batteries, LPG recovery and water injection plants.

The addition of Majestic's personnel and client base will be very complimentary to Gemini's existing operations. Upon completion, all staff will be retained to provide continuity and uninterrupted service to these clients. This acquisition will expand Gemini's engineering services business with profitable incremental revenues of approximately $3,000,000 annually. The additional personnel will enhance the Corporation's full-service capability and provide the resources necessary to secure available opportunities.

Statements in this release which describe Gemini's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Gemini to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. Gemini may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.

About Gemini Corporation

Gemini Corporation is a growth-oriented company offering a wide range of interrelated services including project management, engineering, fabrication, installation, operations and maintenance within Canada and internationally. The Corporation is a leading provider of engineered solutions through either stand-alone or integrated, full-service approaches to a broadening client base in an array of industry 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 http://www.geminicorp.ab.ca.

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

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