SOURCE: Gemini Explorations, Inc.

February 26, 2009 08:30 ET

Gemini Explorations, Inc. Announces Preparations for Commencement of Additional Geological Exploration to Further Determine the Extent of Potential Resources of Gold and Other Economic Minerals at Its La Tapata Gold Mine

CALGARY AB--(Marketwire - February 26, 2009) - Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) announced today that, concurrent with its efforts to conclude a joint venture agreement with one of two prospective joint venture partners, it is making preparations to re-institute further geological/mineralogical surveys of its La Tapata Gold Mine property. This effort would build upon and reinforce the results of sampling and survey work already accomplished and focus on the recently discovered second vein system increasing the economic potential of this property significantly. Following are some highlights of the sampling and analysis already performed.

As reported in previous news releases, one set of sampling results from La Tapata showed the presence of gold in amounts ranging from 6.4 grams per tonne to 190.6 grams per tonne. Subsequent sampling along the principal vein in an area with a thickness varying between 0.20 m and 1.15 m, showed the presence of gold in concentrations up to 243 grams per tonne, with excellent consistency overall. The Company Geologist has estimated, based on that sampling, that 12 grams per tonne of gold average grade for the ore is conservatively quite probable.

Also noted in a more recent news release is that, with the use of a proprietary, environmentally friendly hydrometallurgy process, economically viable quantities of silver, copper and lead can be extracted from the ore present at La Tapata. Particularly noteworthy was the presence of 958.8 grams per tonne of silver in the sample from the ore zone tested. All evidence to date indicates that La Tapata has the potential be a very profitable mine based on the estimates of an economically viable prospective gold resource. The economical recovery of other metallic minerals through the possible employment of this more sophisticated processing technique further enhances the probability of a high margin mining operation.

"We are determined to move forward quickly to finalize this round of exploration, sampling and testing at La Tapata," stated Michael Hill, CEO of Gemini, "so that we can then, as rapidly as possible, achieve our goal of transforming Gemini into a profitable producing mining concern to the benefit of the company and our shareholders."

About Gemini Explorations, Inc.

Gemini Exploration is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich yet highly underdeveloped gold deposits of Colombia.

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, the expected completion date of the redevelopment of the La Tapata Gold project. 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, the ability to provide a cost-effective, environmentally friendly method for capturing a uniquely high percentage of precious metals and other economic minerals from the containing ore body. 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 2007 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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