SOURCE: Gemini Explorations, Inc.

October 13, 2008 09:30 ET

Gemini Explorations, Inc. Receives Additional $50,000 Tranche for Use in the Redevelopment of Its La Tapata Gold Mine

CALGARY, AB--(Marketwire - October 13, 2008) - Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to announce that it has received an additional $50,000 tranche from a $500,000 financing which was detailed in a news release dated August 15, 2008. This tranche brings the total received from that financing to $200,000 and will be utilized to fund Gemini's ongoing redevelopment of its La Tapata Gold Mine. La Tapata, as previously announced, is in the process of being significantly expanded by the acquisition of two adjacent mining concessions. The acquisition will allow for the optimum development of the extensions of the mineralized zones from the core property at La Tapata.

Gemini will announce details regarding the planned expenditure of this $50,000 in an upcoming news release.

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 expectation that the proposed joint venture will be completed, the expectation that additional concessions adjoining La Tapata will be acquired and close on specified dates and the expected completion date of the redevelopment of the La Tapata Gold Mine 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 and mine development. 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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