SOURCE: Gemini Explorations, Inc.

November 28, 2007 02:30 ET

Gemini Explorations, Inc. Receives Proposal for Joint Venture to Develop La Planada Gold Project

CALGARY, AB--(Marketwire - November 28, 2007) - Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to report that it has received a joint venture proposal to develop the La Planada Gold Project. Minera Primecap Geological Services (MPGS) is preparing a geological information package and Gemini will report updates as they become available.

The La Planada property is located in the municipality of Sotomayor, department of the Nariño, in south western Colombia. Access to the property is approximately 80 km from Pasto the capital city of the Nariño department by open road. The project has an exploitation (mining) license (#17486) for a period of 10 years and is renewable for an additional 10 years. As reported on February 23, 2007, Carlos Alberto Vera of MPGS estimated the La Planada Gold Project to contain over 3 million ounces of gold representing a potential 2 billion dollar deposit with gold trading at $650 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 2006 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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