SOURCE: Gemini Explorations, Inc

November 12, 2007 02:30 ET

Gemini Explorations, Inc Updates Los Chorros Phase Two Work Program

CALGARY, AB--(Marketwire - November 12, 2007) - Gemini Explorations, Inc ("Gemini") (OTCBB: GXPI), is pleased to report that Minera Primecap Geological Services (MPGS) has commenced work on a detailed topographical survey of the Los Chorros Gold Project. The survey will be detailed on a 1:1000 scale with contours spaced every 5 meters. Minera Primecap Geological Services (MPGS) will perform the survey and detailed map preparation. MPGS has also reported that the drill program along the main vein be set at 50 meter spacings with depths ranging between 160 and 340 meters. Carlos Alberto Vera, Chief geologist of MPGS believes that if the predicted drill program throws positive results the resource estimate could be increased by as much as 30% in the exposed areas of the mine.

The Los Chorros Mine is currently being mined with extremely antiquated equipment and Gemini believes that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. Gemini reported on November 5, 2007 that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 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, the expectation of the gold production of the property to be acquired, the low capital costs to upgrade the Los Chorros operating plant, the assumed production and net cash flow. 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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