SOURCE: Gold and Gemstone Mining Inc.

Gold and Gemstone Mining Inc.

March 04, 2013 08:45 ET

Gold and Gemstone Mining Inc. Signs Joint Venture Agreement With Tell Mining Ltd.

DRAPER, UT--(Marketwire - Mar 4, 2013) - Gold and Gemstone Mining Inc. (OTCQB: GGSM), an alluvial gold and diamond exploration and development stage mining company focused on Sierra Leone, West Africa, has signed a Joint Venture with Tell Mining Ltd and thereby is further expanding its business into West Africa.

Charmaine King, GGSM's CEO, today commented, "I'm delighted to announce that a Joint Venture agreement has been signed with Tell Mining Ltd. With this agreement GGSM will be able to expand its activities in Africa and to be present on the ground in Ghana will enable GGSM to get access to open alluvial gold concessions and we believe that both parties will see new revenue streams in a near future."

About Tell Mining Ltd.

Tell Mining Ltd. is a junior early stage mineral discovery company, which focuses on West Africa and Ghana in particular. The company was incorporated in 2008. Since then, Tell Mining Ltd. has been active with several cooperation partners -- both with African and international companies. The company is on-going and has several mining concession rights in Ghana.

About Gold and Gemstone Mining Inc.
Gold and Gemstone Mining, Inc. is an exploration stage company that will engage in the acquisition, exploration, and development of Diamond and Gold properties around the world. Integral to our plan is to form strategic alliances and joint ventures with gold and diamond mining companies.

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

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