SOURCE: Gold and Gemstone Mining Inc.

Gold and GemStone Mining Inc.

December 17, 2012 14:00 ET

Gold and GemStone Mining Inc. and Blue Orange Mining Ltd Agree to BOM Providing Equipment for All Concessions Mined

DRAPER, UT--(Marketwire - Dec 17, 2012) - Gold and GemStone Mining Inc. (OTCQB: GGSM), an alluvial gold and diamond exploration company, is to be provided heavy duty mining equipment. The heavy duty mining equipment is being provided by its JV partner in Ghana, Blue Orange Mining Ltd.

GGSM CEO Charmaine King commented, "This is really the final step in GGSM moving towards being a fully producing gold mining company. We are extremely excited by these developments and expect things to rapidly begin unfolding for the company with our Ghana operations."

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 GGSM's plan is the formation of strategic alliances and joint ventures with gold and diamond mining companies for the acquisition(s) of new mining concessions, equipment and human capital. The company's management intends to focus on strengthening GGSM's position as a player in the gold and diamond mining industry. GGSM is committed to providing maximum return for shareholders while working closely within the local communities it has mining operations to ensure local economies are also benefiting and can flourish from GGSM's activities.

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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