SOURCE: Gold and Gemstone Mining Inc.

Gold and GemStone Mining Inc.

December 18, 2012 09:00 ET

Gold and GemStone Mining Inc. Meets With Tell Mining Ltd., Discussing a Potential Joint Venture

DRAPER, UT--(Marketwire - Dec 18, 2012) - Gold and GemStone Mining Inc. (OTCQB: GGSM), an alluvial gold and diamond exploration and development stage mining company focused on West Africa, now has the opportunity to further expand their territory into Ghana through a potential Joint Venture with Tell Mining Ltd.

Charmaine King, GGSM's CEO, today commented, "I'm delighted to announce that this potential JV with Tell Mining Ltd. can bring great opportunity to GGSM and its shareholders. Ghana still has great unexplored land with a high concentration of gold in the ground. Ghana boasts almost two decades of multi-party democracy. This has been lauded internationally, and the country continues to mature in its democratic principles. The result has been major national economic gains over the years and the country is considered one of the most politically stable in the continent of Africa."

Ms. King then goes on to state, "Before signing up with any land owners for the rights to explore for gold it is extremely important to have the right local partnership in place and this is where we see a future potential opportunity by working together with Tell Mining Ltd., as they have the relationships in Ghana that we have in Sierra Leone. This is extremely exciting for us and our shareholders."

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 with their 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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