North American Gem Inc.
TSX VENTURE : NAG

North American Gem Inc.

October 01, 2010 16:15 ET

North American Gem Inc. Director Resigns

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2010) - North American Gem Inc. (NAG) (TSX VENTURE:NAG) reports that Mr. Bruce Lock has resigned effective October 1, 2010 as director and CFO of the company to pursue personal interests. The company wishes to express its gratitude for the contribution that Mr. Lock has made to the company and wishes him well in his future endeavors.

To fill the vacancy created by Mr. Lock's resignation, the company has appointed Mr. Doug McFaul as director and CFO of the company. Mr. McFaul has 16 years experience with companies involved in the public markets. Mr. McFaul has held senior management positions with various public companies.

North American Gem Inc. (TSX VENTURE:NAG) is a junior resource company in Western Canada. The company's major focus is expanding its coal mining operations at its flagship properties in Kentucky. In addition, the company has interests in coal, copper, molybdenum, and other base metals in Canada.

On Behalf of the Board of Directors

NORTH AMERICAN GEM INC.

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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