True North Gems Inc.
TSX VENTURE : TGX

True North Gems Inc.

September 06, 2005 08:30 ET

True North Gems Recovers 200 Carat Ruby from Greenland Discovery

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 6, 2005) - True North Gems (TSX VENTURE:TGX) is pleased to announce that initial sampling from the newly discovered Aappaluttoq ("Big Red") ruby occurrence in the Fiskenaesset district of Greenland has included the recovery of an exceptionally-large piece of ruby rough in matrix weighing a total of 89 grams (445 carats). True North gemologists estimate that the matrix specimen contains an individual ruby crystal with and approximate rough weight of 40 grams (200 carats).

The ruby rough has dimensions of approximately 4 cm x 5.5 cm with a maximum thickness of 3 cm and is graded as near-gem with gem segments. The crystal itself is described as a multicrystaline form, displaying good natural red colouration throughout with mostly translucent to near transparent sections.

No value has been assigned to the Aappaluttoq ruby as of yet and True North's management is currently considering available options with respect to processing to finished polished goods.

Ruby is one of the rarest and most valuable gemstones on earth. It is a variety of the mineral corundum that acquires its red colour from the element chromium which also induces fluorescence in the stone, making the ruby appear to glow from within. Large, high-quality rubies can exceed diamonds in value and sell in the range of $1,450 (U.S.) to $25,000 (U.S.) per carat.

The planning and execution of the ruby exploration and quality control programs at the Greenland ruby project are under the supervision of William Rohtert, True North's chief operating officer. Mr. Rohtert is a qualified person as defined by National Instrument 43-101. Mr. Rohtert also directly controls the gemological grading and manufacturing experiments. Gemological grading and mineralogical assessment have been provided by True North gemologists Bonnie Pemberton, GIT, Graduate Gemologist and Nick Houghton, Accredited Gemologist (C.I.G.).

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and owns 100% interest in the Yukon-based Tsa Da Glisza emerald property and the rights to earn 100% interest in the Baffin sapphire property located on Baffin Island and the Fiskaenesset ruby and pink sapphire property in Greenland.

The Company relies on litigation protection for "forward-looking" statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

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