Gemini enters into amalgamation agreement



    /NOT FOR DISTRIBUTION TO USA NEWSWIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES. THIS NEWS RELEASE IS NOT A SOLICITATION OF ANY OFFER TO
    PURCHASE OR SELL SECURITIES FROM OR TO ANY PERSON./

    TORONTO, Oct. 29 /CNW Telbec/ - Gemini Acquisitions Inc. (TSX-V : GQI.P)
("Gemini"), a capital pool company, is pleased to announce, that further to
the press release dated May 4, 2007, it and its wholly owned subsidiary,
2139711 Ontario Limited, have signed a formal amalgamation agreement with
Silver Shield Resources Inc. ("SSR"). Pursuant to the Amalgamation Agreement,
upon completion of the proposed Qualifying Transaction, SSR and 2139711
Ontario Limited will complete an amalgamation under the Business Corporations
Act (Ontario). Rather than receiving securities of the amalgamated company,
the shareholders of SSR will each receive 1.3 common shares of Gemini for each
issued and outstanding share of SSR and the holders of warrants and options of
SSR will receive 1.3 warrants and/or options of Gemini for each outstanding
warrant and/or option of SSR, which shall have the same terms and conditions
provided by the SSR warrants and options, subject to an adjustment to the
exercise price being divided by 1.3. There are currently 14,485,000 shares of
SSR, 4,356,000 warrants of SSR and 203,500 SSR broker's options issued and
outstanding. The consideration payable for the SSR securities was determined
in arm's length negotiations between Gemini and SSR.
    The transaction will constitute Gemini's Qualifying Transaction under the
policies of the TSX Venture Exchange (the "Exchange"). In addition to usual
conditions in respect of due diligence and corporate authority, the closing of
the amalgamation agreement is conditional on the approval of the SSR
shareholders, and certain directors and officers of Gemini being replaced by
directors and officers of SSR. It is proposed that Thomas Wikstrom, current
director of Gemini, will remain director and Timothy D. Towers, Stephen G.
Mlot, Adam K. Szweras and Peter J. Hawley will be appointed as directors of
Gemini. Details of the proposed Qualifying Transaction are available in
Gemini's press release dated May 4, 2007 on SEDAR at www.sedar.com.

    About Silver Shield

    Silver Shield is a private company whose principal business is the
acquisition, exploration and development of mineral resource properties in
Northern Ontario and Mexico with a focus on silver. Silver Shield is currently
a party to option agreements pertaining to five different properties including
the Welsh Mine Property in the historically prolific silver producing Elk
Lake-Gowganda area of Ontario and the La Cumbre Property in Guerrero, Mexico.
The Company completed a 43-101 compliant technical report on the Welsh
Property in January 2007 following an exploration program in 2006.

    About Gemini Acquisitions

    Gemini Acquisitions is a capital pool company listed on the Exchange
under stock symbol "GQI.P". Gemini and Silver Shield previously announced that
they had entered into a letter of intent in respect of a transaction that
would be Gemini's Qualifying Transaction pursuant to the policies of the
Exchange.

    Additional Information

    Completion of the Qualifying Transaction is subject to a number of
conditions including, but not limited to, the satisfaction of the minimum
listing requirements of the Exchange and Exchange approval of the Qualifying
Transaction. There can be no assurance that the Qualifying Transaction will be
completed as proposed, or at all. The Qualifying Transaction will be an arms'
length transaction.

    Investors are cautioned that, except as disclosed in the management
information circular or filing statement to be prepared in connection with the
transaction, any information released or received with respect to the
Qualifying Transaction may not be accurate or complete and should not be
relied upon. Trading in the securities of a capital pool company should be
considered highly speculative.

    The TSX Venture Exchange has in no way passed on the merits of the
    proposed transaction and has neither approved nor disapproved the
    contents of this news release.

    THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE
ACTUAL RESULTS MAY BE SUBSTANTIAL. ACCORDINGLY, NO ASSURANCES CAN BE GIVEN
THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS WILL
TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY WILL
DERIVE THEREFROM.
    %SEDAR: 00024773E




For further information:

For further information: Silver Shield: Tim D. Towers, President, (905)
319-3033, (905) 319-2997 (fax), fstplc@lara.on.ca; Raymond Lashbrook, Vice
President, Exploration, (905) 319-3033; Gemini: Randy Koroll, Chief Financial
Officer, (416) 662-9455

Organization Profile

GEMINI ACQUISITIONS INC.

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Silver Shield Resources Corp.

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