VANCOUVER, June 4 /CNW/ - North American Gem Inc. (TSX-V symbol: NAG)(The
Company) is pleased to announce that Alan A. Johnson, B.Sc., P. Geol has
accepted a position on the Board of Advisors. Mr. Johnson will work with North
American Gem to determine the exploration protocol for the anticipated large
coal position acquired in Saskatchewan.
During his career Mr. Johnson has distinguished himself as a coal
geologist who, as Manager of Exploration and Development for Denison Mines
Limited (1971 to 1978), led the team that discovered and did the early
development work on the Quintette coal property in Northeast British Columbia.
'Quintette' became the cornerstone of the Northeast Coal Development that
became (still to this date) the largest new coal development in British
Columbia's history. In its time, the Denison team was the most successful coal
exploration group in Canada. In Northeast B.C. its coking coal discoveries
included not only the main 'Babcock' deposit at Quintette but also the
Wolverine, Five Cabin, Sheriff-Frame, and Roman (Trend) deposits on that
property, and the Belcourt and Saxon properties. All are locations of
significant discoveries where mining, exploration or development work
continues to this day.
Subsequently, Mr. Johnson was Manager, Coal for Gulf Canada Resources
Ltd. (Gulf) (1978 to 1988). As such, he managed coal exploration on numerous
projects in Northeast B.C., Alberta and Northwest B.C. Principle projects
included Goodrich, Trefi (coking coal) and Mount Klappan (anthracite) in B.C.
plus many thermal coal prospects in Alberta.
While at Gulf, in an initiative related to the Northeast B.C. Coal
Development, Mr. Johnson led the group (Gulf, Esso, Manalta and FedNav) that
founded Ridley Terminals Inc., designed the 12 million tonne per year,
world-class coal export terminal and won the bid to build it. (This right was
later transferred to Ports Canada in return for 'open access'... the
consortium's basic objective.)
In 1988 Mr. Johnson took a leave of absence from Gulf when he was elected
to the House of Commons as Member of Parliament for Calgary North. In this
capacity he also served as Chair of the House of Commons Standing Committee
for Energy Mines and Resources (1991-1993).
In 1993 Mr. Johnson returned to Gulf as Senior Associate, Coal. In 1994
he retired from Gulf and began an independent career. Later, in 1997, he
established RJZ Mining Corporation (now Vostok Minerals Inc.) and became its
president. From 1999 to 2001 he was President of The Coal Association of
Canada and during that time he founded the Zero Emission Coal Alliance that
became ZECA Corporation that he headed as Managing Director & CEO from 2001 to
ZECA was a joint undertaking whose shareholders included a number of
Canadian and American coal companies, utilities and coal interests. Mr.
Johnson has been invited to bring the "Zero-Emission' message to major
international conferences throughout Canada and the USA as well as in Europe,
Japan, Eastern Europe, and New Zealand.
Currently (May 2008) Mr. Johnson has private coal exploration interests,
advises certain private companies internationally and directs the work of
Vostok Minerals Inc. as its President & CEO. He is also the Chairperson of a
small, private foundation that focuses on elder care.
Mr. Johnson is a Professional Geologist (P. Geol.) registered with the
Association of Professional Engineers, Geologists and Geophysicists of Alberta
Charles Desjardins, President of North American Gem Inc. said, "We feel
extremely fortunate to have Mr. Alan Johnson, a man of this caliber, as a coal
advisor during this stage in the development of this promising new coal
discovery in Saskatchewan."
North American Gem Inc. would like to announce that pursuant to its stock
option plan, the Company has granted incentive stock options to its directors,
officers, consultants, and employees to purchase 2 million common shares in
the capital stock of the company, exercisable for a period of two years, at a
price of 25 cents per share. These options are subject to a four-month hold
About North American Gem Inc.
North American Gem Inc. (TSX-V symbol: NAG) is a junior exploration
Company based in Western Canada. The Company's primary goal is to explore for
Uranium, Molybdenum, Gold, Copper, and other base metals in Canada. The
Company is actively pursuing several opportunities, including the Louise Lake
copper-gold-molybdenum-silver project located in British Columbia. The Company
is also pursuing its uranium projects, consisting of the Whiskey Gap, Del
Bonita, Western Basin, and Bonny Fault projects, all located in Alberta. In
addition the Company is also pursuing its Mosquito Gulch uranium property
located in the North West Territories and the Ranger Lake Uranium property
located in Ontario.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
President and Director
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
This report contains forward looking statements, particularly those
regarding cash flow, capital expenditures, and investment plans. Resource
estimates, unless specifically noted, are considered speculative. The company
has filed a National Instrument 43-101 resource estimate on the Louise Lake
property. Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. 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
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.
For further information:
For further information: 430 - 609 Granville Street, Vancouver, BC,
Canada, V7Y 1G5, Phone (604) 683-5445, Facsimile (604) 687-9631,