North American Gem Inc. Begins the Drill Permitting Process for the Mosquito Gulch Uranium Property

    VANCOUVER, June 7 /CNW/ - North American Gem Inc. (TSX-V symbol: NAG)
would like to announce that it has commenced the drill permitting process for
the Mosquito Gulch Property located in the Nonacho basin approximately 300 km
southeast of Yellowknife. The property consists of one mineral claim which
encompasses an area of approximately 2,500 acres with a massive pitchblende
showing. The Company has planned for a diamond drill program to begin in the
fall of 2007. This program will consist of approximately ten holes.
    The Mosquito Gulch showing is at the head of a radioactive boulder train
that extends to the southwest. The showing extends more than 500 meters with
varying widths of 20 to 50 meters and was outlined to a depth of 200 meters.
The property has undergone drilling and trenching in the late 1970's and early
1980's by Uranerz Exploration and Mining Limited. This work included the
following encouraging results:

    Boulder Train Samples

    Up to 0.886% U(3)O(8)

    Trenching Results

    0.017% U(3)O(8) over 9.7 meters
    0.04% U(3)O(8) over 3 meters

    Partial Drilling Results

    0.54% U(3)O(8) over 2.3 meters
    0.356% U(3)O(8) over 7.3 meters
    0.1% U(3)O(8) over 27 meters

    (This data was released prior to establishment of current standards under
National Instrument 43-101, has not been substantiated by North American Gem
Inc, and should not be relied upon.)

    Uranium-bearing minerals associated with the Mosquito Gulch showing
include pitchblende and allanite. The uranium is found as pitchblende in
narrow fracture fillings and small veinlets in quartz stockworks. The
mineralization is confined to a zone of cataclasite and mylonite basement
    In 1980, Uranerz completed metallurgical tests on rock samples collected
at the Mosquito Gulch. Studies including mineralogy, petrography and
geochronology were undertaken and bulk samples were shown to be amenable to
radiometric ore sorting.
    The Nonacho Group is a conformable sequence of continental sediments
consisting of conglomerates, lithic-sandstones and shale, which have been
deposited in an intracratonic, fault-controlled basin. Basement rocks are
mainly early Aphebian to Archean granites and gneisses including numerous
mylonite or cataclasite zones. Diabase dykes represent the last Precambrian
    Mike Magrum, P.Eng., a qualified person under National Instrument 43-101,
has approved the technical content of this news release.

    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
    "Charles Desjardins"

    Charles Desjardins
    President and Director

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this press release other than purely historical information, historical
estimates should not be relied upon, including statements relating to the
Company's future plans and objectives or expected results, are forward-looking
statements. News release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. Forward-looking statements are based on numerous assumptions
and are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource exploration and
development. As a result, actual results may vary materially from those
described in the forward-looking statements.

For further information:

For further information: North American Gem Inc., 1788 - 650 West
Georgia Street, Vancouver, BC, Canada, V6B 2N8, Phone (604) 683-5445,
Facsimile (604) 687-9631,,

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