North American Gem Inc. to Hold Annual General and Special Meeting

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/10/12 -- North American Gem Inc. (NAG) (TSX VENTURE: NAG) reports that its Annual General and Special Meeting is to be held June 22, 2012. At the meeting, the company will be asking the shareholders to approve the following special resolutions:

1.  To consider, and if thought fit approve a special resolution that the
    Company adopt new Articles in substitution for the existing Articles of
    the Company; and

2.  To consider, and if thought fit approve a special resolution that the
    issued and outstanding common shares of the Company, be consolidated on
    the basis of one new common share for up to forty old common shares.

North American Gem Inc. (TSX VENTURE: NAG) is a Junior Exploration Company based in Western Canada. The Company currently holds certain coal assets in North America. In addition to Coal exploration, the Company also has interests in Uranium, Copper, Gold, 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."

Contacts:

North American Gem Inc.

Charles Desjardins

President and Director

604-683-5445

604-687-9631 (FAX)
info@northamericangem.com
www.northamericangem.com