North American Gem Inc. Announces Private Placement

Comment: So Canada is looking for more Coal in American! Canada is looking for more uranium in Canada, well maybe?

VANCOUVER, BC -- (Marketwire) -- 09/04/09 -- North American Gem Inc. (TSX-V: NAG) (the "Company") would like to announce that it has arranged a non-brokered private placement, subject to the approval of the TSX Venture Exchange, of up to 5,000,000 units at a price of $0.06 per unit for total proceeds of up to $300,000. Each non-flow through unit will consist of one common share and one full warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.09 per share for the first year, $0.12 per share in the second year, and $0.15 per share in the third year.

The proceeds of the private placement will be used for exploration work on the Company's coal properties in Kentucky and general working capital. A finder's fee may be payable according to the policies of the TSX Venture Exchange.

The Company further announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 1,500,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.10 per share.

North American Gem Inc. (TSX-V: NAG) is a Junior Exploration Company based in Western Canada. The Company's primary goal is to explore for Coal in North America, currently the focus is in Kentucky, Saskatchewan and West Virginia. 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"

Charles Desjardins
President and Director



Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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. 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.

Contact:
North American Gem Inc.
430 - 609 Granville Street
Vancouver, BC
Canada V7Y 1G5
Phone: 604-683-5445
Facsimile: 604-687-9631
info@northamericangem.com
www.northamericangem.com

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