Vancouver, British Columbia, Canada, June 2, 2016 – Gem International Resources Inc. (the “Company”)  (TSXV: GI) has closed the first tranche of the non-brokered private placement previously announced on March 29, 2016 and May 12, 2016  through the issuance of 16,120,000 units at a price of $0.05 per unit for gross proceeds of $806,000. Each unit consists of one common share and one share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of the Company for a term of two years from the date of closing at a price of 15 cents per share. All of the securities issued under the private placement are subject to a four-month hold period expiring October 1, 2016.

Gem International Resources Inc.

Simon Tam
Director

Disclaimer and Cautionary Statement Regarding Forward-Looking Information

Neither 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 press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.