December 16, 2009: North American Gem Inc. (TSX-V symbol: NAG) (the "Company") announces that, subject to TSX Venture Exchange approval, 759,775 common share purchase warrants outstanding in connection with a $1,007,000 non-brokered private placement financing that closed December 27, 2007 will have their expiry date extended as noted below.
The amended terms of the outstanding warrants will allow the holders of the warrants to exercise them at a price of $0.15 until December 27, 2012.
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 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"
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