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"North American Gem Inc. Finalizes the Acquisition of theBrian Jones Blue Gem Coal Lease in Knox County, Kentucky
VANCOUVER,BRITISH COLUMBIA, May 13, 2010 (MARKETWIRE via COMTEX News Network) --
NorthAmerican Gem Inc. (NAG) (TSX VENTURE: NAG) has successfully negotiatedthe acquisition of approximately 800 acres (The Brian Jones lease) ofcontiguous coal leases to the Gilliam Hill lease (previously announcedApril 14, 2010). The Brian Jones lease is located centrally to the NAGoperations in Kentucky and contains the readily marketable Blue Gemcoal. In addition to the Blue Gem seam, the Jellico and Moss seams havebeen confirmed on this newest acquisition as well.
Preparationfor submittal of the mining permit application to the KentuckyDepartment of Natural Resources on the Brian Jones lease has commenced.The Brian Jones lease is one of five leases currently being permittedwith the other four being the Swan Pond, Granny Rose, Gilliam Hill North(Jamieson), and Gilliam Hill South. NAG has made plans to begindrilling on the newly acquired lease and will verify the seam thicknessand quality of the coal in all 3 known seams. As with NAG's other leasesthe mining costs are expected to be relatively low on due to favorablestrip ratios and mining conditions.
"We are pleased that theCompany was able to successfully expand our lease holdings in thisparticular area given the extensive presence of Blue Gem coal." statedCharles Desjardins, President of North American Gem Inc. "North AmericanGem plans to continue expanding its lease holdings in Kentucky andcontinues to make progress with the mining permitting process."
Mr.Dean Schafer is acting as operations manager of all the Company'sKentucky coal leases and is currently implementing an overall mine plan.
Ms. Deborah Moses, PEng, PLS, REM, of Engineering ConsultingServices Inc. (ECSI) is the qualified person for the Company's coaloperations in Kentucky.
North American Gem Inc. (TSX VENTURE:NAG) is a Junior Exploration Company based in Western Canada. TheCompany's primary goal is to explore for Coal in North America,currently the focus is in Kentucky, Saskatchewan, and West Virginia. Inaddition to Coal exploration, the Company also has interests in Uranium,Copper, Gold, Molybdenum and other base metals in Canada.
OnBehalf of the Board of 
NORTH AMERICAN GEM INC.
North American Gem Inc.
Natural Resources
NAG : TSX-V
North American Gem Inc. (NAG)(TSX-V symbol: NAG) is one of thefastest growing coal producers in North America.
- NAG currently has two fully permitted mines in Kentucky. The sitescontain Blue Gem and Jellico coal.
- Mine #1 produces 12,000 tons of coal per month at full capacity (threeaugers).
- Mine #2 was acquired on March 31, 2010 and currently the lease isbeing transferred to NAG. NAG expects to be producing shortly.
- NAG is currently in the final stages of receiving a permit for itsSwan Pond lease. Once approved, NAG will have an increased productioncapacity of 25,000 tons of coal per month through highwall techniques.
North American Gem Inc. has been aggressive in acquiring leases andpermits in Kentucky to allow for future growth. With additional Blue GemProperty leased and the permit for Swan Pond awaiting approval, NorthAmerican Gem Inc. is poised to continue its expansion as a key player inthe Kentucky coal market.
The mine sites in Kentucky contain both Blue Gem and Jellico coal seams.Blue Gem Coal is one of the most sought after grades of coal in theworld for the production of silicon metals, commanding up to a marketprice 100% higher than high-grade steam coal.
North American Gem Inc. (TSX-V symbol: NAG) is a junior resource companybased in Western Canada. The company's major focus is expanding itscoal mining operations at its flagship properties in Kentucky. Inaddition, the company also has interests in coal, uranium, copper,molybdenum, and other base metals around Canada.