TGX Energy & Resources Inc V.TGX

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True North Gems Recovers 12,060 Grams '60,298 Carats' Rough Gem Grade Ruby and Pink Sapphire From Initial Aappaluttoq Stone Counts 19:11 EDT Tuesday, October 10, 2006 VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 10, 2006) - True North Gems (TSX VENTURE:TGX) is pleased to announce that the processing of ruby and pink sapphire concentrate and rough-stone sorting completed in the field as part of the 2006 exploration program at the company's 110 km2 property located on the west coast of Greenland, has resulted in the recovery 12,060 grams (60,298 carats) of gem-grade rough. This gem-grade material was recovered from 149.9 kilos, or 23% of the total 650 kilograms of ruby and pink sapphire concentrate produced from the 30 tonne, 2006 Aappaluttoq bulk sample. These partial results provide an initial assessment of the grade concentrations of ruby and pink sapphire from the 2006 Aappaluttoq bulk sample. Combined, the gem grade ruby and pink sapphire will contribute 402 grams (2,010 carats) per tonne to the overall rough stone grade of the 30 tonne bulk sample. Final grade concentration numbers will await the processing and rough stone sorting of the remaining 77% of the Aappaluttoq ruby and pink sapphire concentrate currently in inventory at the Company's secure Vancouver gem laboratory. An important indication evident in these initial data from the 2006 Aappaluttoq bulk sample is the significant fraction of the gem grade material that has been classified as "eye-clean" by True North's gemmologists. Rough ruby and pink sapphire classed in this category will produce superior polished gem-stones that will range from "good" to "extra-fine" and represent the highest value component of the products derived from the 2006 bulk sample. Of the total gem grade ruby and pink sapphire material documented to date, 7.4% is classified as "eye-clean", a significant increase over the 2005 Aappaluttoq results. Aappaluttoq 2006 Initial Rough Stone Sorting Results (Partial processing of ruby and pink sapphire concentrates from 30 tonne bulk sample) -------------------------------------------------------------------- Grade Contribution Eye-Clean Weight Toward 30 t Sample Fraction ---------------- ------------------- ---------- Colour (Grams) (Carats) (Grams/t) (Carats/t) (Percent) -------------------------------------------------------------------- -------------------------------------------------------------------- Gem Grade Ruby 4,084 20,420 136 681 5.4% -------------------------------------------------------------------- Gem Grade Pink Sapphire 7,976 39,878 266 1,329 8.4% -------------------------------------------------------------------- Total Gem-Grade 12,060 60,298 402 2,010 7.4% In addition to the gem fraction, 15,457 grams (77,285 carats) of near-gem ruby and pink sapphire have also been recovered from the field sort. Including this data, the total gem and near-gem grade rough material recovered from the 149.9 kilos of field processed ruby and pink sapphire concentrate amounts to 27,517 grams (137,585 carats). Concentrate processing and rough stone sorting of the remaining 500.1 kilos of Aappaluttoq concentrate is ongoing and final results are anticipated prior to the end of the fourth quarter, 2006. "These initial results are highly encouraging," said William Rohtert, True North's COO, commenting on the significance of these initial results. "They support our preliminary conclusions regarding the importance of hydrothermal provenance evident at Aappaluttoq, to the creation of high-value ruby deposits in Greenland." Additional information on Greenland rubies, technical reports on ruby exploration and other public documents are available at www.sedar.com or, at the company's website, www.truenorthgems.com. The planning and execution of the ruby exploration and quality control programs at the Greenland ruby project are under the supervision of William Rohtert, True North's chief operating officer. Mr. Rohtert is a qualified person as defined by National Instrument 43-101. True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and owns 100% interest in the Yukon-based Tsa da Glisza emerald property and the rights to earn 100% interest in the Baffin sapphire property located on Baffin Island and the Fiskenaesset ruby and pink sapphire property in Greenland. The Company relies on litigation protection for "forward-looking" statements. FOR FURTHER INFORMATION PLEASE CONTACT: True North Gems Inc. William Rohtert Chief Operating Officer [phone] or 1-800-399-8055 or True North Gems Inc. Ken Shortt Investor Relations [phone] or 1-800-399-8055 Email: [e-mail] Website: www.truenorthgems.com