TGX Energy & Resources Inc V.TGX

news

[barryb]

======================================================================= Re: News Release - Tuesday, April 12, 2005 True North Renews Memorandum with the Ross River Dena and Completes Winter Mobilization for Emerald Program ======================================================================= Vancouver, April 12, 2005 - True North Gems (TGX: TSX-V) is pleased to announce the completion of its winter mobilization into its wholly owned Tsa da Glisza emerald property in the Finlayson Lake area of the Yukon Territory, and the signing of a renewed Memorandum of Understanding (MOU) with the Ross River Dena Council. True North commenced its 2005 emerald exploration program in mid-March with a winter mobilization that has now been successfully completed. True North has moved the bulk of fuel, equipment and supplies required for the 2005 exploration season into the Tsa da Glisza property via a winter road. True North also replaced equipment important to the continued growth of the Tsa da Glisza property and removed obsolete and spent equipment and supplies. The winter mobilization represents significant cost savings for True North and is the first phase of its 2005 exploration program for the emerald property. True North will begin the second phase of its emerald exploration program in early June. The program has a proposed budget of $1.5 million and will focus on excavation and bulk sample testing from both the Shadow Zone at Howdy Ridge and the mineralized zones at Regal Ridge. True North originally signed an MOU with the Ross River Dena Council in 2003, renewed it in 2004 and has again renewed it. The MOU forms a framework for a continued working relationship with the Ross River Dena. The agreement recognizes True North's ownership of the mineral rights for the property and commits the Company to working with the Ross River Dena to develop the project and establish an impact benefits agreement, prior to establishing an operating mine. In recognition of the mutual agreement and respect that has been established between the Company and the Ross River Dena, True North re-named its Yukon emerald property the Tsa da Glisza Project last year following a drum ceremony. Tsa da Glisza is a name formally drawn from the Kaska language by the elders of the Ross River Dena which means "green stone". For further information contact: Greg Fekete, President Telephone: [phone] - or - Ken Shortt, Investor Relations Telephone: [phone] or 1-800-399-8055 visit our website: www.truenorthgems.com email: [e-mail] The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release. The Company relies on litigation protection for "forward-looking" statements. ======================================================================= Copyright (c) 2005 TRUE NORTH GEMS INC. (TGX) All rights reserved. For more information visit our website at https://www.truenorthgems.com/ or send mailto:[e-mail] Message sent on Tue Apr 12, 2005 at 1:39:54 PM Pacific Time =======================================================================