TGX TGX Energy and Resources Inc

True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") is very
pleased to announce that the Government of Greenland has formally approved the
Company's Exploitation and Closure Plan, and Impact Benefit Agreement ("IBA").
This paves the way for the establishment of Greenland's first ruby and pink
sapphire mining operation at Aappaluttoq, SW Greenland.


"We can now look forward to moving ahead with the construction and production
phases of the project," stated Nicholas Houghton, President and CEO. "Today's
approvals are a true testament of the hard work, and co-operation exhibited by
both the Government of Greenland and the Company."


The Exploitation and Closure Plan establishes the framework for the construction
of mine facilities, production and site reclamation. It also covers workers'
health and safety, environmental protection, and project infrastructure, while
also outlining other requirements. 


The IBA ensures that all Greenlandic communities and the economy as a whole will
benefit from the Aappaluttoq mine. The document is a commitment by the Company
to bring direct employment and training, whilst developing new skill sets and
supporting the growth of secondary industries. The IBA has been presented to the
Municipality of Sermersooq for approval.


Minister for Industry and Mineral Resources Jens-Erik Kirkegaard stated: "I am
very pleased that the project can move forward with the prospect of new job
creation, business opportunities and income to the Greenland society." The
Minister added: "True North Gems have been a constructive, cooperative partner
in the negotiation and approval process." 


The mayor of Sermersooq, Asii Chemnitz Narup is pleased with the prospect of new
jobs in the municipality: "True North Gems is committed to employing local
workers. This will benefit our community and especially the settlement of
Qeqertarsuatsiaat."


The Company continues to work with various parties to complete project financing
and engineering, and we expect to provide an update on these activities in due
course.


Neither the 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 release. 


This document contains "forward-looking information" and "forward-looking
statements" (together, "forward-looking statements") within the meaning of
applicable securities legislation, which are made as of the date of this
document or the document(s) referred to herein. Statements that express
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects", "anticipates", "plans", "projects", "estimates", "intends",
"strategy", "goals", "objectives" or variations thereof or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be forward-looking
statements. Forward-looking statements include, without limitation, statements
with respect to: the amount of mineral reserves and mineral resources; the
amount of future production over any period; net present value and internal
rates of return of the proposed mining operation; capital costs; operating
costs; strip ratios and mining rates; and mine life. The forward-looking
statements are made based upon certain assumptions which, if untrue, could cause
the actual results, performances or achievements of the Company to be materially
different from future results, performances or achievements expressed or implied
by the forward-looking statements.

These assumptions include, without limitation: the price of gemstone products
produced; anticipated costs; the presence of and continuity of gemstones at
modeled grades and values; the capacities of various machinery and equipment;
the availability of personnel, machinery and equipment at estimated prices;
exchange rates; appropriate discount rates; tax rates applicable to the proposed
mining operation; financing structure and costs; anticipated mining losses and
dilution; gemstone recovery rates; reasonable contingency requirements; and
receipt of regulatory approvals on acceptable terms. By their very nature,
forward-looking statements involve inherent risks and uncertainties that could
cause actual results, performances or achievements to differ materially from
those in the forward-looking statements. These include, without limitation:
price volatility, discrepancies between actual and estimated production, mineral
reserves and resources and metallurgical recoveries, mining operational and
development risks, regulatory restrictions (including environmental regulatory
restrictions and liability), activities by governmental authorities (including
changes in taxation), currency fluctuations, the speculative nature of gemstone
exploration, the global economic climate, dilution, share price volatility,
competition, loss of key employees; additional funding requirements and
defective title to mineral claims or property. This list is not exhaustive. See
also, for example, the risks disclosed in the Company's other disclosure
documents filed at www.sedar.com, including, without limitation, those disclosed
in the Company's management's discussion & analysis. The Company expressly
disclaims any intention or obligation to update or revise any forward-looking
statements, except as otherwise required by applicable securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055


True North Gems Inc.
Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

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