SOURCE: North American Gem Inc.
North American Gem Inc. Addresses the EPA's Decision and Clarifies Its Mining Permit Status in West Virginia
VANCOUVER, BC--(Marketwire - March 25, 2009) - North American Gem Inc. (TSX-V: NAG) (the "Company") wishes to clarify its operations and permits to its shareholders as a result of the Environmental Protection Agency's (EPA) decision to put hundreds of mountaintop coal-mining permits on hold in West Virginia.
The Company has spoken to the Department of Environmental Protection (DEP) in Philippi, West Virginia regarding this matter. The DEP stated that any proposed mining permit that needs a valley fill to get rid of excess spoil would be affected by this decision. The proposed mining permit on the Company's Saffle property would not need a valley fill. There is plenty of area on the existing bench from previous mining operations to store spoil material during mining operations. Further, the Company's Dalton Tract would not need a valley fill either, as mining would progress along a certain contour elevation, with initial soil placed on a flat ridge in the middle of the property. To be clear there will be no hilltop mining operations or practices on either proposed surface mining operation that the Company is currently in the process of permitting in West Virginia.
The DEP has confirmed that the Company's Dalton and Saffle permitting prospects will not be affected by the EPA's decision yesterday.
All current work on the West Virginia properties is being supervised by Mike Green of Green Engineering, Inc., who is a registered professional engineer in Philippi, West Virginia, and will be operating as the Company's qualified person under National Instrument 43-101. Mr. Green has reviewed the technical content of this news release and confirms its accuracy. Mr. Green is independent of the Company.
Investors are invited to visit the NAG IR Hub at http://www.agoracom.com/IR/NorthAmericanGem where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to NAG@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
North American Gem Inc. (TSX-V: 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 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. The Company has advanced the Louise Lake Copper-Gold-Molybdenum-Silver project, located in British Columbia and has produced a NI 43-101 compliant resource estimate (included in its NI 43-101 Technical Report dated July 14, 2006 and updated February 6, 2009, as filed on SEDAR). The Uranium projects include the Whiskey Gap and Western Basin in Alberta, the Mosquito Gulch property in the Northwest Territories and the Ranger Lake Uranium property in Ontario.
On Behalf of the Board of Directors NORTH AMERICAN GEM INC. "Charles Desjardins" Charles Desjardins President and Director
"Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release."
Cautionary note:
This report contains forward-looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.
Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
North American Gem Inc.
604-683-5445
info@northamericangem.com
430 - 609 Granville Street
Vancouver, BC, Canada V7Y 1G5
Phone 604-683-5445 // Facsimile 604-687-9631
info@northamericangem.com
www.northamericangem.com
TSX-Venture: NAG

