VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 16, 2007) - True North Gems (TSX VENTURE:TGX) is pleased to announce the completion and independent valuation of a select parcel of polished rubies and pink sapphires from the Company's 110 km2 property located near the village of Fiskenaesset, on the southwest coast of Greenland.

The results of the independent valuation of untreated, natural ruby and pink sapphire gemstones from the 2006 Aappaluttoq bulk sample show an average value of US$75.77 per carat for faceted stones and $36.46 for cabochons. The parcel returned an average value for all stones of US$54.78 per carat and a total value of US$16,940.

Independent Valuations of Aappaluttoq Ruby and Pink Sapphire
(US$ Polished Wholesale)
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                       Size Range   Price Range   Average Price     Total
Material                  (Carats)   (per Carat)     (per Carat)    Value
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Ruby Faceted            0.11-1.54      $25-$500             $77    $7,427
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Pink Sapphire Faceted   0.06-1.60      $20-$300             $73    $3,535
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Ruby Cabochon                           $30-$50             $36    $5,371
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Pink Sapphire Cabochon                  $30-$65             $44      $667
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                                                          Total   $16,940
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The value of this polished parcel, combined with the polished gemstones previously announced (see press release dated January 18, 2007), contribute US$40,066 to the overall valuation of the 30 tonne Aappaluttoq bulk sample. These components represent processing of a total of 361.7 grams of the 58,108 grams of gem grade material recovered from the 2006 Aappaluttoq bulk sample.

The latest material sent for polishing was a "select" parcel of the coarse gem from the reported 1,937 grams per tonne gem grade fraction (see press release January 16, 2007) and is not considered to be statistically representative of the gem class recovered from the 2006 Aappaluttoq bulk sample. A total of 400 pieces of rough weighing 221.7 grams (1,108.3 carats) were transmitted for polishing in Sri Lanka. A total of 402 polished rubies and pink sapphires, weighing 310.31 carats including both faceted and cabochon cut stones, were returned.

"While not representative of the gem class of the 2006 Aappaluttoq bulk sample, True North's management considers these results very encouraging," said Nicholas Houghton, A.G. (C.I.G.), Director of True North Gems. "It is important to note that, while the average per carat price is lower than those from previous valuations, the overall value of the parcel is enhanced by the higher yields typical of cabochons."

The polishing of the Aappaluttoq ruby and pink sapphire material is ongoing at facilities in Sri Lanka, Thailand, China and Canada. The results from the valuations of additional parcels of polished gemstones will be announced as they become available.

The independent valuation of the ruby and pink sapphire from Aappaluttoq was carried out by Mr. John Mattinson, Geologist, Gemmologist, G.G. (GIA).

The planning and execution of the ruby exploration and quality control programs at the 2007 Greenland ruby project are under the supervision of Greg Davison, P.Geo., True North Gems' Vice President Exploration. Mr. Davison is a qualified person as defined by National Instrument 43-101.

Additional information on the independent valuation, Greenland rubies, technical reports and other public documents are available at www.sedar.com or, at the company's website, www.truenorthgems.com.

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 Baffin sapphire property located on Baffin Island and the rights to earn 100% interest in the Fiskenaesset ruby and pink sapphire property in Greenland.

The Company relies on litigation protection for "forward-looking" statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

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