TSX-Venture: NAG
    Continues to add to its Coal permitting position in this new region

    VANCOUVER, May 14 /PRNewswire-FirstCall/ - North American Gem Inc.
(TSX-V symbol: NAG) has signed an agreement with Adamas Minerals Corp.
(Adamas) of Prince Albert, Saskatchewan to grant North American Gem Inc.
exclusive rights to coal, oil shale's and or all hydrocarbon discoveries on
a land package on which coal permit applications have been submitted for,
West of Hudson Bay, Saskatchewan. Included in this new potential land
package acquired from Adamas, the Company has also submitted coal permit
applications for another 578,234 acres, in addition to the previous acreage
as stated in the Monday May 12, 2008 release. This now brings the current
total land staking to approximately 927,613 acres, more than doubling our
current application.

    In 2007, Adamas was exploring a magnetic anomaly thought to be a
kimberlite target in proximity to the most recent discovery by Goldsource
Mines Inc. (TSX-V symbol: GXS) (Goldsource), in western Saskatchewan which
has been recently shown to have a major potential for regional coal
deposits. During this exploration program Adamas discovered a coal seam in
the Cretaceous rock (Mannville Group Rocks) sequence containing coal
similar to Goldsource. This 4 meter intercept is currently on a rush assay
to Loring Laboratory out of Calgary, Alberta. This is same Laboratory that
Goldsource had used and was chosen to maintain assay continuity.

    Adamas has collected proprietary aeromagnetics data for the area of
interest that has been made available to North American Gem Inc. to be used
to further evaluate the area for coal deposits and other minerals that may
be found therein. Historical data and reports suggest that coal is present
to the north edge of the Cretaceous rock sequence along the shores of
Wapawekka Lake to the north of the Adamas discovery and the reports further
suggests that the Wapawekka out crop is likely associated with a larger
deposit to the south. The Adamas intercept is directly south of Wapawekka
Lake along the low lying basin adjacent to the south east of the Narrow
Hills Uplands.

    Goldsource made a significant coal discovery also while drilling for
kimberlites in a low lying basin south east of the adjacent uplands at
Pasquia Hills to the south east of the Narrow Hills intercept. The
occurrence at Pasquia is roughly 80-100 km south east of the Narrow Hills
and both have similar topographical features and are in the same Cretaceous
rock sequence.

    The Bow River coal outcrop occurs roughly 80-100km north west following
the same topographic uplands leading edge which is patterned to the
Canadian Shield boundaries lying north west to south east as both the
Narrow Hills and Pasquia Hills are suggesting that the coal occurrences at
the Bow River to the north west Wapawekka Lake and Narrow Hills central and
the Pasquia Hills south east are associated with the same geological
structures that would allow coal to have developed and remain intact
through the glacial erosion. The regional topography clearly seen on the
sedimentary basin coverage in central Saskatchewan is suggestive of similar
topographic features that are highlands off set by adjacent low lands that
were subject to high degrees of erosion. The continuity of coal from the
Bow River out crop in the north west and the major coal discovery at
Pasquia Hills Places the Wapawekka and Narrow Hills occurrence in the
central portion of the regional known coal occurrences and provides the
opportunity to further explore the region for additional deposits.

    Air-Borne Electromagnetic surveys are well suited for regional
exploration of this nature and given the known location of the Adamas Coal
intercept it is likely to provide a fast track to defining regional drill
targets.

    Charles Desjardins, President of North American Gem Inc. said, "We are
excited to be a part of this discovery to the Northwest of Hudson Bay,
Saskatchewan. We believe that this intercept along with the Goldsource find
represents the possibility of a much larger coal system."

    The terms of the agreement are as follows:

    North American Gem Inc. will pay $7,500 and 500,000 common shares of
the Company to Adamas Mineral Corp. upon signing of the agreement.

    North American Gem Inc. will pay an additional 500,000 common shares of
the Company once drilling has commenced.

    The Company will confirm permit grants as documentation is received
regarding these coal permits that have been forwarded to the government of
Saskatchewan's permitting office. The time frame will be determined by the
permitting office. North American Gem Inc. has submitted money in trust to
the Saskatchewan permitting office.

    North American Gem has made a commitment to be active in Saskatchewan
for the exploration of coal, whether it be through successful staking by
the Company or through joint venture opportunities. The recent coal
discovery by Goldsource Mines Inc. of bituminous coal in two drill holes
1600 meters apart, suggests the potential for a much larger coal system.
Goldsource believes the coal it encountered is from the Mannville/Swan
River Group of Creataceous age (Goldsource Mines Inc., Release May 5,
2008). Coal structures of the Creataceous age are generally very large and
can encompass several thousand square kilometers.

    Mike Magrum, PEng, a qualified person under National Instrument 43-101,
has approved the technical content of this news release.

    About North American Gem Inc.

    North American Gem Inc. (TSX-V symbol: NAG) is a junior exploration
Company based in Western Canada. The Company's primary goal is to explore
for Uranium, Molybdenum, Gold, Copper, and other base metals in Canada. The
Company is actively pursuing several opportunities, including the Louise
Lake copper-gold-molybdenum-silver project located in British Columbia. The
Company is also pursuing its uranium projects, consisting of the Whiskey
Gap, Del Bonita, Western Basin, and Bonny Fault projects, all located in
Alberta. In addition the Company is also pursuing its Mosquito Gulch
uranium property located in the North West Territories and the Ranger Lake
Uranium property located in Ontario.



    On Behalf of the Board of Directors
    NORTH AMERICAN GEM INC.

    "Charles Desjardins"

    Charles Desjardins
    President and Director

    THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
    RELEASE.

    Cautionary note:
    This report contains forward looking statements, particularly those
regarding cash flow, capital expenditures, and investment plans. Resource
estimates, unless specifically noted, are considered speculative. The
company has filed a National Instrument 43-101 resource estimate on the
Louise Lake property. 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.

    CONTACT: 430 - 609 Granville Street, Vancouver, BC, Canada, V7Y 1G5,
Phone (604) 683-5445, Facsimile (604) 687-9631, info@northamericangem.com,
http://www.northamericangem.com

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