VANCOUVER, Canada, June 25 /PRNewswire/ --     North American Gem Inc. (TSX-V symbol: NAG) is pleased to announce the
acquisition of the Charles Lake Property, totaling approximately 46,000 acres
located along Charles Lake Shear Zone, northeastern Alberta, just north of
the Athabasca Basin.

One of the areas of interest for uranium exploration within the Charles
Lake area, is located along the Charles Lake Shear zone. The area is
comprised of foliated granitoids, basement gneisses, mylonitic rocks, and
high-grade metasediments (Godfrey, 1966), known as the Charles Lake
granitoid belt. The Charles Lake shear zone generally strikes north-south,
following the alignment of the basement gneisses that run along the north
shoreline of Lake Athabasca. This shear zone parallels the major fault
features of the region, which also trend north-south. These basement
gneisses, running along the shear zone, are flanked on both sides by the
granitoids. The basement gneisses span more than 30 kilometers east to
Andrew Lake, with the area between being highly faulted.

Numerous historical radioactive and REE showings have been documented
within the area between Charles and Andrew Lakes. These showings exhibit a
general spatial relationship to the dominate shear and fault zones within the
area. Near Charles Lake, there are over a dozen historical showings that
occur directly along shear zones. These include radioactive showings of
uranium, thorium, and REE's. A number of the showings occur in metasediments
within basement gneisses, with a majority hosted by pegmatite units within
the metasediments. Historical showings References: (Godfrey, 1966);
(Lanenberg et al, 1993)

Charles Desjardins says, "The Northwest and Southeast trending structures
at Charles Lake combined with the historical occurrences and our recently
complied airborne data from Bonny Fault, lead us to believe the Charles Lake
claim block will be a significant addition to our 160,000 acres Bonny Fault
Property."

An airborne geophysical program that was completed during 2006 at Bonny
Fault identified 276 linear and point-source uranium anomalies, and several
major structures of interest. In addition, there are at least 50 known
metallic mineral occurrences within the properties.

The 2007 summer exploration program will include the follow-up of an
estimated 41 priority airborne radiometric targets, time permitting. The
program will also target the zones of historic, high-grade, surface uranium
mineralization.

At the Big Bend Uranium Showing, which is located about 400-m west of
    Andrew Lake, Godfrey (1958) collected three samples during the 
    mid-1950's, as follows:
    ---------------------------------------------------------------------
     Sample No.                      U(3)O(8) %                      Mo %
    ---------------------------------------------------------------------
    JG-58-44-1A                        1.03                          0.69
    JG-58-44-1B                        3.93                          1.03
    JG-58-44-1C                        3.29                          1.40
    ---------------------------------------------------------------------
    (x) Figures in this chart were produced prior to NI 43-101.



"The Company has an aggressive exploration agenda for its current Uranium
properties and is currently entertaining several joint ventures possibilities
on its Uranium prospects," says Charles Desjardins.

The terms of the options agreement for a 100-per-cent interest in the
property require the company to make a total cash payment of CDN$105,000 and
to issue four hundred fifty thousand shares to the optionor. With payment of
CDN$32,500 and one hundred fifty thousand common shares upon signing, an
additional CDN$35,000 and one hundred fifty thousand common shares by the
first anniversary and an additional CDN$37,500 and one hundred fifty thousand
common shares by the second anniversary. The property is subject to a 
2-per-cent net smelter return royalty (NSR) for metals and a 2-per-cent Gross
Overriding Royalty (GORR) in the case of gemstones or other economic
minerals. This acquisition is subject to exchange approval.

The project is under the direction of Glenn S. Hartley P. Geol., who is
the qualified person for the project in accordance with the regulations of
National Instrument 43-101.

AGM HELD

North American Gem Inc. ("NAG") announces on June 22, 2007, the Company
held its Annual General Meeting. All agenda items, as outlined in the
circular, were approved, and all company directors were re-elected.

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. The Company is
actively pursuing several opportunities, including the Louise Lake
copper-gold-molybdenum-silver deposit located in British Columbia, Canada. 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,
Canada. In addition the Company is also pursuing its Mosquito Gulch uranium
property located in the North West Territories.

On Behalf of the Board of Directors

NORTH AMERICAN GEM INC.

"Charles Desjardins"

Charles Desjardins

President and Director

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this press release other than purely historical information, historical
estimates should not be relied upon, including statements relating to the
Company's future plans and objectives or expected results, are 
forward-looking statements. News release contains certain "Forward-Looking 
Statements" within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and uncertainties
inherent in the Company's business, including risks inherent in resource
exploration and development. As a result, actual results may vary materially
from those described in the forward-looking statements.

www.northamericangem.com