True North Gems Announces Warrant Amendment

Vancouver – November 8, 2021 – True North Gems Inc. (TGX: TSX-V) (“True North” “TGX” or the “Company”) is pleased to announce that it is seeking TSX Venture Exchange approval to extend the term of 10,000,0000 warrants with an exercise price of $0.10 issued in connection with a private unit placment that closed February 21, 2019. The original expiry date of the warrants was February 21, 2022 and the extension date of expiry being applied for is February 21, 2024.

Andrew Lee Smith, Interim CEO On behalf of the Board of Directors of True North Gems Inc.

For further information, contact:

Email: [email protected]

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.