Amended and Restated Financial Statements and Mda

Vancouver –June 15, 2020 – True North Gems Inc. (TGX: TSX-V) ( the “Company”) announced today that is has filed its amended and restated financial statements and corresponding management, discussion and analysis for the years ended December 31, 2019 and 2018 and its amended and restated condensed interim financial statements and corresponding management, discussion and analysis for the three month period ended March 31, 2020. Both filings are available under the Company’s profile on SEDAR at www.sedar.com.

In addition, the Company reports that Mr. Andrew Smith has joined the board to fill the vacancy resulting from the resignation of Zygmunt Riddle, as a director on Friday June 12, 2020.

On behalf of the Board of Directors of True North Gems Inc.

Ken Ralfs, CEO

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.