Private Placement Closed

Gem International Resources Inc.

3467 Commercial Street, Vancouver, B.C. V5N 4E8 Tel: (604) 871-9916 Fax: (604) 871-9926

TSX-V: GI January 22, 2015

News Release

Private Placement Closed

Vancouver, British Columbia, Canada, January 22, 2015 – Gem International Resources Inc. (the “Company”) (TSXV: GI) has closed the first tranche of the nonbrokered private placement previously announced on December 3, 2014 through the issuance of 7,020,000 units at a price of $0.05 per unit for gross proceeds of $351,000. Each unit consists of one common share and one-half share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of the Company for a term of two years from the date of closing at a price of 10 cents per share. All of the securities issued under the private placement are subject to a four-month hold period expiring May 21, 2015.

Gem International Resources Inc.

“Simon Tam”

Simon Tam Director

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