GEM International Private Placement Update

GEM INTERNATIONAL RESOURCES INC.

3467 Commercial Street, Vancouver, B.C. V5N 4E8 Telephone: (604) 871-9916 / Facsimile: (604) 871-9926

December 14, 2015 Symbol: GI News Release

GEM International Private Placement Update

December 14, 2015 — Gem International Resources Inc. (the “Company”) (TSXV: GI) reannounces that the Company is continuing to raise private placement proceeds of $800,000 for the sale of up to 16,000,000 units at a price of $0.05 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant for the purchase of one further common share of the Company within two years of the date of grant at the price of $0.15 per such common share. A portion of the net proceeds (US$300,000) shall be used for a nonrefundable deposit used by Global Gems for establishment of office, staff and geologists and project infrastructure. The balance of the funds shall be used for NI43-101 report writing, research, legal fees for supporting legal opinions, audit fees, traveling expenses corporate travel to raise balance financing to finance the first phase of work estimated at US$2,000,000 and provide unallocated working capital.

The Company also announces the granting of 500,000 incentive stock options to certain directors and consultants. These options are exercisable for up to two years at a price of $0.10 per share.

On behalf of the Board of

GEM INTERNATIONAL RESOURCES INC.

Per:

“Simon Tam”

Simon Tam, Director

Neither 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 press release.