Gem International Resources Inc. Announces Increase in Private Placement Offering

GEM INTERNATIONAL RESOURCES INC.

3467 Commercial Street, Vancouver, B.C. V5N 4E8

Telephone: (604) 871- 9916 / Facsimile: (604) 871-9926

February 1, 2017 Symbol: GI

News Release

Gem International Resources Inc. Announces Increase in Private Placement Offering

February 1, 2017 — Further to its news release of January 24, 2017 and January 25, 2017, Gem

International Resources Inc. announces that it is increasing its offering from $500,000 to an

offering of up to $900,000 for the sale of up to 18,000,000 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.  

The Financing is subject to regulatory approval and customary resale restrictions.

A maximum allowable finder’s fee for funds raised may be payable in cash, shares or warrants in

accordance with the policies of the TSX Venture Exchange.

On behalf of the Board of

GEM INTERNATIONAL RESOURCES INC.

Per:

“Denis Hayes”

Denis Hayes, CEO / 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.