Gem International Updates Dala Project

Gem International Resources Inc.

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

Tel: (604) 871-9916 Fax: (604) 871-9926

Website: www.gemdiamondmining.com

TSX-V: GI

March 14, 2017

News Release

Gem International Updates Dala Project

Vancouver, British Columbia, Canada, March 14, 2017 – Gem International

Resources Inc. (the “Company”) (TSXV: GI) as disclosed in its news release dated

February 24, 2017, has completed a private placement through the issuance of 18,000,000

units at a price of $0.05 per unit. The funds will in part be used towards advancing its

Dala Project in Angola, which has potential for both new kimberlite discoveries and near

term alluvial diamond production. The property was previously explored by Moydow

Mines Ltd. during the period 2 004 – 2008 at a cost of over US $12 million. Moydow’s

program was focused on kimberlite exploratio n and discovered several kimberlite pipes

using detailed airborne and ground magnetic surveys. The historical data generated from

their program also defined multiple geophysical kimberlite targets, including those

confirmed by drilling. The kimberlites found were not comprehe nsively tested, and

numerous untested kimberlite targets remain to be evaluated on the property.

The Company is currently in the process of acquiring Moydow’s historical database, and

has commissioned an independent due diligence evaluation of the dataset, and the

preparation of a NI 43-101 level Independent Technical Report, and updated exploration

recommendations for the property.

Denis Hayes, the Company’s CEO stated “We are pleased with the successful completion

of our initial private placement, which we see as an initial turn-key event directed

towards developing the full potential of our Dala Project. The acquisition and due

diligence on the historical dataset will allow us to focus and fast track our kimberlite and

alluvial exploration of the property”.

Ian Ransome, Pri. Sci. Nat., who is a Qualified Person according to NI 43-101, has

reviewed and approved the content of this news release.

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.