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 June 2, 2016

News Release

Private Placement Closed

Vancouver, British Columbia, Canada, June 2, 2016 – Gem International Resources Inc. (the “Company”) (TSXV: GI) has closed the first tranche of the non-brokered private placement previously announced on March 29, 2016 and May 12, 2016 through the issuance of 16,120,000 units at a price of $0.05 per unit for gross proceeds of $806,000. Each unit consists of one common share and one 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 15 cents per share. All of the securities issued under the private placement are subject to a four-month hold period expiring October 1, 2016.

Gem International Resources Inc.

“Simon Tam”

Simon Tam Director

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