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TGX.V ·

Dissemination IN the U.s. True North Gems Inc.

Corporate Updates

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE U.S.

TRUE NORTH GEMS INC.

VANCOUVER, BC, July 14, 2017 – True North Gems Inc. (TSXV: TGX) (the “ Company ”) reports,

further to is news release issued earlier today, Mr . Anderson had not stood for re-election at the

Company’s last Annual Meeting held on September 23, 2016. Accordingly, the Board of the Company,

has, as of July 11, 2017 accepted the resignations of Messrs. Robert T. Boyd, Peter Friedmann, David S .

Parsons, John Ryder and Raymond N Simpson. The rem aining Board Member, Mr. Andrew Smith is

pleased to welcome Messrs. Ken Ralfs of Victoria, B C and Glen Macdonald, P Geo., of Vancouver, BC,

each of whom has agreed to join Mr. Smith on the Board.

Ken Ralfs and Glen Macdonald are directors and/or s enior officers of a number of Canadian listed

resource companies.

For further information please contact:

True North Gems Inc.

“Glen Macdonald”

Glen Macdonald, Director

[email protected]

Trading in securities of True North Gems Inc. shoul d be considered highly speculative.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor sh all there be any sale

of the securities in any state in which such offer, solicitation or sale would be unlawful. The secur ities issued, or to

be issued, under the Concurrent Financing have not been, and will not be, registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registr ation or an

applicable exemption from registration requirements.

This news release contains forward-looking informat ion, which involves known and unknown risks, uncert ainties

and other factors that may cause actual events to d iffer materially from current expectations. Importa nt factors –

including the availability of funds, the results of financing efforts and the parties’ due diligence r eviews, and general

market conditions – that could cause actual results to differ materially from the Company's expectatio ns are

disclosed in the Company's documents filed from tim e to time on SEDAR (see www.sedar.com). Readers ar e

cautioned not to place undue reliance on these forw ard-looking statements, which speak only as of the date of this

press release. The company disclaims any intention or obligation, except to the extent required by la w, to update or

revise any forward-looking statements, whether as a result of new information, future events or otherwise.

We seek safe harbour.