True North Gems A.G.M. Results

True North Gems A.G.M. Results

Vancouver – February 1, 2018 – True North Gems Inc. (TGX: TSX -V) (“True North” “ TGX” or the “Company”) is

pleased to announce voting results from its Annual Meeting of Shareholders held on Monday, January 29 th in

Vancouver, BC.

A total of 41,090,376 million common shares, representing approximately 13 .35% of the Company's issued and

outstanding common shares were voted in connection with the meeting. True North shareholders voted in favor

of all items of business, including the election of the Board for the ensuing year :

Ken Ralfs

Glen Macdonald

Mr. Andrew Lee Smith

True North shareholders voted in favor to re-appoint PricewaterhouseCooper LLP as auditors, in favor of the Stock

Option Plan and 82 .9% in favor of a share consolidation of up to ten(10) old shares for one(1) new share basis.

Further de tails of the matters considered and approved at the Meeting are contained in the Circular dated

December 18, 2017, which is available on SEDAR at www.sedar.com

“Andrew Lee Smith”

Andrew Lee Smith, Interim CEO

On behalf of the Board of Directors of True North Gems Inc.

For further information, contact:

Email: [email protected]

www.truenorthgems.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX V enture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) within the

meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referr ed to herein.

Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance

(often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “est imates”, “intends”, “strategy”,

“goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken,

occur or be achieved, or the negative of any of these terms and similar expr essions) are not statements of historical fact and may be

forward-looking statements. Forward- looking statements include, without limitation, statements with respect to: the amount of mineral

reserves and mineral resources; the amount of future production over any period; net present value and internal rates of return of the

proposed mining operation; capital costs; operating costs; strip ratios and mining rates; and mine life. The forward-looking statements are

made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company

to be materially different from future results, performances or achievements expressed or implied by the forward- looking statements.

These assumptions include, without limitation: the price of gemstone products produced; anticipated costs; the presence of and continuity

of gemstones at modeled grades and values; the capacities of various machinery and equipment; the availability of personnel, machinery

and equipment at esti mated prices; exchange rates; appropriate discount rates; tax rates applicable to the proposed mining operation;

financing structure and costs; anticipated mining losses and dilution; gemstone recovery rates; reasonable contingency requirements; and

receipt of regulatory approvals on acceptable terms. By their very nature, forward- looking statements involve inherent risks and

uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward- looking

statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves

and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental

regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluc tuations, the

speculative nature of gemstone exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees;

additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the

risks disclosed in the Company’s other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the

Company’s management’s discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any

forward-looking statements, except as otherwise required by applicable securities legislation.