True North Gems Announces Changes to the Board

True North Gems Announces Changes to the Board

Vancouver – August 15, 2019 – True North Gems (TSX-V: TGX) ("True North" or the "Company") is pleased to

announce the following changes to its Board of Directors.

Mr. Glen Macdonald has resigned as a director. Mr. Ralf Hillebrand, a businessman based in Langley, BC has been

appointed to fill the vacancy. The Company thanks Mr. Macdonald for his contributions to date.

Andrew Lee Smith, Interim CEO

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

For further information, contact:

Email: [email protected]

Neither the 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 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) referred 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”, “anticip ates”, “plans”, “projects”, “estimates”, “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 expressions) 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 up on

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 estimated 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, reg ulatory restrictions (including environmental regulatory restrictions and

liability), activities by governmental authorities (including changes in taxation), currency fluctuations, 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 discl osure 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.

The comments above are provided Without Prejudice.