True North Gems Inc. Arranges $400,000 Private Placement ANNOUNCES PRIVATE PLACEMENT TO EXISTING SHAREHOLDERS and OTHER INVESTORS

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TRUE NORTH GEMS INC.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES.

True North Gems Inc. Arranges $400,000 Private Placement

ANNOUNCES PRIVATE PLACEMENT TO EXISTING SHAREHOLDERS and OTHER INVESTORS

Vancouver, British Columbia – April 13, 2018 : True North Gems Inc. (“ TGX” or the

“Company”) (TSXV-TGX) has arranged a non -brokered private-placement offering for total

gross proceeds of up to $400,000. Pursuant to the offering, TGX will issue a total of up to 80

million units at a price of half of one cent per unit. Each Unit shall be comprised of one common

share and one warrant exercisable at $0.005 for a period of 60 days and $0.015 thereafter

for 10 months. The Company will undertake to consolidate it shares on a minimum of ten

(10) old shares for one (1) new share basis prior to October 13, 2018.

TGX plans to seek a discretionary waiver from the five-cent minimum pricing requirement by

the TSX Venture Exchange pursuant to the TSX -V bulletin dated April 7, 2014. There is no

assurance that the TSX -V will approve this financing. A finder's fe e may be pai d by the

Company, in connection with the offering, in accordance with the policies of the TSX-V.

The offering is open, subject to certain limitations discussed as follows, t o existing

shareholders of the Company who, at the close of business on April 12, 2018, held common

shares of the C ompany (and who continu e to hold common shares of the C ompany at the

time of closing of the offering), pursuant to the prospectus exemption set out in Multilateral

CSA Notice 45-313, and the various corresponding blanket o rders and rules of participating

jurisdictions (the existing shareholder exemption is not available in Ontario or Newfoundland

and Labrador). The total acquisition cost to a subscriber under the existing shareholder

exemption cannot exceed $15,000 unless t hat subscriber has obtained advice from a

registered investment dealer regarding the suitability of the investment. There is a minimum

subscription amount of $ 5,000. Any existing shareholder interested in participating in the

offering should contact the Company.

If subscriptions received for the offering based on all available exemptions exceed t he

maximum offering amount of $400,000, subscriptions will be accepted at the discretion of the

Company, such that it is possible that a subscription received from a shareholder may not be

accepted by the C ompany if the offering is oversubscribed. In accordance with the exist ing

shareholder exemption, the C ompany confirms there is no material fact or material change

related to the Company which has not been generally disclosed.

Existing shareholders of the C ompany are directed to contact the C ompany for further

information concerning subscription for shares pursuant to the existing shareholder

exemption, as follows.

Contact person: Glen Macdonald, Director

Telephone: 604-719-8129

E-mail: [email protected]

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In addition to using the existing shareholder exemption, the offering will also be conducted

pursuant to other available prospectus exemptions, including sales to accredited investors,

as well as family members, close friends and business associates of directors and officers of

the Company.

The Company may also rely upon the exemption set out in B.C. Instrument 45 -536 --

exemption from prospectus requirement for certain distributions thr ough an investment

dealer.

In accordance with the requirements of the in vestment dealer exemption, the C ompany

confirms that there is no material fact or material change related to the Company which has

not been generally disclosed, except as otherwise disclosed herein.

TGX intends to use the proceeds of the offering for maintaining and advancing its Baffin Island

Mineral project, retiring existing indebtedness, and for continuing general corporate and

working capital purposes. A breakdown of the intended us e of proceeds for the ensuing 3 -

month period is shown in the attached table.

Purpose Maximum

Professional fees (audit, legal and accounting) $20,000

Shareholder expenses (transfer agent fees) $5,000

AGM expenses $15,000

Share issuance expenses (TSX-V fees) $9,000

TSX-V Annual fees 2017 $ 7,000

Maximum finders' fee $40,000

2018 Baffin Island Work Program $50,000

Consultant Business Evaluation and Sourcing Fees $50,000

Repayment of outstanding liabilities $100,000

General working capital $104,000

Gross proceeds $400,000

Although the Company intends to use the proceeds of the offering as described in the attached

table, the actual allocation of net proceeds may vary from the uses set forth above, depending

on future operations or unforeseen events or opportunities. If the offering is not full y

subscribed, the Company will apply the proceeds of the offering to the above uses in priority

and in such proportions as the board of directors and management of the Company determine

in the best interests of the Company.

The common shares issued to subscribers resident in Canada in the offering will be subject to

a statutory four -month hold period. The offering is subject to certain closing conditions,

including, but not limited to, the receipt of applicable regulatory approvals including approval

of the TSX-V and the completion of required regulatory filings with the TSX-V.

Contact

For further information, contact Glen Macdonald, Director of True North Gems at: (604) 719-

8129

Cautionary and Forward-Looking Statements

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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.

Certain information in this news release may contain forward-looking statements that involve

substantial known and unknown risks and uncertainties. These forward -looking statements

are subject to numerous risks and uncertainties, certain of which are beyon d the control of

Columbus, including but not limited to, the uncertainty of the financing, the impact of general

economic conditions, industry conditions, dependence upon regulatory approvals. Readers

are cautioned that the assumptions used in preparing su ch information, although considered

reasonable at the time of preparation, may prove imprecise and undue reliance should not be

placed on forward-looking statements. Forward-looking statements in this press release are

expressly qualified by this cautionary statement.

The forward-looking statements in this press release are made as of the date of this press

release, and the Company undertakes no obligations to update publicly or to revise any of the

included forward-looking statements, whether because of ne w information, future events or

otherwise, except as expressly required by applicable securities law.