North American Gem Inc. (TSX VENTURE:NAG) reported that 759,775 common share purchase warrants outstanding in connection with a $1,007,000 non-brokered private placement financing that closed December 27, 2007 will have their expiry date extended as noted below. However, this is subject to , subject to TSX Venture Exchange approval.

The press release is quoted as saying:

North American Gem Inc. (TSX VENTURE:NAG) is a Junior Exploration Company based in Western Canada. The Company's primary goal is to explore for Coal in North America, currently the focus is in Kentucky, Saskatchewan, and West Virginia. In addition to Coal exploration, the Company also has interests in Uranium, Copper, Gold, Molybdenum and other base metals in Canada.

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