True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") is
pleased to confirm the dates announced by the Government of Greenland for the
formal Public Hearings relating to the Aappaluttoq Ruby Project. 


The Public Hearing meetings will be held on August 26th in Qeqertarsuatsiaat
(Fiskenaesset), August 27th in Paamuit, and August 29th in Nuuk, Greenland.


"After the highly successful Company sponsored Information Meetings we look
forward to starting the formal government sponsored Public Hearings and are
enthusiastic to share the platform with the Bureau of Minerals and Petroleum
("BMP")," stated Nicholas Houghton, President and CEO of True North Gems "Our
team encourages all stakeholders to attend and hope the constructive engagement
from the local communities will achieve the high level experienced during the
Information Meetings. We look forward to moving the Aappaluttoq project one step
closer to construction. "


The Public Hearings form part of the Social Impact Assessment ("SIA") and the
Environmental Impact Assessment ("EIA"), and are run by the Government of
Greenland. The Minister of Industry and Minerals, and the Minister of the
Environment will lead the Greenland Government delegation. Senior
representatives from True North and LNS Greenland A/S together with key
consultants will attend the Hearings. The BMP has engaged KompetenceKompagniet
who will provide a moderator. The moderator will lead discussion and ensure all
questions are answered. All meetings will commence at 7.00 pm local time and are
located at the venues summarized below: 




Date         Community                           Location                   
26th August  Qeqertarsuatsiaat (Fiskenaesset)    Forsamilingshus            
                                                 (Community Centre)         
27th August  Paamuit                             Forsamilingshus            
                                                 (Community Centre)         
29th August  Nuuk                                Katuaq                     
                                                 (Cultural Centre)          



This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


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", "anticipates", "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 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 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, regulatory 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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nicholas Houghton
President and CEO
604-687-8055
info@truenorthgems.com


Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

True North Gems (TSXV:TGX)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more True North Gems Charts.
True North Gems (TSXV:TGX)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more True North Gems Charts.