October 28, 2003

News Release: True North Gems'True Blue beryl discovery confirmed the first of its kind

True North Gems (TGX-TSX-V) is pleased to announce that Canada has a new gemstone. Consulting mineralogists and gemologists have confirmed that the blue beryl discovered on True North Gems' True Blue property this summer is a unique type of aquamarine, the first of its kind, durable, beautiful, rare and so far, priceless.

'We are extremely happy to confirm that a new gemstone has been discovered in Canada and credit the collaborative efforts of industry, academic and government resources for this important breakthrough. It also confirms our belief that a world-class gemstone district is emerging in the Canadian Yukon--A district in which True North Gems is at the forefront,'says Andrew Lee Smith, CEO and Chairman of True North Gems. The True Blue beryl was first reported in 1976 and rediscovered by True North Gems during the 2003 regional exploration program conducted in the Finlayson District of the Canadian Yukon. Bill Wengzynowski, President of Archer Cathro &Associates and Dr. Lee Groat, a Professor at the University of British Columbia Department of Earth and Ocean Sciences, made the find this summer.

'The True Blue beryl appears to be unique, one-of-a kind and is native to Canada. It is gemologically distinct from other precious stones. It most resembles an aquamarine, but is more blue in hue, deeper in tone, and higher in saturation, at times resembling a blue sapphire,'says William Rohtert, Consulting Gemologist.

More information will be made available during a webcast and press conference scheduled for today, October 28, 2003 at 1:30 pm. Eastern Time (10:30 am Pacific Time) at the Fairmont Hotel Vancouver--Cortez Island Room-- Vancouver B.C. Participants may join us by attending the press conference or by dialing 416-695-5806 or dial toll-free at 1-800-273-9672 five minutes prior to 1:30 pm Eastern Time (10:30 am Pacific Time). A question and answer session is available for participants. To listen and watch the webcast, please enter: http://www.newswire.ca/webcast/viewEventCNW.html?eventID(equal sign)668800 in your web browser.

True North Gems is a public company, listed on the TSX-Venture Exchange and is engaged in the exploration and development of North American gemstone deposits. The company is a pioneer in Canadian gemstone exploration and owns a 100-percent interest in the Yukon-based Regal Ridge property and in the Ontario-based Ghost Lake property. Regal Ridge and Ghost Lake host the only two confirmed emerald deposits in Canada.

Additional materials available upon request include:

- Biography and photograph of Andrew Lee Smith, Chairman and CEO, True North Gems

- Biography and photograph of Bernie Gaboury, President and COO, True North Gems

- Biography and photograph of Bill Wengzynowski, President of Archer Cathro &Associates

- Biography and photograph of Dr. Lee Groat, Professor, University of British Columbia

- True Blue Beryl photographs

- True Blue Beryl fact sheets

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release. WARNING: The Company relies on litigation protection for 'forward-looking'statements.

For further information: contact - Ken Shortt, Investor Relations, Telephone: (604) 687-8055 or 1-800-399-8055, ken(at)truenorthgems.com; http://www.truenorthgems.com

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