TGX True North Gems Inc

True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") announces
it has entered into an agreement to sell its 100% interest in the Bandito
project in the Yukon Territory to Endurance Gold Corporation (TSX VENTURE:EDG)
("Endurance") for a combination of shares and cash. 


True North President and CEO Nick Houghton said: "The Bandito project was a
non-core asset for the Company; as such this sale ensures all focus remains on
moving the Aappaluttoq ruby project in Greenland into commercial production."


Under the agreement, Endurance will pay True North five million Endurance common
shares and $50,000 cash following TSX Venture Exchange acceptance of this
agreement. One million of the common shares will be subject to the standard hold
period, while the remaining four million shares will be issuable in two tranches
of two million shares each. The hold periods of these two tranches expire on
July 1, 2013 and December 31, 2013, respectively. 


True North has reserved a 1% net smelter royalty ("NSR"), with Endurance having
the right to purchase one-half of the NSR at any time upon payment of $1
million. A further cash payment of $500,000 will be payable to True North in two
tranches with the initial $150,000 payable upon completion and filing of a
bankable feasibility study on the Bandito project, with the balance to be paid
after project financing has been obtained to place the Bandito project into
commercial production. 


The Bandito property is located in the Yukon Territory, east of Watson Lake, and
was discovered by True North in 2003. True North geologists discovered nickel
and copper prospects over a quartz-sericite-pyrite alteration zone, and several
years of exploration were conducted in the 2003-2008 period. Since 2010 the
project has been under option to Endurance. This agreement replaces any existing
contract between EDG and TGX. The transaction is subject to TSX Venture Exchange
approval.


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: 
True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055 or 1-800-399-8055


True North Gems Inc.
Meghan Brown
Corporate Communications
604-687-8055 or 1-800-399-8055
info@truenorthgems.com
www.truenorthgems.com

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