VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2015) - True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") is pleased to announce that it has commenced the concrete pour at the Aappaluttoq Ruby Project processing plant. The construction of the corundum and gemstone recovery facility is a major milestone on the project's critical path that remains on schedule. Blasting for the plant's foundations was initiated in late summer and specialized concrete work is expected to conclude by the end of October. The erection of the building's structural steel, already on site, will follow in due course. The plant building envelope and insulation is due to be completed by November enabling the installation of the temperature sensitive crushing and recovery circuits.

True North's joint venture partners, LNS Greenland, have continued to make significant progress on infrastructure development, including:

  • The pouring of the concrete floor and the raising of the structural steel at the workshop. Installation of the wall and ceiling panels is underway;
  • All external cladding has been installed at the camp, with all buildings now fully insulated, allowing the carpentry crews to assist in fitting out the workshop area;
  • The lowering of the Northern lake has been successful and enabled the construction of a work trail from the process plant building to the secured main pit area;
  • Installation of full site security measures is now underway;
  • Installation and permitting of the main explosives depot - allowing the temporary facility at the outer port to be decommissioned;
  • Further construction work at the outer port.
  • All required permits for the camp have been granted allowing full operational status.

Geological teams are currently on-site to assess the second drainage channel near the pit; once complete, this will initiate the lowering of the southern lake and allow further access to the extraction area.

Progress reports will continue to be issued as future construction milestones are met; these will usually be accompanied by new photographs from the mine site which can be viewed in the "Projects" section under the "Greenland Ruby" tab on the company's website:

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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.

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, 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.

Contact Information:

True North Gems Inc.
Nicholas Houghton, President and CEO or
Stephanie Delaney, Corporate Coordinator