Mr. Glen Macdonald reports

TRUE NORTH GEMS ANNOUNCES INTENTION TO CONSOLIDATE SHARES

True North Gems Inc. intends to seek the necessary approvals to consolidate its common shares and continue its domicile from the Yukon to British Columbia.

The company has called an annual and special meeting of its shareholders for Monday, Jan. 21, 2019, at 8 a.m. PT. The meeting will be held at the company's head office at 700-1055 West Georgia St., Vancouver, B.C. The company's shareholders will be asked to consider and approve a share consolidation on the basis of one new common share of the company for up to every 10 existing common shares of the company, or such lower number of existing shares as may be determined by the board of directors of True North Gems and as may be required to obtain approval of the consolidation from the TSX Venture Exchange.

The principal effect of the consolidation will be that the number of shares of the company issued and outstanding will be reduced from 35,773,541 existing shares as of the date hereof to approximately 3,577,354 new shares, assuming a consolidation ratio of one new share for 10 old shares.

The consolidation of capital and continuance to B.C. are subject to approval by the TSX-V. The company does not intend to change its name or its current trading symbol in connection with this proposed share consolidation. The board of directors believes that the proposed share consolidation will better position the company to raise the capital it requires to finance continuing business activities and to seek additional opportunities. The continuance will facilitate the administration of the company's corporate records as the company's head office is in Vancouver, B.C.

We seek Safe Harbor.