Mr. Simon Tam reports

Gem International Resources Inc. is in negotiations for securing an interest in certain diamondiferous concessions, known as the Dala concessions, located in the Republic of Angola. The project vendor is a private South African company that has extensive experience with profitably mining alluvial diamond deposits in Angola.

Angola represents one of the most compelling diamond exploration areas of the world. Not only does it have excellent geological credentials for hosting world-class deposits, but the fact that it was essentially closed to exploration for nearly 30 years from the early 1970s until 2002 means that it is significantly underexplored.

The Dala concession is located immediately south of the city of Saurimo, the capital of Lunda Sul province in northeastern Angola. The concession covers an area of 3,000 square kilometres within the heart of the highly prospective and productive diamond region of Angola, only 25 km south of the world-class Catoca diamond mine. Catoca is the fifth-largest diamond mine in the world by reserve (189 million carats) and has an expected mine life of 30 years. In 2013, Catoca produced 6.6 million carats of rough diamonds that generated revenues of $594-million (U.S.).

Dala represents an early stage project with excellent potential for the discovery of both alluvial and kimberlite deposits. Previous exploration conducted by Moydow Mines International Inc. (a public company listed on the TSX Venture Exchange and Alternative Investment Market) between 2004 and 2008 included a 15,000-line-kilometre airborne geophysical survey over the entire concession and 102 follow-up ground magnetic survey grids. A total of 29 compelling exploration targets were identified from this work of which 11 were drill tested resulting in the discovery of four kimberlite pipes. Moydow was forced to abandon the project in early 2009 due to the significant negative impacts on the exploration and mining industry stemming from the global financial crisis.

From an alluvial perspective, the Dala concession has two of the most prominent diamond mineralized rivers in Angola flowing through it, namely the Tchicapa and Luachimo Rivers, and exposure to over 100 km of prospective river length to explore and evaluate. Evidence for the presence of alluvial diamond mineralization is provided by the presence of garimpeiro activity (local artisanal miners) at numerous locations along both rivers, together with verbal reports of the recovery of large high-value diamonds from these operations (the company recognizes that such reports may not be reliable).

Subject to successfully concluding an option agreement with the vendors of the Dala concession and TSX Venture Exchange approval, the initial focus will be on evaluating the alluvial potential of the project with a view to rapid progression to cash flow generation. Part of the anticipated joint venture arrangement would be that the project vendor will contribute its local knowledge and alluvial operational expertise to the project. After the initial phase of exploration and evaluation of the alluvial deposits has been completed and/or at the time when a revenue stream is achieved from the alluvials, a systematic approach to kimberlite exploration will be developed and implemented financed by the cash flow generated from the alluvial operations. Such a strategy will serve to minimize shareholder dilution resulting from the need for continued equity financings.

Bruce A. Counts (PGeoph), a qualified person under NI 43-101, has reviewed and approved the contents of this news release.