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File: 15.07.28 GI NR- Angola propject.doc

GEM INTERNATIONAL RESOURCES INC.
3467 Commercial Street, Vancouver, BC V5N 4E8
Telephone: (604) 871-9916/ Facsimile: (604) 871-9926


July 28, 2015  Symbol: GI
News Release 
 
Gem International Resources Inc. (the "Company") (TSXV: GI) announces that it  is in negotiations for securing an inte
--->rest in certain diamondiferous concessions, known as the Dala concessions, located in the Republic of Angola. The proj
--->ect vendor is a private South African company that has extensive experience with profitably mining alluvial diamond de
--->posits in Angola. 

Angola represents one of the most compelling diamond exploration areas of the world. Not only does it have excellent g
--->eological credentials for hosting world-class deposits, but the fact that it was essentially closed to exploration for
---> nearly thirty years from the early seventies 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 northeas
--->tern Angola. The concession covers an area of 3,000 km2 within the heart of the highly prospective and productive diam
--->ond region of Angola, only 25 km south of the world-class Catoca Diamond Mine. Catoca is the fifth largest diamond min
--->e 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 US$ 594 million.
 
Dala represents an early stage project with excellent potential for the discovery of both alluvial and kimberlite depo
--->sits. Previous exploration conducted by Moydow Mines International Inc. (a public company listed on the TSX Exchange a
--->nd AIM Exchanges) between 2004 and 2008 included a 15,000 line kilometre airborne geophysical survey over the entire c
--->oncession 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 4 kimberlite pipes. Moydow was forced to a
--->bandon the project in early 2009 due to the significant negative impacts on the exploration and mining industry stemmi
--->ng from the Global Financial Crisis.
  
From an alluvial perspective, the Dala Concession has two of the most prominent diamond mineralised rivers in Angola f
--->lowing 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 gari
--->mpeiro 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 recognises that such reports may not be relia
--->ble).
 
Subject to successfully concluding an option agreement with the vendors of the Dala Concession and TSX Venture Exchang
--->e approval, the initial focus will be on evaluating the alluvial potential of the project with a view to rapid progres
--->sion 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 explorati
--->on and evaluation of the alluvial deposits has been completed and/or at the time when a revenue stream is achieved fro
--->m the alluvials, a systematic approach to kimberlite exploration will be developed and implemented funded by the cash 
--->flow generated from the alluvial operations. Such a strategy will serve to minimize shareholder dilution resulting fro
--->m the need for continued equity financings.  

Bruce A. Counts (P.Geoph.), a qualified person under NI 43-101, has reviewed and approved the contents of this news re
--->lease.


On behalf of the Board of
GEM INTERNATIONAL RESOURCES INC.

Per:
"Simon Tam"
Simon Tam, Director


Neither 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 press release.