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TRUE NORTH GEMS INC ANNOUNCES ANNUAL GENERAL MEETING RESULTS

Vancouver - May 06, 2024 - True North Gems Inc. (TSXV: TGX, or the "Company") has released the results of its annual general meeting (AGM) held on Friday, May 3, 2024. All resolutions presented to the shareholders were approved with over 99 per cent of votes cast being in favour of each resolution.

"I'd like to welcome our newly elected directors," commented Owen King, True North's chief executive officer. "I look forward to their contributions to the growth of the Company in the ensuing year. "

As a result of the approved resolutions:

Saturna Group Chartered Professional Accountants LLP were re-appointed as auditor of the Company.

Four directors were elected: Owen King, George Mendez, Jordan Calvert and M. Bilal Bhamji.

The Company's 10% rolling stock option plan was re-approved.

On behalf of the Board of Directors of True North Gems Inc.

"Owen King" (signed)

Owen King CEO & Director 604-618-1835

For further information, contact: Email: info@truenorthgems.com

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.