Mr. John Barr reports

GEM INTERNATIONAL RESOURCES INC. ANNOUNCES PROPOSED NAME CHANGE TO NORSEMAN CAPITAL LTD.

Gem International Resources Inc. intends to change its name to Norseman Capital Ltd.

Completion of the name change is subject to the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. Pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the company, shareholder approval for the name change is not required and, consequently, the company is not seeking shareholder approval for the name change.

We seek Safe Harbor.