DRAPER, UT--(Marketwire - May 14, 2012) - Gold and GemStone Mining Inc. (OTCBB: [ GGSMD ]), an alluvial diamond and gold exploration and development stage mining company focused on Sierra Leone, West Africa has opened its mining development office in the Country's Capital, Freetown.

GGSM has moved into the new premises, thus marking the starting point of its activities in Sierra Leone. The purpose for the office is to act as a central point for the continued development of the Company's 3 mining concessions held in the Kono District, Sierra Leone's main mining district. GGSM is in the process of finalizing its exploration plans for its first mining concession, which management expects to begin production on within 6 months.

"I am looking forward to expanding our new presence in Sierra Leone," Tom Tucker, Operations Director of GGSM says. "Our Freetown office will initially act as a hub from which to roll out final exploration activities and the commencement of full scale mining operations."

The offices are located in Freetown, the economic hub and major population center for Sierra Leone.

About Gold and GemStone Mining Inc.
Gold and GemStone Mining, Inc. is an exploration stage company that will engage in the acquisition, exploration, and development of Diamond and Gold properties around the world. Integral to our plan is to form strategic alliances and joint ventures with gold and diamond mining companies.

For more information please visit [ www.ggsmining.com ]

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.