Gemini Corporation Announces Closing of Non-Brokered Private Placement Financing of $3,900,000, Creation of New Control Perso...

Gemini Corporation ("Gemini" or the "Corporation") (TSX VENTURE:GKX) announces
that it has closed the previously announced non-brokered private placement (the
"Financing") of 19,500,000 units of Gemini ("Units") at a price of $0.20 per
Unit for aggregate gross proceeds of $3,900,000, with each Unit consisting of
one common share in the capital of Gemini (a "Common Share") and one Common
Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof
to purchase one Common Share at a purchase price of $0.25 for a period of two
years from the date of issue. The Common Shares and Warrants issued under the
Financing are subject to a four month and one day resale and transfer
restriction under applicable securities laws and policies of the TSX Venture
Exchange.


Upon closing of the Financing, Coril Holdings Ltd. ("Coril") has become a
"Control Person" of Gemini, as defined by the policies of the TSX Venture
Exchange. The Financing and the resulting creation of a new Control Person was
approved by the shareholders of Gemini at the special meeting of the
shareholders held on November 8, 2012. Pursuant to the terms of a subscription
agreement dated September 20, 2012 between Coril and Gemini, Coril acquired
15,000,000 Units at a price of $0.20 per Unit for gross proceeds of $3,000,000.
The Common Shares comprising part of the Units acquired by Coril pursuant to the
Financing represent approximately 27.4% of the total issued and outstanding
Common Shares on an undiluted basis as of the date of this news release. The
remaining 4,500,000 Units were subscribed for by the new directors and Gemini
management personnel.


As previously announced in Gemini's news release dated September 21, 2012, as
part of the Financing, Messrs. Carl Johnson, Carl Smith, Nolan Blades, Ron
Dooley, Terry Gomke and Jim Crittal resigned from the board of directors of
Gemini and Messrs. Kevin Beingessner, John Taylor, Bryan Weir and Gordon Ritchie
were appointed to the board of directors of Gemini. Mr. Doug Lautermilch will
continue to serve on the board of directors. Short biographies for each of these
individuals can be found on the Corporation's website. 


The net proceeds from the Financing will be directed toward the growth and
increased capacity of the Corporation. Further details of the Financing are
provided in the information circular of Gemini dated October 10, 2012, a copy of
which can be found under Gemini's profile on www.sedar.com. 


About Gemini 

Gemini Corporation is a professional services firm that designs, builds and
maintains energy and industrial facilities. Founded in 1982, Gemini provides
services on either a standalone basis or by combining engineering and field
service capabilities to increase project efficiency and provide a single point
of accountability. The Corporation's principal target markets are conventional
and unconventional oil and gas, in-situ heavy oil, and heavy industrial
facilities. 


Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For
more information about the Corporation and its services, go to
www.geminicorp.ca. 


Forward-Looking Statements

This news release contains forward-looking statements concerning the expected
use of proceeds. 


The forward-looking statements in this news release are based on key
expectations and assumptions made by Gemini with respect to certain approvals,
including approval of the TSX Venture Exchange. 


Although Gemini believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Gemini can give no assurance
that they will prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, risks associated with the oil and gas industry in general, commodity
price and exchange rate fluctuations, and changes to existing laws and
regulations.  


Forward-looking information is based on estimates and opinions of management of
Gemini at the time the information is presented. Gemini may, as considered
necessary in the circumstances, update or revise such forward-looking
information, whether as a result of new information, future events or otherwise,
but Gemini undertakes no obligation to update or revise any forward-looking
information, except as required by applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gemini Corporation
Doug Lautermilch
President and CEO
[phone]
[e-mail]


Gemini Corporation
Robert Brookwell
Executive VP and CFO
[phone]
[e-mail]
www.geminicorp.ca