Gemini Corporation Reports 2012 Second Quarter Results

Gemini Corporation (TSX VENTURE:GKX) announces its second quarter financial
results for the period ended June 30, 2012.


Revenue in the second quarter of 2012 totalled $24,473,000, which was a 60%
increase from the $15,208,000 achieved in the second quarter of 2011. This
brings the 2012 year to date total revenue to $44,657,000 and represents a 68%
improvement over the $26,584,000 achieved in the first six months of 2011. These
revenue gains have been generated across all Gemini operations as a result of
market demand emanating principally from heavy oil and natural gas liquid
producers. Client relationship development work is producing results and
establishing a backlog of work to be completed over the remainder of 2012 and
into 2013. Notwithstanding the current commodity price uncertainties, the demand
for services is anticipated to remain fairly consistent into 2013 based upon
feedback from the majority of key clients.


Second quarter gross profit for 2012 was $4,025,000 compared to $3,239,000 for
the same period last year. Year to date gross profit of $7,421,000 is certainly
an improvement compared to the $5,327,000 last year, although gross profit as a
percent of revenue has declined to 17% from 20%. There are a number of
initiatives underway to improve margins for the latter part of 2012 in response
to labour cost escalation and increases in certain variable costs.


The second quarter net income of $436,000 (1.3 cents per share) further improves
upon the $185,000 (0.5 cents per share) earned in the first quarter. This brings
net income to a total of $621,000 for the first half compared to a net loss of
$1,147,000 in the same period last year.


"The first half of 2012 results are a welcome recovery after the extremely
challenging year we experienced in 2011", remarked Doug Lautermilch, Gemini's
President and CEO. "Substantial changes were made last year to reduce our fixed
cost burden and now that we are getting some positive response from key clients
regarding our client relationship management efforts I am encouraged about our
ability to sustain our profitability."


About Gemini Corporation

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.


Gemini's 2012 second-quarter financial report will be filed with SEDAR at
http://www.sedar.com by August 29, 2012.




CONSOLIDATED FINANCIAL HIGHLIGHTS                                           
                                                                            
                                  Three Months Ended       Six Months Ended 
Operating Highlights ($'000)     June 30,   June 30,     June 30,  June 30, 
                                     2012       2011         2012      2011 
Revenue                       $    24,473 $   15,208  $    44,657 $  26,584 
Gross profit                        4,025      3,239        7,421     5,327 
Income before interest &                                                    
 taxes                                640       (174)         952    (1,473)
Net income (loss)             $       436 $     (174)         621 $  (1,147)
                                                      $                     
Earnings per share (basic)    $     0.013 $   (0.005) $     0.018 $  (0.033)
Earnings per share (diluted)  $     0.013 $   (0.005) $     0.018 $  (0.033)
                                                                            
Balance Sheet Highlights                                           December 
 ($'000)                                                 June 30,       31, 
                                                             2012      2011 
Working capital                                       $     7,951 $   7,119 
Total assets                                               32,353    28,412 
Shareholders' equity                                       13,735    13,069 



Disclaimer

This news release contains forward looking information that represents Gemini's
internal projections, expectations, estimates or beliefs concerning, among other
things, future operating results and various components thereof or Gemini's
future economic performance. All statements other than the statements of
historical fact may be forward- looking statements. In some cases,
forward-looking statements can be identified by terminology such as "may",
"will", "should", "expects", "projects", "plans", "anticipates", and similar
expressions. The projections, estimates and beliefs contained in such
forward-looking statements are based on management's assumptions relating to
Gemini's performance and competition within the sectors in which it competes,
the continuation of the current regulatory and tax regimes in the jurisdictions
in which Gemini operates, and necessarily involve known and unknown risks and
uncertainties, including risks and assumptions relating to client service
demand, field service costs, labour rates, and other factors that may cause
actual performance and financial results in future periods to differ materially
from any projections of future performance or results expressed or implied by
such forward-looking statements. Accordingly, readers are cautioned that events
or circumstances could cause results to differ materially from those predicted
or suggested. The Corporation does not undertake to update any forward-looking
information in this document whether as to new information, future events or
otherwise.