GKX Gemini Corp. (delisted)

Gemini Corporation ("Gemini" or the "Corporation") (TSX VENTURE:GKX) announces
that it intends to complete a non-brokered private placement of up to $3,900,000
(the "Financing"), comprised of units of Gemini ("Units") at a price of $0.20
per Unit, 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.


$3,000,000 of the Financing will be subscribed for by Coril Holdings Ltd.
("Coril"), which will result in Coril becoming a new "Control Person" of Gemini,
as defined by the policies of the TSX Venture Exchange. Coril is a Calgary-based
privately-owned organization with interests in a number of companies operating
in Canada, North America and internationally. The remainder of the Financing
will be subscribed for by the new directors and Gemini management personnel.
Gemini will seek approval from its shareholders for the Financing prior to
closing pursuant to the policies of the TSX Venture Exchange. 


The directors and senior officers of Gemini have entered into lock-up agreements
with Coril pursuant to which they have agreed to, among other things, vote all
of their Common Shares in favour of the resolution to approve the Financing and
any matters relating thereto. 


Coril and Gemini have also agreed that the board of directors of Gemini will be
reconstituted to consist of Doug Lautermilch, President and CEO of Gemini, two
directors designated by Coril and acceptable to Gemini, acting reasonably and
two directors who will be considered independent for the purposes of applicable
securities laws and acceptable to Coril and Gemini, each acting reasonably.


Monies raised from the Financing will be directed toward the growth and
increased capacity of the Corporation. Further details of the Financing will be
provided in the information circular to be prepared in connection with the
shareholder meeting to approve the Financing. The meeting is anticipated to be
held in early November 2012, with the closing of the Financing anticipated to
occur shortly thereafter.


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 anticipated
meeting date of the shareholders of Gemini, the anticipated closing date of the
Financing, the anticipated composition of Gemini's board of directors, and 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 and the approval of its
shareholders regarding the creation of a new Control Person.


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.

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