Research, Report & Profiling Services by IPOdesktop.com Gemini Explorations (GXPI.OB) Report Update Stock symbol: GXPI.OB….…..….… ……...…………………………..Ave. Volume 1.3mm

Stock price 11/26/07: $.165……………..….……….Common shares (7/11/07: 65mm est)

52-week price range: $.07 - $.55… ……….………Equity market capitalization: $10.7mm

Recent News…..Stock Price…..Chart…..SEC Filings

REPORT UPDATE -- RECENT DEVELOPMENTS

Cash Flow Projection Update On October 25, 2007 Gemini reported vein sample results averaging 41.94 g/tonne Au which has increased the projected production yield from 12 to 20 grams per tonne. . MPGS reports that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually of net cash flow after all costs . These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.

GXPI begins sampling programs with proposed JV partners . Proposed joint venture prospects (companies) adjoining the Los Chorros Gold Mine began with GXPI an expedited the sampling program November 20, 2007, intended to complete the due diligence process as quickly as possible . The proposed joint ventures would expand Gemini's land position and increase the scale of the Los Chorros Gold Mine project.

Los Chorros Mine Review . Gemini's plans are to build a modern processing facility at Los Chorros to increase both production and recovery rates of the gold and other precious metals . The Los Chorros Mine is currently being mined with extremely antiquated equipment. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. . The new plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. . The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700. The reports were prepared by general manager Juan Fernando Restrepo and chief geologist Carlos Alberto Vera of Minera Primecap Geological Services (MPGS) of Medellin, Colombia.

GXPI Provides Second Payment to Acquire the Los Chorros Gold Mine . Gemini completed its agreement to acquire an 80 percent majority controlling interest in the property for the sum of U$100,000 and the issuance of 2,500,000 restricted shares of GXPI. . GXPI continues to have the first right of refusal to acquire the remaining 20 % interest in the mine within 18 months

BUSINESS

Junior resource company exploring and developing gold properties in southern Columbia

COLUMBIA & gold production

. Historically one of the largest gold producing countries in the world, Colombia's vast mineral potential has remained virtually unexplored using modern exploration and mining techniques. . The Department (Province/State) of Antioquia alone produces over 1,000,000 ounces of gold per year currently, and most of it is produced from antiquated production equipment and facilities. . Driven by a new era of political and economic stability and an investment-friendly mining code, Colombia has emerged as one of the resource sector's most attractive new mining frontiers.

INDUSTRY OUTLOOK

According to FP Trading Desk, RBC Capital. Analysts Stephen D. Walker and Michael Curran . Gold equities will outperform bullion over the remainder of 2007 and into 2008, . In part because of the expectation that many gold companies will report overall improvement in operating and financial performances in 2008 . As a result of new mine start-ups and the onset of new low-cost production growth.

Address: Suite 103, 240-11th Avenue SW, Calgary, Alberta Canada, T2R 0C3 Telephone: 403.697.4877 President: Michael Hill Web Site: http://www.geminiexploration.com/ State or other jurisdiction of incorporation or organization: NV Transfer Agent: Empire Stock Transfer Inc. Investor contact: Michael Hill, President, info@geminiexploration.com, IR info: 1 877 700 1644

LOS CHORROS MINE

Los Chorros Mine opportunity

. The Los Chorros Mine is currently being mined with extremely antiquated equipment. . Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. . Gemini believes the project could be turned into a highly efficient producing gold project with low capital costs.

. Gemini's plans are to build a modern processing facility at Los Chorros with far greater recovery rates of the gold and other precious metals present.

Mine Modernization

. Modernization and re-development of the producing gold property will continue with a projected completion in the first quarter of 2008. . The mine re-development program includes large underground access improvements, a modern recovery plant installation and the option of installing a private energy generation plant.

New processing and recovery system

. Gemini is working closely with RMS-Ross Corporation, a designer, manufacturer and distributor of an extensive range of quality mining machinery to design a modern, highly efficient processing and gold recovery system for Los Chorros. . The plant would initially run at 30 to 50 tonnes/day with production doubling every 90 days during the first year.

Los Chorros Mine Production rates

MPGS (Minera Primecap Geological Services SA of Medellin, Colombia) geologist Juan Restrepo reported that . 50 tonnes per day production yielding an average grade of 12 grams per tonne Au (gold) would produce US$3,125,000 per year . 100 tonnes per day production rate would produce over US$6,250,000 of net cash flow after all costs . MPGS estimates that production in the second year could increase to a 300 tonnes per day yielding US$18,750,000 net cash flow to the company. These estimates are based on US$650 per ounce gold with US$200 per ounce operating and production costs netting US$450 per ounce. Gemini has purchased an 80 percent controlling interest in the mine and has secured first rights of refusal on the remaining 20 percent interest.

The Los Chorros mine itself

. The principal exposed vein in the Los Chorros working tunnels measures up to 2 meters thick and dips down at 45 degrees. . Visible sulphides and massive sulphides are exposed and run from 2% up to 70%. . Visible gold is present and samples assayed along a 30 meter section of the principal vein exposed between 2 faults returned values between 15 grams/tonne Au and 250 grams/tonne Au.

LA PLANADA GOLD PROJECT

Potential

"Our goal is to have a drilling program underway for the La Planada gold project in the fall to winter time frame, and prove that the La Planada Gold Project is the multi-million ounce gold deposit that we believe it is." . As reported on February 23, 2007, Carlos Alberto Vera of MPGS estimated the La Planada Gold project to contain over 3 million ounces of gold representing a potential 2 billion dollar deposit with gold trading at $650 per ounce . The Los Chorros Mine Provides an internal source of cash flow to fund its ongoing development and exploitation of its wholly owned La Planada Gold Project, a potential multi million ounce gold deposit located in the municipality of Sotomayor, department of the Nariño in southern Colombia.

Overview

. Gemini’s newly acquired La Planada property is located in the municipality of Sotomayor, department of the Nariño, in southwestern Colombia. . Access to the property is approximately 80 km from Pasto the capital city of the Nariño department by open road. . The project covers 45 hectares and is composed of Dagua Group Upper Cretaceous quartzites and siliceous siltstones intruded by a granodiorite plug. There are at least 3 different crosscutting vein sets. The principal vein ranges between 0.4 m and 2.0 m in width. Other veins range between 3 and 20 cm (or more) in width. All carry some sulphides, and free gold was seen in both quartz and with the sulphides.

La Planada drill program

. The La Planada Gold Project drill program is expected to start in the fall to winter time frame . Minera Primecap Geological Services (MPGS) chief geologist Carlos Alberto Vera is in charge of directed his geological team as they prepare drill targets at the La Planada Gold Camp

POTENTIAL GXPI MARKET CAPITALIZATION

Background

Mid-sized gold exploration and production companies in South America, all of whom have negative cash flows

Venezuela

Gold Reserve Inc. (GRZ), $250 market capitalization http://finance.yahoo.com/q?s=grz

Crystallex International Corp. (KRY), $750 market capitalization http://finance.yahoo.com/q?s=kry

Chile

Arizona Star Resource Corp. (AZS), $455 market capitalization http://finance.yahoo.com/q?s=azs

Cash flow multiples

of large companies engaged in the operation of mines, as well as exploration and development

Barrick Gold Corp. (ABX)

http://finance.yahoo.com/q?s=abx Market cap:$32 billiion Cash flow multiple: 15 based on (click) http://finance.yahoo.com/q/cf?s=ABX&annual

. Engages in the acquisition, exploration and development of gold properties. Its products include gold, copper, silver, and zinc. . The company holds interests in various gold mineral resources, including Goldstrike, Pueblo Viejo, Cortez, Bald Mountain, Turquoise Ridge, Round Mountain, Ruby Hill, Hemlo, Marigold, Golden Sunlight, Eskay Creek, South Arturo, and Donlin Creek mines located in North America; . Lagunas Norte, Veladero, Pascua-Lama, and Pierina mines situated in South America; . Porgera, Cowal, Plutonic, Kanowna, Darlot, Granny Smith, Lawlers, Henty, Osborne, and Reko Diq mines located in Australia Pacific; and . Bulyanhulu, North Mara, Buzwagi, and Tulawaka mines situated in Africa. . Barrick Gold Corporation's copper mines include Zaldivar Mine located in Chile and Osborne Mine situated in Australia.

Goldcorp (GG)

http://finance.yahoo.com/q?s=gg Market cap, $19 billion Cash flow multiple: 24 based on http://finance.yahoo.com/q/cf?s=GG&annual . Engages in the acquisition, exploration, development, and operation of precious metal properties in the Americas and Australia. It focuses on gold, silver, and copper. . The company owns a 100% interest in the Red Lake gold mine comprising the Red Lake Complex and the Campbell Complex in Canada; the Penasquito gold project, the San Dimas gold-silver mine, the Nukay gold-silver mine, the Los Filos gold project, and the El Sauzal gold mine in Mexico; and the Marlin gold-silver mine in Guatemala. . It also owns a 100% interest in the Peak gold mine in Australia, the Amapari gold mine in Brazil, the Wharf gold mine in the United States, the Eleonore gold project in Quebec, the Cerro Blanco gold project in Guatemala, and the Imperial gold exploration project in the United States. . In addition, the company has a 37.5% interest in the Bajo de la Alumbrera gold-copper mine located in Argentina, a 40% interest in the Pueblo Viejo gold development stage project in the Dominican Republic, a 68% interest in the Musselwhite gold mine in Canada, a 66 2/3% interest in the Marigold gold mine in the United States, a 50% interest in the La Coipa gold-silver mine in Chile, and a 51% interest in the Porcupine gold mine in Canada. Further, it holds a 50% interest in the La Coipa gold-silver mine located in Chile, a 21.2% interest in the El Limon gold exploration project in Mexico, a 40% interest in the South Arturo gold exploration project in the United States, and a 35% interest in the San Nicolas zinc-copper exploration project in Mexico.

Kinross Gold (KGC)

http://finance.yahoo.com/q?s=kgc Market cap: $8.25 billion Cash flow multiple: 28 based on http://finance.yahoo.com/q/cf?s=KGC&annual . Engages in mining and processing gold and silver ores, and the exploration and acquisition of gold bearing properties in the Americas, Russia, and internationally. . The company owns interests in Fort Knox and Round Mountain properties located in Alaska and Nevada, the United States; Paracatu property located in Minas Gerais, Brazil; and Refugio property located in Maricunga District, Chile. . It also holds interests in the Porcupine Joint Venture with Goldcorp Canada, Ltd. in Timmins, and Musselwhite mine in Ontario, Canada; La Coipa mine joint venture with Goldcorp, Inc. in Chile; Crixas mine in Brazil; Kettle River mine in Washington, the United States; and other mining properties in various stages of exploration, development, reclamation, and closure. . In addition, Kinross Gold owns interests in the Aldebaran property in Chile; Kupol gold and silver property in northwest Russia; and Julietta mine, a gold and silver underground mine in Russia IAMGOLD (IAG)

http://finance.yahoo.com/q?s=IAG Market cap: $2.25 billion Cash flow multiple: 28 based on http://finance.yahoo.com/q/cf?s=IAG&annual

. IAMGOLD Corporation engages in the exploration, development, and production of precious mineral resource properties in Canada, South America, and west Africa. . The company has interests in Doyon and Mouska gold mines, and the Sleeping Giant gold mine located in the Province of Quebec, Canada; the Rosebel gold mine in Suriname; and the Sadiola gold mine in the Republic of Mali, west Africa. . It also holds interests in the Yatela gold mine in the Republic of Mali; the Tarkwa gold mine in Ghana; the Damang gold mine in Ghana; the Mupane gold mine in Botswana; the Camp Caiman project in French Guiana; the Quimsacocha project in Ecuador; the La Arena project in Peru; and the Buckreef exploration project in Tanzania.

Assumptions

Los Chorros Mine Production rates

On October 25, 2007 Gemini reported vein sample results averaging 41.94 g/tonne Au which has increased the projected production yield from 12 to 20 grams per tonne.

. GXPI reports that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually, according to the consulting firm MPGS. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.

. MPGS estimates that production in the second year could increase to a 300 tonnes per day yielding US$18,750,000 net cash flow to the company.

If the objectives are met

. On a ramp-up basis, once the Los Chorros mine upgrade meets MPGS objectives outlined above and produces at the rate of 50 tonnes per day and assuming a market capitalization rate of 15 (below that of the majors discussed above) . Then at 50 tones per day the upgraded mine is could produce cash flow at the rate of $6 million per year, the market cap of GXPI could be in the range of $90 million . With 65 million shares issued, then the price per share could approach $1.38

MANAGEMENT

Michael Hill, President

Mr. Hill has over twenty years of experience in venture capital finance, investment banking and business development in North America, Europe and South America. Mr. Hill has extensive involvement in the initial start up and secondary funding of both private and public companies in a variety of sectors including: mining exploration, oil and gas, cable and media, technology and biotechnology. He has successfully completed and participated in transactions ranging up to $250,000,000 and has been an intricate participant in numerous Merger and Acquisition strategies. Mr. Hill began his investment career in 1987 at Burns Fry Ltd. and worked at Scotia McLeod, Majendie Charlton and Research Capital Ltd.

In 2002, Mr. Hill left Research Capital and started his own finance and consulting company. Since that time, Mr. Hill has been active in private and public companies operating in California, British Columbia and Colombia, South America.

For the past year Mr. Hill has consulted and worked on his third South American mining exploration and development project. From 1994 to 1996 he worked closely with Minera Andes Inc. to fund and develop their mining exploration program in Argentina. Mr. Hill went on to finance a gold and copper exploration company in Brazil from 1996 thru 1999 that continues today as a private company.

Oscar Fernandez, Director

Mr. Oscar Fernandez is a Colombian citizen residing in Medellin, Colombia. Mr. Fernandez attended Jorge Robledo University and Louisiana State University graduating in 1979 from the International Trade and Finance faculty with a degree in International Finance. In 1980 Mr. Fernandez worked with the Irving Trust Co. of New York and then moved to Banco Comercial Antioqueno where he spent the next 14 years in management and executive roles with specific experience as both International Division Manager and International Vice President overseeing international banking operations.

Mr. Fernandez and his family have extensive agricultural, cattle and timber holdings throughout Colombia where he spent the past 14 years in his role as General Manager.

Mr. Fernandez is the President of the board of directors of the Regional Timber Growers Association for Colombia and Board President for the Instituto de Capacitacion Los Alamos an institution dedicated to helping persons with mental disabilities.

Mr. Fernandez brings a wealth of Colombian business knowledge and contacts to his position as director and board member of Gemini Explorations, Inc.

Carlos Alberto Vera, Senior Geologist and Manager (Geological Staff, Minera Primecap Geological Services)

Mr. Vera has over twenty years of diversified experience in exploration and engineering encompassing all phases of mineral exploration. He has worked in the field as geologist, chief geologist, consultant and manager in charge of project evaluation and project management in Colombia, Bolivia and Venezuela. Mr. Vera holds a B.Sc degree in Geology and Engineering from University Nacional of Medellin and a M.Sc. degree from University Eafit of Medellin, Colombia.

Juan Fernando Restrepo, General Manager (Minera Primecap Geological Services)

Mr. Juan Fernando Restrepo is the General Manager of Minera Primecap Geological Services and has consulted and held management positions in several industrial companies in Colombia.

Mr. Restrepo has a Bachelor of Geology and a Master of Science in Geology from University of South Florida, Tampa. He has taught Optical Mineralogy and Igneous and Metamorphic Petrology at the Universidad Nacional de Colombia.

IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. ID provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. ID has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or its agent and related sources believed by ID to be reliable, but ID provides no assurance, and none is given, as to the accuracy and completeness of this information.

DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been compensated up eighty five hundred dollars from EquityAlllianceIR for preparation and posting of this report and other advertising services. This constitutes a conflict of interest as to ID’s ability to remain objective in its communication regarding the subject company. Analysts, principals, associates and employees of ID do not own or trade equities under coverage. For detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 contact IPOdesktop, 11693 San Vicente Blvd., #350, Los Angeles, CA 90049. ID is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com. The NASD has published information on how to invest carefully at its web site. Readers can review all public filings by companies at the SEC's EDGAR page.