Consolidated Gems Announces the Termination of Byondata Transaction

Consolidated Gems Inc. (OTCBB:CGEM) announced today that the proposed acquisition of all the shares in Byondata had been terminated.

Forward-Looking Statements

Forward-looking statements in this press release are made pursuant to the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, the risks of exploration and development stage projects, risks associated with environmental and other regulatory matters, mining risks and competition and the volatility of mineral prices. Actual results and timetables could vary significantly. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s fiscal 2014 Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

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