Gem International Resources Inc. (TSXV:GI) entered into a sales agreement to acquire two gold projects located in Handeni District, Tanzania from Samwel Mchele Chitalilo and Leo John for $0.19 million in cash on January 9, 2012. The cash payment of $0.06 million is payable upon execution of the sales agreement and $0.13 million within 7 days upon completion of the transfer of the prospecting licenses. Gem International Resources Inc. (TSXV:GI) completed the acquisition of two gold projects located in Handeni District, Tanzania from Samwel Mchele Chitalilo and Leo John on January 27, 2012.