Gemcom Securityholders Approve Acquisition by JMI Equity, The Carlyle Group and Pala Investments Holdings

Vancouver - Gemcom Software International Inc. (TSX:GCM - News), the largest global supplier of specialised mining productivity solutions, today announced that its securityholders have approved the plan of arrangement (the "Arrangement") whereby an acquisition vehicle indirectly owned by affiliates of JMI Equity Fund VI, L.P., Carlyle Venture Partners III, L.P. and Pala Investments Holdings Limited (the "Purchaser") will acquire all of Gemcom's outstanding common shares.

The Arrangement involves the acquisition by the Purchaser of all outstanding common shares of Gemcom for which shareholders will receive C$3.05 per share, representing a 22% premium over Gemcom's weighted average closing price for the 45 trading days preceding the original announcement of the proposed transaction. Holders of options and warrants to purchase common shares of Gemcom, in each case that remain outstanding immediately prior to the Effective Time of the Arrangement, will receive for each option and warrant the amount in cash, if any, by which C$3.05 exceeds the exercise price for such option or warrant. Gemcom believes all of the warrants that the Company previously had outstanding will be exercised prior to the Effective Time of the Arrangement.

The Arrangement was approved at the Special Meeting of securityholders by approximately 95% of the votes cast by holders of common shares, exceeding the 66 2/3% required for approval; by approximately 95% of the votes cast by holders of common shares, options and warrants, again exceeding the 66 2/3% required for approval; and by approximately 93% of the votes cast by the minority shareholders, exceeding the 50% threshold required for approval.

Of the total outstanding common shares, options and warrants as at the record date of May 30, 2008, approximately 76% were voted at the meeting either in person or by proxy. Final results will be made available on SEDAR at www.sedar.com.

The closing of the transaction is subject to customary conditions, including the receipt of regulatory approvals, as well as the final order of the Supreme Court of British Columbia. The transaction is expected to close prior to Friday, July 25, 2008. Gemcom will advise shareholders closer to the time of closing about the procedures for surrendering and receiving payment for their securities.

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About Gemcom
When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to world-renowned mining solutions like GEMS, Surpac, Minex, Whittle, and InSite and to industry thought-leaders who are pushing the boundaries of what's possible in mining. Established in 1985, Gemcom has a global reach delivering comprehensive solutions in all major mining centres in more than 90 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of specialised mining productivity solutions. Gemcom is listed on the TSX under the ticker "GCM." For more information, visit www.gemcomsoftware.com.

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