Mr. Steven Dean reports

ARTEMIS ANNOUNCES COMPLETION OF NON-BROKERED PRIVATE PLACEMENT OF $1,362,500

Artemis Gold Inc. has closed its previously announced non-brokered private placement to Nick Campbell for gross proceeds of $1,362,500 through the issuance of 250,000 common shares of the company at a price of $5.45 per share.

The company expects to use the net proceeds from the private placement toward advancing its recently acquired Blackwater gold project in central British Columbia as well as for general working capital.

The shares issued by the company in connection with the private placement will be subject to a four-month-and-one-day hold period as prescribed by applicable securities laws.

We seek Safe Harbor.