Mr. Steven Dean reports

ARTEMIS GOLD RECEIVES INITIAL DEPOSIT UNDER SILVER STREAM AGREEMENT

Artemis Gold Inc. has received its first $35.2-million (U.S.) deposit under the silver stream agreement concluded on Dec. 13, 2021, with Wheaton Precious Metals Corp. The initial deposit forms part of the $140.8-million (U.S.) that Wheaton has committed to finance toward construction of the Blackwater gold mine. Construction activities at Blackwater are under way and progressing in accordance with the company's project development plan.

More details of the silver stream are contained in the company's most recent annual information form that is filed on the company's profile on SEDAR.

Steven Dean, chairman and chief executive officer of Artemis Gold, said, "The receipt of the first funding under the silver stream is an important milestone as it represents the first external funding being advanced toward Blackwater's construction and reflects our financing partners' confidence in the strong progress achieved to date."

About Artemis Gold Inc.

Artemis Gold is a well-financed, growth-oriented gold development company with a strong financial capacity aimed at creating shareholder value through the identification, acquisition and development of gold properties in mining-friendly jurisdictions. The company's current focus is construction of the Blackwater mine project in central British Columbia, approximately 160 kilometres southwest of Prince George and 450 km northeast of Vancouver. The project is one of the largest capital investments in the Bulkley-Nechako, Fraser-Fort George and Cariboo regions of British Columbia in the last decade. The first pour of gold and silver from Blackwater mine is expected H2 2024 and the mine is expected to be in production for a minimum of 22 years.

Qualified person

Jeremy Langford, FAUSIMM, a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

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