Mr. Steven Dean reports

ARTEMIS GOLD ANNOUNCES APPROVAL OF SCHEDULE 2 AMENDMENT FOR BLACKWATER MINE

The governor in council, on the recommendation of the federal Minister of Environment and Climate Change, has approved the amendments to Schedule 2 of the Metal and Diamond Mining Effluent Regulations (MDMER) for Artemis Gold Inc.'s Blackwater mine.

"Blackwater mine has been designed to some of the highest environmental standards and in accordance with proven best practices," said Steven Dean, chairman and chief executive officer of Artemis Gold. "The approval of our Schedule 2 amendment as planned in Q2 2023 is a cumulation of a significant amount of effort by our team, and demonstrates another key catalyst achieved on schedule."

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 B.C. in the past 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. Artemis Gold trades on the TSX Venture Exchange under the symbol ARTG.

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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