Mr. Steven Dean reports

ARTEMIS GOLD PROVIDES AN UPDATE ON IMPACT OF THE WILDFIRES IN CENTRAL B.C. ON BLACKWATER MINE

Artemis Gold Inc. has provided an update regarding the impact of an uncontrolled wildfire late last week in the Cariboo regional district in the immediate vicinity of the company's Blackwater mine. As previously announced, Artemis Gold took pro-active measures to temporarily reduce the number of non-essential staff and contractors early last week and all company staff and contractors are safe and accounted for.

The Blackwater mine site infrastructure remains intact, including the construction camp, process plant area, construction fleet and contractors' fleets. Damage to property has been minimal.

"Safety is our top priority, and I couldn't be more pleased with the pro-active, organized approach our team took to reduce non-essential workers at our mine site days before the wildfire reached our site. Our second priority was securing the asset, and our emergency services teams implemented very effective protective measures across the site," said Steven Dean, chairman and chief executive officer of Artemis Gold.

The company is now focused on plans to ramp back up to normal construction activities in the short term, subject to provincial regulation. Artemis Gold does not anticipate this incident will have a material impact on the Blackwater mine construction schedule, and the company continues to target first gold pour in the second half of 2024.

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 kilometres 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 past decade. The first pour of gold and silver from Blackwater mine is expected in the second half of 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 press release.

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