Mr. Steven Dean reports

ARTEMIS GOLD ANNOUNCES FIRST DRAW UNDER PROJECT LOAN FACILITY

Artemis Gold Inc. has completed its first draw of $150-million under its $360-million project loan facility announced on March 1, 2023.

Construction of the company's Blackwater mine remains on track and having satisfied all conditions precedent to draw, these funds will be allocated to continue to finance construction toward completion.

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 the 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 last decade. The first pour of gold and silver from Blackwater mine is expected in 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 press release.

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