Mr. Steven Dean reports

ARTEMIS GOLD FEEDS FIRST ORE THROUGH COMMISSIONED CRUSHING CIRCUIT AT THE BLACKWATER MINE

Artemis Gold Inc. has provided an update on progress at the Blackwater mine.

The company has continued to make significant progress and is now in the final stages of construction and commissioning:

• First ore has been fed to the processing facility's crushing circuits. Full handover of the crushing circuit from commissioning to the operations team is expected within the next few weeks.
• Mining operations in the open pit have commenced in the quarter.
• The production drilling and blasting contractor and the explosives contractor are established at Blackwater, with the company performing its initial open-pit blasts as planned.
• The 225-kilovolt renewable grid power line and substation have been successfully commissioned and is now feeding the Blackwater site as planned. With the 25-kilovolt site-wide power reticulation almost complete, the company expects to gradually shut down and demobilize the diesel power generation units across the site before the end of 2024.
• The tailings storage facility construction activity is complete and the tailings storage facility is ready for production as planned.

The company expects to feed first ore to the ball mill in the next few weeks and continues to target first gold pour before year-end. The project remains fully financed.

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 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 central British Columbia in over a decade. The first pour of gold and silver at Blackwater is targeted for late Q4 2024. 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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