Mr. Steven Dean reports

ARTEMIS GOLD PROVIDES UPDATE ON BLACKWATER MINE

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

The company has experienced unexpected delays with the configuration of, and communication within, the process control network and encountered constrained vendor availability during the holiday season. As a result, the company has not yet completed final commissioning of the wet plant and now expects to commence processing of ore through the ball mill and first gold pour in January, 2025.

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 km 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 in January, 2025.

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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