Mr. Steven Dean reports

ARTEMIS GOLD PROVIDES RAMP-UP UPDATE AT THE BLACKWATER MINE

Artemis Gold Inc. has continued its ramp-up of the Blackwater mine since the first pour of gold and silver dore on Jan. 29, 2025.

The crushing circuit is currently averaging 16,500 ore tonnes per day (in excess of nameplate capacity) and the ball mill is currently averaging more than 12,500 tonnes of ore per day (over 75 per cent of nameplate capacity).

During February, 2025, the company completed commissioning and handover of its third production excavator. Blackwater's heavy haul fleet is direct-tipping into the primary crusher. Operations integration and budgeted operational roles have all been filled.

The processing facility is currently stripping carbon on a daily basis and the performance of both the dry and wet plant are expected to increase further as Blackwater continues to target commercial production in Q2 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 Blackwater mine in central British Columbia approximately 160 kilometres southwest of Prince George and 450 kilometres northeast of Vancouver. First gold and silver pour at Blackwater was achieved in January, 2025, and the company is focused on ramping up to commercial production in Q2 2025. 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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