Mr. Dale Andres reports

ARTEMIS GOLD ANNOUNCES Q1 2026 PRODUCTION RESULTS

Artemis Gold Inc. has released production results for the three months ended March 31, 2026, at the Blackwater mine in central British Columbia.

Blackwater produced 61,923 ounces of gold in first quarter 2026. The plant processed 1.32 million tonnes, and feed grades remained strong averaging 1.59 grams per tonne gold during the quarter, helping to offset reduced throughput due to unplanned maintenance including a seven-day unplanned shutdown in March as a result of a gearbox failure on the ball mill as previously disclosed. Gold recovery in the mill was a record 90.6 per cent in the quarter as a result of ore blending and continued optimization efforts, up from 88.1 per cent in fourth quarter 2025.

The company is maintaining its full-year production guidance of 265,000 to 290,000 ounces of gold, with plans to make up for the unplanned downtime experienced in Q1.

Artemis Gold chief executive officer Dale Andres commented: "We recovered quickly from an unexpected shutdown of the mill in March. Both mining and milling operations are currently performing very well. The mill achieved record gold recoveries during the first quarter, and optimization opportunities to further improve are continuing.

"Looking ahead, we expect improved mill throughput and higher gold production for the next three quarters and remain well positioned to achieve our full-year production guidance. We are also continuing to advance the phase 1A expansion and the expanded phase 2 projects, which we expect to fund from operating cash flow. These projects will see us increase annual throughput to 21 Mtpa before the end of 2028, which is more than triple our current capacity, and are expected to increase annual gold production at Blackwater to over 500,000 ounces."

Conference call and webcast details

Q1 2026 financial and operating results will be announced on May 6, 2026, after the close of markets. The company will host a conference call and webcast to discuss the results on May 7, 2026, at 9 a.m. PDT (12 p.m. EDT).

Conference call

Toll-free in Canada and the United States:  1-833-752-3746

International:  1-647-846-8723

A webcast will be available.

The webcast will be available for replay on the company's website until Aug. 7, 2026.

About Artemis Gold Inc.

Artemis Gold is a well-financed, growth-oriented gold and silver producer and 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 primary focus is the operation and further development of the Blackwater mine in central British Columbia approximately 160 kilometres southwest of Prince George and 450 kilometres northeast of Vancouver. The first gold and silver pour at Blackwater was achieved in January, 2025, and commercial production was declared on May 1, 2025. Artemis Gold trades on the TSX Venture Exchange under the symbol ARTG and on the OTCQX under the symbol ARGTF.

Qualified person

Artemis Gold chief business development officer Tony Scott, PGeo, 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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