Ms. Meg Brown reports

ARTEMIS GOLD TO ISSUE SHARES UNDER PARTICIPATION AGREEMENT

Artemis Gold Inc. will issue 500,000 common shares in the capital of the company pursuant to the terms of a participation agreement.

The participation agreement was executed on April 18, 2019, between New Gold Inc., the Lhoosk'uz Dene Nation and the Ulkatcho First Nation, and was formally assumed by BW Gold Ltd., a subsidiary of the company, following the company's acquisition of the Blackwater gold project from New Gold. Refer to the company's news releases dated June 9, 2020, and Aug. 24, 2020, for further information.

The consideration shares will be issued to the Lhoosk'uz Dene Nation in connection with certain requirements under the participation agreement, and will be subject to a four-month-and-one-day statutory hold period in accordance with applicable Canadian securities laws. The issuance of the consideration shares remains subject to the final approval of the TSX Venture Exchange.

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 low-cost and long-life 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.

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