Artemis Resources Limited — Capital/Financing Update 2009

Nov 25, 2009

26 November 2009

Results of Options Rights Issue

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Artemis is pleased to announce that the Options Rights Issue of 33,339,990 new options announced on 26 October 2009 has been heavily oversubscribed. The Company received applications from eligible shareholders for approximately 395,572,341 new options.

The Options Rights Issue consisted of 1 new option for every 5 shares held at an issue price of $0.001 per new option. The options are exercisable at $0.05 by 30 June 2011.

The purpose of the Options Rights Issue was to extend to all shareholders (including those shareholders who participated in the Company’s recent SPP) the opportunity to acquire at a nominal price new options which have the same terms as those issued to subscribers in the Company’s September share placement which raised $2.4 million. The Options Rights Issue will raise approximately $33,400 before costs.

At the close of the Options Rights Issue, Artemis had received valid applications for a total of 395,572,341 new options including entitlement acceptances of 21,238,935 new options representing approximately 63.7% of the number of new options offered pursuant to the Options Rights Issue.

The Company will issue all of the 33,339,990 new options offered under the Options Rights Issue to shareholders. Shareholders who applied for new options pursuant to their entitlement under the Options Rights Issue will be allocated 100% of their applications. Applications for additional new options from shareholders will be allocated by the directors in accordance with the Options Rights Issue prospectus. As a result of the volume of oversubscriptions there is no guarantee that shareholders will receive all or any of the additional options for which they have applied.

It is the responsibility of all shareholders to confirm the number of new options allotted to them prior to trading in the new options. Shareholders who sell new options before they receive notification of the number of new options allotted to them do so at their own risk.

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Telephone: +61 2 9299 8820 Facsimile: +61 2 9262 2885 Email: info@artemisresources.com.au Level 10, 1 Margaret Street, Sydney, NSW, 2000, AUSTRALIA Postal Address: PO Box R933, Royal Exchange, NSW, 1225

www.artemisresources.com.au

ABN: 80 107 051 749

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The issue of new options and dispatch of holding statements is expected to occur on Monday, 30 November 2009. It is expected that the new options will commence normal T+3 settlement trading on the Australian Securities Exchange on Tuesday, 1 December 2009.

Sevag Chalabian Chairman

Phone: +61 (407) 816 758 Email: sevagchalabian@artemisresources.com.au Web Site: www.artemisresources.com.au