Artemis Resources Limited — Capital/Financing Update 2009

Oct 22, 2009

23 October 2009

Share Purchase Plan Results

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Artemis is pleased to announce that its Share Purchase Plan ( SPP ), which closed on Monday 19 October 2009, attracted applications for approximately 120 million new shares with a value of approximately $6 million.

As a result of the very strong demand for new shares under the SPP, the Board has determined to increase the number of new shares to be issued under the SPP from 20 million to raise $1 million to 38 million to raise $1.9 million before costs.

Artemis offered eligible shareholders the opportunity to subscribe for up to $15,000 of new shares under the SPP. In accordance with ASIC Class Order 09/425, applications by individual shareholders for more than $15,000 worth of new shares have been rejected and, as a result of the over-subscription, the Company will scale back other applications so that the total number of new shares to be issued under the SPP will not exceed 38 million.

Applicants will be advised of their final allocations when holding statements in respect of the SPP shares are despatched, which is expected to occur on 26 October 2009. It is the responsibility of shareholders to confirm the number of new shares allotted to them under the SPP prior to trading in the new shares. Shareholders who sell new shares before they receive their holding statements do so at their own risk.

Sevag Chalabian Chairman

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

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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 ABN: 80 107 051 749 www.artemisresources.com.au