Artemis Resources Limited — Capital/Financing Update 2009

Oct 14, 2009

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15 October 2009

Manager of Company Announcements ASX Limited Level 6 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Section 708A Cleansing Notice

On 9 October 2009, Artemis Resources Limited ( Artemis ) issued 36,322,779 fully paid ordinary shares ( Shares ) at an issue price of $0.05 per Share, and 24,054,820 free attaching Options, to investors in Australia and New Zealand, being the second tranche of Shares issued pursuant to a private placement and the issue of the free attaching Options, the terms of which were announced to the market on 17 September 2009 ( Placement ). In addition, on 9 October 2009, Artemis allotted 3,070,000 Shares at an issue price of $0.05 to a broker in lieu of corporate fees and 300,000 Shares as a placement at $0.05 (together, Additional Placement ).

The Corporations Act 2001 (Cth) ( Act ) restricts the offer for sale of securities without a disclosure document, unless the relevant sale satisfies an exemption as set out in section 708 or 708A of the Act. Artemis seeks to rely on an exemption in section 708A(5) of the Act with respect to the sale of ordinary shares issued pursuant to the Placement and the Additional Placement.

As at 15 October 2009, Artemis gives notice under section 708A(5)(e) that:

• (a) Artemis issued the Shares under the Placement and Additional Placement without a disclosure document under Part 6D.2 of the Act;

• (b) Artemis has complied with the requirements of Chapter 2M (as they apply to Artemis) and section 674 of the Act; and

• (c) there is no information that:

ABN: 80 107 051 749

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Telephone: +61 2 9299 8820 Facsimile: +61 2 9262 2885 Email: info@artemisresources.com.au Address: Level 10, 1 Margaret Street, Sydney NSW 2000 Postal Address: PO Box R933, Royal Exchange NSW 2205

www.artemisresources.com.au

• (i) has been excluded from a continuous disclosure notice in accordance with ASX Listing Rules; and

• (ii) investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

  • the assets and liabilities, financial position and performance, profits and losses and prospects of Artemis; or

Yours faithfully, John M Hartigan Secretary

• the rights and liabilities attaching to Artemis' ordinary shares.

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