Artemis Resources Limited — Capital/Financing Update 2009

Oct 6, 2009

6 October 2009

Mundong Well Uranium Project

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6 October 2009

Company Announcements Office Australian Securities Exchange Electronic Lodgement System

Dear Sir / Madam

MUNDONG WELL PROJECT

Artemis Resources Limited (“ARV”) advises that it has reached agreement with KTL Technologies Limited (“KTL”) to acquire all of KTL’s right, title and interest in all of the shares of KTL Uranium Limited (“KTLU”). KTLU beneficially owns 80% of Western Australian exploration licence EL 08/1609 (“Mundong Well Project”).

Conditions of the agreement include:

• Satisfactory results of ARV’s due diligence in relation to the KTLU Shares and the tenement and mining information on the Mundong Well Project;

• KTL providing to ARV evidence of the assignment by KTL to KTLU of all its right, title and interest in the Mundong Well Project; and

• If required by ASX, KTL obtaining shareholder approval for the sale of the KTLU Shares.

The conditions precedent are due to be satisfied by 15 November 2009 (or such later date as the parties agree) with completion shortly thereafter.

Sevag Chalabian Non Executive Chairman

Phone: +612 9299 8820 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

www.artemisresources.com.au

ABN: 80 107 051 749