Artemis Resources Limited — Capital/Financing Update 2009

Sep 21, 2009

22 September 2009

Confirmation of Share Purchase Plan Record Date

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As announced last Friday, Artemis Resources Limited ( Artemis ) is offering shareholders an opportunity to acquire additional shares in the Company under a Share Purchase Plan ( SPP ).

Artemis is now pleased to confirm that the record date for the SPP will be Friday, 25 September 2009 . Accordingly, Artemis shareholders on the register as at 5.00pm on Friday, 25 September 2009 will be entitled to apply for shares under the SPP.

Artemis will in due course send to eligible shareholders documentation containing further details of the SPP, together with an entitlement and acceptance form.

In addition to the SPP, Artemis has also announced a proposed share option rights issue whereby eligible shareholders will be entitled to subscribe for share options in Artemis on a 1 for 5 basis at a subscription price of 0.1 cents per option. Options will have an exercise price of 5 cents and an expiration date of 30 June 2011.

Subject to ASX requirements being met, quotation of the options on ASX will be sought. A prospectus and application form for the proposed share option rights issue will be sent to shareholders in due course, which will include confirmation of the record date to determine shareholders’ eligibility to participate in the issue. This record date will not be the same as the record date for the SPP.

Subject to receipt of all necessary approvals and waivers from the ASX, the SPP and share option rights issue are intended to enable all eligible shareholders to acquire shares and options on similar terms to those subscribed for in the recent share placement carried out by Artemis, in which commitments were received to raise approximately $2.35m before costs.

Shareholders are advised not to take any investment decision in relation to the share option rights issue or SPP until they have received and carefully considered the documentation which will be dispatched in due course.

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

www.artemisresources.com.au

ABN: 80 107 051 749