Artemis Resources Limited — Capital/Financing Update 2013

Sep 25, 2013

26 September 2013

==> picture [225 x 66] intentionally omitted <==

ASX Announcement

NEW ANTIMONY ZONES IDENTIFIED AT EASTERN HILLS

Highlights

EASTERN HILLS ANTIMONY-LEAD DEPOSIT

• Three new zones of antimony-lead mineralisation identified

• Potential new mineralisation strike length increased by 350% to 2.8km

• Antimony grades of up to 5.0% Sb from rock chips

• Similar alteration and mineralisation to Eastern Hills Main Zone currently being drilled

• Current exploration target (covers strike length of <800m): 410,000t-1.25Mt @ 1.5-1.9% Sb and 2.1-2.7% Pb[1]

• Current drilling aims to upgrade exploration target to a maiden JORC compliant resource

Artemis Resources Limited (ASX: ARV) is pleased to announce that three new zones of potential antimony-lead mineralisation have been mapped in the vicinity of the Eastern Hills antimony-lead (Sb-Pb) deposit (Figure 1), located in the Ashburton region of Western Australia (Figure 3).

Geological mapping and rock chip sampling results, have confirmed the discovery of the new antimony-lead zones directly north and northeast of the “Taipan Zone” (previously known as the Eastern Hills “Main Zone”) (Figure 2). The three new zones have a combined mapped strike length of approximately 2.8 kilometres , and show similar alteration and mineralisation styles to the Taipan Zone.

In January 2013, Artemis announced an exploration target of 410,000t-1.25Mt at 1.5-1.9% Sb and 2.1-2.7% Pb[1] based on mineralisation identified at the Taipan Zone over a strike length of less than 800m. Identification of the new zones increases the potentially mineralised strike length of all four zones delineated to date by 350%. The exploration target includes potential quantity and grade and is conceptual in nature. There has been insufficient exploration to define these mineral resources and it is uncertain if further exploration will result in the determination of mineral resources.

Two of the new zones (now referred to as the “Gwardar” and “Dugite” Zones) are located immediately to the north, and come within 50 metres, of the Taipan mineralisation which is currently being drilled with the aim of defining a maiden JORC compliant resource (Figure 2). While weaker alteration was mapped along the Gwardar Zone, the Dugite alteration appears to be stronger (similar to that at Taipan), and includes highly encouraging antimony grades of 2.9% Sb and 2.0% Sb (Figure 2).

Artemis Executive Director Guy Robertson commented: “We are extremely encouraged by our team’s identification of three new zones of mineralisation at Eastern Hills. Initial sampling grades of up to 5% antimony and 8% lead reinforce the prospectivity of the broader region as a mineralised multiple vein system.”

1 As reported in ASX Announcements dated 16 and 18 January 2013

==> picture [64 x 63] intentionally omitted <==

Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au Level 9, 50 Margaret Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au

1

==> picture [225 x 66] intentionally omitted <==

Importantly, the third new zone (now referred to as the “Tiger” Zone) also displays a similar alteration style and intensity as that mapped along Taipan and Dugite. The Tiger Zone is located 500 metres to the north-east of the Taipan Zone and also returned the highest grade of 5.0% Sb from the latest sampling programme. The Tiger Zone, with only limited sampling (5 samples) and reconnaissance mapping, will be a focus for follow-up mapping and rock chip sampling.

EASTERN HILLS Sb-Pb – A MULTIPLE VEIN SYSTEM IDENTIFIED

Quartz-sericite alteration along fault structures identified in the latest mapping at Dugite, Gwardar and Tiger correspond with similar mineralised alteration determined on the Taipan Zone during March 2013. This new identification indicates that the Eastern Hills system is not a lone vein, but a multiple vein system.

While sulphide mineralisation at surface appears to have been destroyed by weathering processes on the three new zones, as was the case on the Taipan Zone, it is anticipated that the new zones will also contain massive sulphide mineralisation, bounded by a broader zone of disseminated sulphides at depth.

The new Dugite, Gwardar and Tiger zones will now be subject to a more detailed mapping and rock chip sampling programme with the objective of defining further drill targets outside of the Taipan Zone for a drilling programme to be undertaken in the 2014 field season.

Taipan Zone (formerly the Main Zone)

The Taipan Zone, formerly known as the Main Zone (Figure 1), has an exploration target of 410,000t-1.25Mt at 1.51.9% Sb and 2.1-2.7% Pb based on mineralisation identified over a strike length of less than 800m. Rockchip sampling from the March 2013 mapping and sampling programme returned results of up to 7.5% Sb (Figure 1). During 2013, remodelling of 1990s electromagnetic data revealed an EM conductor (the Southern Conductor) coincident with the Taipan Zone.

As mentioned above, Artemis is currently drilling the Taipan Zone in a 15 hole, 3,000 metre reverse circulation (RC) drilling programme, targeting down dip and along strike extensions, and to establish a maiden JORC compliant resource estimate.

A total of seven of the 15 RC holes have now been completed and to date all have intersected sulphide mineralisation. This sulphide mineralisation has been identified visually in the field by the on-site geologist, and a portable X-ray Fluorescence (pXRF) device has confirmed the existence of antimony in the sulphide mineralisation. The first batch of samples has been delivered to the laboratory for analysis and assays are pending.

Sample_ID	Sb(%)	Ag(ppm)	Pb(%)	Au(g/t)	Zone
238736	2.0	44.0	1.5	0.00	Dugite
238740	2.9	10.1	5.8	0.21	Dugite
238741	0.1	1.3	0.0	0.39	Dugite
238742	0.1	3.6	0.2	0.42	Gwardar
238748	5.0	31.0	7.9	0.03	Tiger
238750	0.1	0.6	0.1	0.30	Tiger

Table 1: Eastern Hills Best Reconnaissance Sampling Results[2] – September 2013[3]

2 Best results selected if Sb>1.0% or Au>0.2ppm

3 Laboratory analysis of samples undertaken by ALS Laboratories Perth. Analysis of individual elements, with relevant method, is Sb (ME–XRF05 and ME–XRF15b on assays greater than 1% Sb), Ag (ME-ICP61), Pb (ME-ICP61 and ME–XRF15b on assays greater than 1% Pb), Au (Au-AA23)

==> picture [64 x 63] intentionally omitted <==

Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au Level 9, 50 Margaret Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au

2

==> picture [225 x 66] intentionally omitted <==

Dugite Zone

The Dugite Zone was identified in recent geological mapping immediately to the north of the Taipan Zone (Figure 2). This zone has a mapped strike length of approximately 1.1 kilometres and is roughly orientated east-northeast. No systematic rock chip sampling was undertaken during the mapping of this zone but significant results of 2.9% Sb and 2.0% Sb were returned from limited reconnaissance sampling. This level of antimony mineralisation, and associated alteration, matches that of the adjacent Taipan Zone which is, in parts, only 50 metres to the south. Significant results from the sampling of the Dugite Zone can be seen in Table 1.

==> picture [536 x 380] intentionally omitted <==

Figure 1: Eastern Hills “Taipan” Zone Mapping and Sampling – March 2013

Gwardar Zone

The Gwardar Zone was also recently identified in geological mapping. It lies to the north of the Dugite Zone (Figure 2) with an approximate strike length of 700 metres, orientated roughly east-west. Only one rock chip sample was taken from the Gwardar Zone during the recent reconnaissance mapping/sampling programme and, while no elevated Sb results were returned from that single sample from the western end of the zone, a promising result of 0.4 g/t Au was recorded (Table 1). A gold result of this level is encouraging as it suggests a potential link between the nearby Mt Clement gold deposit and the western end of the Eastern Hills mineralisation. More systematic sampling of the Gwardar Zone is currently being planned.

==> picture [64 x 63] intentionally omitted <==

Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au Level 9, 50 Margaret Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au

3

==> picture [225 x 66] intentionally omitted <==

Tiger Zone

The Tiger Zone is located 500 metres to the north-east of the Taipan Zone and returned the highest grade of 5.0% Sb and a significant 7.9% Pb from the latest sampling programme (Table 1). This zone has a north-east orientation which, although different from the more central alteration zones, still shows evidence of a pathway for mineralisation along the fault structure. The Tiger Zone has only limited sampling (5 samples) and reconnaissance mapping, and so will be a focus for follow-up mapping and rock chip sampling.

==> picture [529 x 373] intentionally omitted <==

Figure 2: Eastern Hills Reconnaissance Mapping and Sampling – September 2013

==> picture [64 x 63] intentionally omitted <==

Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au Level 9, 50 Margaret Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au

4

==> picture [225 x 66] intentionally omitted <==

ABOUT ARTEMIS RESOURCES

Figure 3

Artemis Resources Limited is a resources exploration company with a focus on its prospective Mount Clement (gold and antimony), Yandal (gold) and West Pilbara (gold and base metals) projects in Western Australia. These projects have significant exploration potential and close proximity to existing important deposits or producing mines. Artemis aims to develop a significant gold inventory through exploration and acquisitions which have the potential to become mines and create shareholder value.

==> picture [213 x 303] intentionally omitted <==

For further information, please contact:

Guy Robertson Executive Director Phone: +61 2 9078 7670 Email: info@artemisresources.com.au Web Site: www.artemisresources.com.au

James Moses Mandate Corporate Mob: 0420 991 574 Email: james@mandatecorporate.com.au

Tony Dawe

Professional Public Relations

+61 8 9388 0944 Email: tony.dawe@ppr.com.au

Competent Person Statements

The information in this document that relates to Exploration Results and Exploration Targets is based on information compiled or reviewed by Mr Trevor Woolfe, who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Woolfe is a consultant to the Company, and is employed by Alexander Cable Pty Ltd. Mr Woolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Woolfe consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

==> picture [64 x 63] intentionally omitted <==

Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au Level 9, 50 Margaret Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au