Artemis Resources Limited — Capital/Financing Update 2013

Jul 23, 2013

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----- Start of picture text ----- ABN 80 107 051 749----- End of picture text -----

24 July 2013

Dear Optionholder,

RENOUNCEABLE RIGHTS ISSUE

On 24 July 2013 Artemis Resources Limited ( Company ) announced a renounceable pro rata offer to shareholders with a registered address in Australia or New Zealand of approximately 196,116,158 fully paid ordinary shares on the basis of 2 new shares for every 5 existing shares held as at 7:00pm (AEST) on 2 August 2013 ( Record Date ), at an issue price of $0.006 per share together with 1 free attaching 2014 Short-Dated Option and 1 free attaching 2016 Long-Dated Option for every 2 new shares subscribed for under the prospectus ( Rights Issue ). Pursuant to the Rights Issue, the Company may raise a maximum of approximately $1,176,697 (before costs).

The Rights Issue is partially and conditionally underwritten by Patersons Securities Limited for $730,000.

Offers under the Rights Issue will be made under the prospectus, a copy of which is available on the ASX website http://www.asx.com.au.

The prospectus for the Rights Issue will be despatched to eligible shareholders soon after the Record Date. Eligible shareholders wishing to acquire securities under the Rights Issue will need to complete the personalised application form that will accompany the prospectus.

The purpose of this letter is to give you notice that if you wish to participate in the Rights Issue with respect to your options, you must exercise your options before the Record Date by delivering an option exercise notice together with the correct monies to the Company’s share registry, Security Transfer Registrars Pty Limited by no later than 1 August 2013. Any notice of exercise of option received after this date cannot be assured of allotment before the Record Date.

If you do not wish to participate in the Rights Issue (in respect of your options) you do not need to take any action.

Before deciding whether to exercise all or any of your options, you should consider the prospectus carefully and if in any doubt, consult with your professional advisor.

Yours faithfully

Guy Robertson Executive Director

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