Artemis Resources Limited — Capital/Financing Update 2017

Aug 10, 2017

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11 August 2017

Company Announcements ASX Limited

Cleansing Notice – Section 708A (5)(e) of the Corporations Act 2001

Artemis Resources Limited ( Company ) issued 23,696,682 fully paid ordinary shares on 10 August 2017 at 12.66 cents per share as part of a capital raising of $3 million, before costs (see ASX announcement dated 4 August 2017).

The shares are part of a class of securities quoted on the Australian Securities Exchange Limited (ASX).

As provided under section 708A (6) of the Corporations Act 2001 the Company states that:

1. the abovementioned securities are being issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. this notice is being given under section 708A(5)(e) of the Corporations Act ;

3. as at the date of this notice the Company has complied with:

• (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (ii) section 674 of the Corporations Act; and

1. as at the date of this notice there is no information which is “excluded information” within the meaning of sections 708A(7) and 708A(8) of the Corporations Act .

Guy Robertson Company Secretary

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Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 8 9480 0459 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au IBM Building Level 3, 1060 Hay Street, PERTH WA 6005 | PO Box R933 Royal Exchange, NSW 1225 Australia

www.artemisresources.com.au

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11 August 2017

Company Announcements ASX Limited

Information Disclosed Under ASX LR 3.10.5A and 7.1A.4(b)

Further to the ASX announcement of 4 August 2017 and Appendix 3B lodged by Artemis Resources Limited (Artemis or the Company) today regarding the share placement of 23,696,682 shares at 12.66 cents to raise $3 million (before costs), Artemis provides the following additional information under ASX Listing Rule 3.10.5A:

• (a) The Company issued a total of 23,696,682 fully paid ordinary shares under Listing Rule 7.1A.

The securities issued under Listing Rule 7.1A resulted in the following dilution to existing holders of ordinary securities.

• Number of fully paid ordinary shares on issue prior to this issue of securities under LR7.1A was 393,144,406 (including 28,000,000 shares escrowed until 29 August 2017).

• Number of fully paid ordinary shares on issue following this issue of securities under LR7.1A was 416,841,088 (including 28,000,000 shares escrowed until 29 August 2017).

• Percentage of voting dilution following this issue is 5.68%.

• (b) Artemis issued the shares as a placement under Listing Rule 7.1A as operationally it was important to conclude this capital raising at this time, and the price at which the funds have been raised is equivalent to the 15 day VWAP prior to the date the price of the issue was agreed. The Company has a general meeting of shareholders on 8 September 2017 which will refresh its capacity under LR 7.1.

• (c) The placement was not underwritten.

• (d) Broker fees of $225,000 are payable in connection with the issue.

Guy Robertson Company Secretary

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Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 8 9480 0459 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au IBM Building Level 3, 1060 Hay Street, PERTH WA 6005 | PO Box R933 Royal Exchange, NSW 1225 Australia

www.artemisresources.com.au