Artemis Resources Limited — Capital/Financing Update 2018

Dec 12, 2018

ASX / MEDIA ANNOUNCEMENT

DRILLING RECOMMENCES AT CARLOW CASTLE

13 December 2018

ASX : ARV FRANKFURT : ATY U.S. OTCQB : ARTTF

GOLD, COPPER AND COBALT IN THE WEST PILBARA

ARTEMIS RESOURCES LIMITED IS AN AUSTRALIAN MINERAL DEVELOPER ADVANCING ITS WEST PILBARA BASE, BATTERY AND PRECIOUS METALS ASSETS TOWARDS PRODUCTION.

ARTEMIS HAS CONSOLIDATED A MAJOR LAND HOLDING IN THE WEST PILBARA AND IS THE 100% OWNER OF THE RADIO HILL OPERATIONS AND PROCESSING INFRASTRUCTURE, STRATEGICALLY LOCATED 30 KM FROM THE CITY OF KARRATHA, THE POWERHOUSE OF THE PILBARA.

WANT TO KNOW MORE ABOUT ARTEMIS?

Please Contact:

Edward Mead – Executive Director E: ed.mead@artemisresources.com.au

Wayne Bramwell – Chief Executive Officer E: wayne.bramwell@artemisresources.com.au

David Tasker – Media Advisor E: dtasker@chapteroneadvisors.com.au P : +61 433 112 936

Or visit the Artemis Website or follow us on Twitter

Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt, U.S. OTC:ARTTF) is pleased to announce that drilling has recommenced at the company’s 100% owned Carlow Castle Au-Cu-Co Project in the West Pilbara region of Western Australia.

The objective of this air core programme of ≈5,000m is to target definition of strike extensions to the east and west of the existing drilling ( Figure 1 ). Results from this programme, along with previously undertaken sub-audio magnetics (SAM), surface mapping and geochemistry will be used to focus the next round of resource development drilling, scheduled to commence in the first quarter of 2019.

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----- Start of picture text ----- Extensional targetzone ≈ 1.6 kmExtensional targetzone ≈ 0.4 kmExisting ARV drill holesacross 1.2 km of strikeHeritage clearanceboundary----- End of picture text -----

Figure 1: Extensional Air Core Programme at Carlow Castle

The company is also currently undertaking a new resource update for Carlow Castle. Though originally expected to be reported in December 2018, the ≈24,000m of drill data has taken additional time to consolidate and as such the new resource is now expected in early 2019.

Artemis’ Chief Executive Officer Wayne Bramwell commented:

ARTEMIS RESOURCES LIMITED

Suite 1, 11 Ventnor Ave West Perth WA Australia, 6005

P : +61 8 6319 0000

E : info@artemisresources.com.au www.artemisresources.com.au Twitter - @Artemis_ARV

“This drill programme is testing strike extensions to the east and west of the existing 1.2km of strike drilled at Carlow Castle to date and provides Artemis with a running start into 2019.

The next stage of resource development post the release of the resource update will include a targeted RC and diamond programme to provide additional samples for geotechnical, structural and metallurgical test work.”

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