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Artemis Resources Limited Capital/Financing Update 2018

May 30, 2018

10429_rns_2018-05-30_f58e1379-2cf4-4c41-88df-1bf53e3d0548.pdf

Capital/Financing Update

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31 May 2018

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ASX / Media Announcement

Artemis Resources Limited ARBN: 80 107 051 749

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

PO Box 1291 West Perth, WA Australia, 6872

Phone: +61 8 6319 0000 Email: [email protected] Website: artemisresources.com.au

Artemis Closes Novo Share Sale Deal to Bank Canadian $20 million

Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) advises that, further to its ASX announcement dated 11 May, 2018, the Company has completed the sale of 4,000,000 common shares (the “Shares”) of Novo Resources Corp. (“Novo”) to Kirkland Lake Gold (TSX: KL, NYSE:KL, ASX:KLA). Pursuant to the share purchase agreement entered into between the Company and Kirkland Lake Gold, the Company sold the Shares at a price of CAD$5.00 per Share for a total purchase price of CAD$20 million. As a condition of closing, Novo has consented to the sale of the Shares and the removal of any resale restrictions.

CONTACTS:

For further information on this update or the Company generally, please visit our website at www.artemisresources.com.au or contact:

Investors / Shareholders

Directors:

Executive Chairman David Lenigas

Executive Directors Edward Mead Alex Duncan-Kemp

Edward Mead Executive Director Telephone: +61 407 445 351 Email: [email protected]

Media Advisor / Chapter One Advisors

David Tasker Telephone: +61 433 112 936 Email: [email protected]

Non-Executive Director:

Sheikh Maktoum Hasher al Maktoum

Company Secretary: Guy Robertson

Corporate Information ASX Code: ARV

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