Artemis Resources Limited — Capital/Financing Update 2018

Jan 29, 2018

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Artemis Resources Limited ARBN: 80 107 051 749

Level 3, IBM Building, 1060 Hay Street, West Perth, WA Australia, 6006

PO Box R933 Royal Exchange NSW Australia, 1225

Phone: +61 2 9078 7670 Facsimile: +61 2 9078 7661 Email: info@artemisresources.com.au Website: artemisresources.com.au

Directors:

Executive Chairman David Lenigas

Executive Directors Ed Mead Alex Duncan-Kemp

Non-Executive Director

Sheikh Maktoum Hasher al Maktoum

ASX / Media Announcement

30 January 2018

$4.5 MILLION CAPITAL RAISE TO FAST TRACK MINING AND EXPLORATION ACTIVITIES -KARRATHA, WESTERN AUSTRALIA-

Artemis Resources Limited (“ Artemis ”) ( ASX: ARV ) advises that it has received firm “bought deal” commitments from a London Institution, Global Investment Strategy UK Ltd, to raise $4.5 million (before costs) through the issue of approximately 22.5 million fully paid ordinary shares (“ Shares ”) at $0.20 per Share (together with 5.625 million free-attaching options exercisable at $0.25 each, and expiring 12 months from the date of issue).

David Lenigas, Artemis’s Executive Chairman, commented:

“This oversees institutional financing further increases our cash reserves as we head in to a very busy 6 months period of re-commissioning and upgrades at our Radio Hill treatment plant. This additional funding will provide Artemis with the necessary working capital to commence early mining operations at a number of our proximal deposits in the Karratha area in order to have suffienct stockpiles pre-mined at the plant site available for processing.”

CONTACTS:

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

Investors / Shareholders

Edward Mead Executive Director Telephone: +61 407 445 351 Email: ed.mead@artemisresources.com.au

Company Secretary: Guy Robertson

Corporate Information ASX Code: ARV

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