Artemis Resources Limited — Capital/Financing Update 2019

Oct 30, 2019

ASX / MEDIA ANNOUNCEMENT

31 October 2019

ASX : ARV ATY : FRANKFURT ARTTF: OTCQB

GOLD FOCUSSED

ARTEMIS RESOURCES LIMITED IS AN AUSTRALIAN MINERAL DEVELOPER ADVANCING ITS WEST PILBARA BASE METALS, 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.

ARTEMIS ALSO HAS 1,140 KM[2] IN THE PATERSONS RANGE WITH ALL GOLD AND COPPER TARGETS WITHIN 40KM OF THE TELFER GOLD MINE AND SURROUNDING THE HAVIERON DISCOVERY BEING DRILLED BY NEWCREST AND GREATLAND GOLD.

ARTEMIS RETIRES CONVERTIBLE NOTE DEBT CORPORATE UPDATE

Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt:ATY, US OTCQB:ARTTF) is pleased to advise that it has retired the Riverfort Global Capital Limited and YA II PN Ltd Convertible Notes (“Riverfort Note”).

Following the repayment of the Riverfort Note, the security over the Radio Hill processing plant will now be released.

Artemis as previously announced will focus on:

• Carlow Castle Mineral Resource Estimate (MRE) and Optimisation;

  • Whundo Copper deposit project; and

• The Company’s 100% owned Armada project which surrounds Greatland Gold’s Havieron project, currently being explored by Newcrest Gold.

Artemis also announces that it has not met all the Conditions Precedent of the proposed acquisition of Rincon Resources Ltd (refer announcement 15 July 2019), and is therefore not proceeding with the transaction.

ENDS

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WANT TO KNOW MORE ABOUT ARTEMIS?

Please Contact:

Edward Mead – Executive Director Ed.Mead@artemisresources.com.au +61 407 445 351

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

Or visit the Artemis Website

Artemis Resources Limited

ABN: 80 107 051 749 Suite 1, 11 Ventnor Ave, West Perth WA 6000 Australia

P: +61 8 6319 0000 E : info@artemisresources.com.au Web : www.artemisresources.com.au

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