Artemis Resources Limited — Capital/Financing Update 2020

Jul 23, 2020

ASX Announcement

Completion of A$5.6m Capital Raise

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24 July 2020

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Highlights

• Artemis completes A$5.6m capital raising at 7c per share via issue of ~80m

new fully paid shares.

• Funds to be deployed on inaugural drill programme at Paterson Central, continue exploration and resource drilling at the Greater Carlow Project as

well as general working capital.

Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to announce that it has completed the capital raising announced on the 17[th] of July, raising A$5.6m (before costs). The Company has issued 79,992,856 shares at 7 cents per share under LR 7.1 to institutions and professional investors.

Mark Potter, Non-Executive Chairman commented;

“ The Board takes this opportunity to welcome new shareholders who participated in the capital raise and thank our existing shareholders for their ongoing support. The Company is now well-funded as it moves into an extremely busy exploration phase at our Paterson Central Project as well as assay reporting and further drill planning at our Greater Carlow Project and elsewhere across the portfolio. We would like to thank the joint lead managers to the issue, Taylor Collison and GTT Ventures, for their outstanding assistance.”

About Artemis Resources

Artemis Resources (ASX: ARV; FRA: ATY; US: ARTTF) is a Perth-based exploration and development company, led by an experienced team that has a singular focus on delivering shareholder value from its Pilbara gold projects – the Greater Carlow Gold Project in the West Pilbara and the Paterson Central exploration project in the East Pilbara.

For more information, please visit www.artemisresources.com.au

This announcement was approved for release by the Board.

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ARTEMIS RESOURCES ASX:ARV FRA:ATY US:ARTTF W www.artemisresources.com.au

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