Artemis Resources Limited — Capital/Financing Update 2020

Feb 4, 2020

ASX / MEDIA ANNOUNCEMENT

ARTEMIS COMPLETES CAPITAL RAISE

5 February 2020

ASX : ARV ATY : FRANKFURT ARTTF: OTCQB

GOLD FOCUSSED

ARTEMIS RESOURCES LIMITED A GOLD AND COPPER FOCUSED COMPANY WITH ASSETS IN THE WEST PILBARA AND THE PATERSONS RANGE OF WESTERN AUSTRALIA.

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

ARTEMIS ALSO HAS ~605 KM[2] IN THE PATERSONS RANGE WITH GOLD AND COPPER TARGETS 40KM FROM THE TELFER GOLD MINE AND SURROUNDING THE HAVIERON DISCOVERY BEING DRILLED BY NEWCREST.

Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt:ATY, US OTCQB:ARTTF) is pleased to advise that it has completed the capital raising announced on 29 January 2020, raising $2,127,812,50 (before costs).

The Company has issued 85,112,500 shares at 2.5 cents per share under LR 7.1 to institutions and professional investors.

Work programs to advance the Patersons Central Au-Cu Project and the Carlow Castle Au-Cu-Co Project have now been activated:

• Patersons Central which surrounds the Havieron discovery owned by Greatland Gold, and being drilled by Newcrest, has a geochemical program designed which will be completed as soon as practicable allowing for a Phase 1 drill target design.

• Carlow Castle drilling plan has been finalised, which will focus on increasing the JORC 2012 resource with down dip and along strike drilling. The drilling is planned within areas that have heritage surveys completed and approved POW’s for drilling.

The Board takes this opportunity to welcome new shareholders who participated in the capital raise and thank our existing shareholders for their ongoing support.

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

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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