Artemis Resources Limited — Director's Dealing 2010

May 24, 2010

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity ARTEMIS RESOURCES LIMITED

ACN 107 051 749

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Sevag Chalabian
Date of last notice	12 June 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	STC Advisory Pty Ltd ATF Family Trust> (Mr Sevag Chalabian is a potential beneficiary of the Trust) Brutus Investments Pty Limited of which Mr Sevag Chalabian is a shareholder and director
Date of change	19 May 2010
No. of securities held prior to change	630,812 Ordinary shares
Class	Ordinary Shares
Number acquired	2,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$110,000 ($0.055 per share)

• See chapter 19 for defined terms.

{00083521 \ 2070151 \ SYC}

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

No. of securities held after change 2,630,812 Ordinary shares 1,000,000 unlisted options (15c exercise price) 1,000,000 unlisted options (10c exercise price) Nature of change Off market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change
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{00083521 \ 2070151 \ SYC}

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002