Artemis Resources Limited — Major Shareholding Notification 2017

Jul 23, 2017

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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

ASX / Media Announcement

24 July 2017

Major Shareholder increasing shareholding in Artemis.

Artemis Resources Limited (ASX Code: ARV) have been advised that its largest shareholder, Exchange Minerals Limited, a Dubai based Family Office, has increased its shareholding in the Company by 13.3 million ordinary shares. Exchange Minerals Limited now holds 50,643,300 ordinary shares in the Company or 13.94%.

The change in substantial shareholder notice is attached.

Guy Robertson Company Secretary

CONTACTS:

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

Directors:

Executive Chairman David Lenigas

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

Executive Directors Ed Mead Alex Duncan-Kemp

Company Secretary: Guy Robertson

Corporate Information ASX Code: ARV

1 | P a g e

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

Artemis Resources Limited.

107 051 749

1. Details of substantial holder (1)

Name Exchange Minerals FZE

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

substantial holder on 19/7/2017 The previous notice was given to the company on 18/02/2016 The previous notice was dated 15/02/2016

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

ompany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinary shares	36,543,300	19.9%	50,643,300	13.94%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

s follows:
Date ofchange	Person whose relevantinterest changed	Nature of change(6)	Considerationgiven in relation tochange (7)	Class and number ofsecurities affected	Person's votesaffected
Various	Exchange Minerals FZE	Dilution of interestdue to shareissues	N/A
24/2/17	Exchange Minerals FZE	Conversion of loanto shares	$60,000	800,000	800,000
19/7/17	Exchange Minerals FZE	Exercise ofOptions	$250.000	12,500,000	12,500,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder(8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person'svotes
Exchange Minerals FZE	Citicorp Nominees PtyLimited	Exchange MineralsFZE	RegisteredHolder	1,444,872fully paidordinary	1,444,872
Exchange Minerals FZE	Pershing AustraliaNominees Pty Limited	Exchange MineralsFZE	RegisteredHolder	35,898,428fully paidordinary	49,198,428