Artemis Resources Limited — Share Issue/Capital Change 2007

Nov 22, 2007

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Registered Office 34 Parliament Place West Perth WA 6005 ABN 80 107 051 749

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Telephone: +618 9488 5266 Facsimile: +618 9321 6699 Email: info@artemisresources.com.au

22 November 2007

ELS472007

Company Announcements Office Australian Stock Exchange Limited Electronic Lodgement System

Dear Sir / Madam

ISSUE OF SHARES

Further to recent announcements on 4 September 2007 and 9 November 2007, Australian resources company Artemis Resources Limited (Artemis or the Company) advises that it has issued 1m shares to consultants in relation to its proposed Niger joint venture.

Further, the Company advises it has now issued 1,706,964 shortfall options to complete the nonrenounceable Loyalty Option issue pursuant to the Prospectus dated 4 September 2007. An Appendix 3B follows in relation to both issues.

Notice under Section 708A

The Company gives notice of the above issue of securities pursuant to section 708A(5)(e) of the Corporations Act 2001 (Act).

As required by section 708A(6) of the Act, the Company advises that:

1. the securities were issued without disclosure under Part 6D.2 of the Act;

2. this notice is being given pursuant to Section 708A(5)(e) of the Act;

3. the Company, as at the date of this notice has complied with:

   • (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

   • (b) section 674 of the Act; and

4. as at the date of this notice, there is no excluded information for the purposes of sections 708A(7) and (8) of the Act.

For further information, please call Barry Woodhouse on 0420 962 888.

Yours faithfully,

ARTEMIS RESOURCES LIMITED

Barry Woodhouse

DIRECTOR AND COMPANY SECRETARY

www.artemisresources.com.au