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ARTG.V ·

Artemis Announces Appointment of Key Senior Personnel

Management Changes

3083 Three Bentall Centre, 595 Burrard Street, Vancouver, BC, V7X 1L3

Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]

www.artemisgoldinc.com

NEWS RELEASE

February 8, 2021 Trading Symbol: TSX-V: ARTG

ARTEMIS ANNOUNCES APPOINTMENT OF KEY SENIOR PERSONNEL

(Vancouver, February 08, 2021) – Artemis Gold Inc. (TSX -V: ARTG) (“ Artemis” or, the “ Company”) is

pleased to announce the appointment of Candice Alderson as Senior Vice President Corporate Affairs for

the Company.

Ms. Alderson will be responsible for executing the Company’s strategy, alongside senior management, in

respect of stakeholder and gover nment affairs, and key relationship and contract management for the

Company, in respect of its Blackwater Gold Project (“Blackwater” or the “Project”). Ms. Alderson will join

the Company in her new role, based out of the Company’s Vancouver office, effective February 15, 2021.

About Candice Alderson

Ms. Alderson brings a legal and finance background with extensive major project management

experience. Notably, Ms. Alderson most recently served as Senior Vice President , Infrastructure

Investments for the Ledcor Group of Companies (“Ledcor”), a privately-owned company that is one of the

most diverse conglomerates in North America. Ledcor consists of the Commercial Construction, Property,

Industrial, Mining, Pipeline, Re source, Transportation and Telecommunication business units. Ms.

Alderson has worked with in a variety of these business units during her time at Ledcor, while also

overseeing general corporate matters, including acquisitions. She was also a member of Ledcor’s Inclusion

and Diversity Committee.

Ms. Alderson graduated with a Bachelor of Arts from Concordia University and a LLB from the University

of Victoria. Ms. Alderson was a member of the Canadian Infrastructure Law Forum Organizing Committee

and has been active on various Canadian Bar Association Committees (BC and National) during her legal

career. She has participated in the CBABC’s Women’s Lawyers Forum mentorship program for many

years. She is an alumnus of the Governor General’s Leadership Conference (2004), BC Regional Chair for

the Governor General’s 2020 Leadership Conference, and BC Vice Chair of the “Next -Gen. Now.”

Campaign for Concordia. Ms. Alderson was awarded L’Expert’s Top 40 Under 40 Rising Star Award.

Steven Dean, Chairman and CEO commented “ We are very pleased to have someone of Candice ’s

distinction and calibre join the Company as Senior VP Corporate Affairs . Her very relevant experience,

particularly in the construction and development space, will be invaluable as we work to advance the

Blackwater project and its associated infrastructure, secure construction & key supply contracts working

with our partners in preparation for a start of construction in Q2 2022.

ARTEMIS GOLD INC.

On behalf of the Board of Directors

3083 Three Bentall Centre, 595 Burrard Street, Vancouver, BC, V7X 1L3

Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]

www.artemisgoldinc.com

“Steven Dean”

Chairman and Chief Executive Officer

For further information: Chris Batalha, CFO and Corporate Secretary, +1 (604) 558-1107.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain "forward looking statements" and certain "for ward-looking

information" as defined under applicable Canadian and U.S. securities laws (together, “ forward-looking

statements”). Forward -looking statements can generally be identified by the use of forward- looking

terminology such as "may", "will", "expec t", "intend", "estimate", "anticipate", "believe", "continue",

"plans", "potential" or similar terminology. Forward- looking statements in this news release include, but

are not limited to, statements and information related to the plans of the Company regarding the Project

and other statements regarding future plans, expectations, guidance, projections, objectives, estimates

and forecasts, as well as statements as to management's expectations with respect to such matters.

Forward-looking statements and information are not historical facts and are made as of the date of this

news release. These forward -looking statements involve numerous risks and uncertainties and actual

results may vary. Important factors that may cause actual results to vary include without limitation, risks

related to the ability of the Company to accomplish its plans and objectives with respect to the Project

within the expected timing or at all; the timing and receipt of certain approvals, changes in commodity

and power prices, changes in interest and currency exchange rates, risks inherent in exploration estimates

and results, timing and success, inaccurate geological and metallurgical assumptions (including with

respect to the size, grade and recoverability of minera l reserves and resources), changes in development

or mining plans due to changes in logistical, technical or other factors, unanticipated operational

difficulties (including failure of plant, equipment or processes to operate in accordance with specifications,

cost escalation, unavailability of materials, equipment and third party contractors, delays in the receipt of

government approvals, industrial disturbances or other job action, and unanticipated events related to

health, safety and environmental matte rs), political risk, social unrest, and changes in general economic

conditions or conditions in the financial markets. In making the forward- looking statements in this news

release, the Company has applied several material assumptions, including without li mitation, the

assumptions that: (1) market fundamentals will result in sustained mineral demand and prices; ( 2) the

receipt of any necessary approvals and consents in connection with the development of any properties; (3)

the availability of financing on suitable terms for the development, construction and continued operation

of any mineral properties; and (4) sustained commodity prices such that any properties put into operation

remain economically viable. The actual results or performance by the Company could differ materially from

those expressed in, or implied by, any forward-looking statements relating to those matters. Accordingly,

no assurances can be given that any of the events anticipated by the forward- looking statements will

transpire or occur, o r if any of them do so, what impact they will have on the results of operations or

financial condition of the Company. Except as required by law, the Company is under no obligation, and

expressly disclaims any obligation, to update, alter or otherwise revi se any forward- looking statement,

whether written or oral, that may be made from time to time, whether as a result of new information,

future events or otherwise, except as may be required under applicable securities laws.