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ARTG.V ·

Artemis Announces Commencement of Blackwater Plant Site Earthworks

Corporate Updates

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

September 29, 2022 Trading Symbol: TSX-V: ARTG

ARTEMIS ANNOUNCES COMMENCEMENT OF BLACKWATER PLANT SITE EARTHWORKS

Vancouver, British Columbia – Artemis Gold Inc. – September 29, 2022 (TSX-V: ARTG) ("Artemis" or the

"Company") is pleased to announce that the Company has fulfilled all EA conditions required to

commence site preparation work at the plant site for the Blackwater project (“Blackwater” or the

“Project”). With the satisfaction of all EA conditions, Artemis has now commenced early works including

site clearing, bulk earthworks and sediment/erosion control works to prepare the Blackwater plant site

for the start of major works construction activities in Q1 2023.

Steven Dean, Chairman and CEO commented, “ The fulfillment of all EA conditions to begin work on the

Blackwater plant site is the culmination of substantial work by the Artemis team . This plant site

preparation activities is another opportunity derisk the start of major construction activities in Q1 2023

following receipt of the final BC Mines Act Permits in Fall 2022.”

Further updates will be provided in due course.

Qualified Person

Jeremy Langford, FAUSIMM, a Qualified Person as defined by National Instrument 43-101, has reviewed

and approved the scientific and technical information in this news release.

On behalf of the Board of Directors,

ARTEMIS GOLD INC.

On behalf of the Board of Directors

“Steven Dean”

Chairman and Chief Executive Officer

For further information: Nicholas Campbell, VP Capital Markets, +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

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

Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]

www.artemisgoldinc.com

This news release contains certain "forward looking statements" and certain "fo rward-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", "expe ct", "intend", "estimate", "anticipate", "believe", "continue",

"plans", "potential" , “target” 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 of the finalization of definitive documents re lated to the

PLF and the satisfaction of other conditions precedent; 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, t iming and success, inaccurate geological and metallurgical

assumptions (including with respect to the size, grade and recoverability of mineral 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 matters), political risk, social unrest, and

changes in general economic conditions or conditions in the financial mark ets. In making the forward-

looking statements in this news release, the Company has applied several material assumptions, including

without limitation, 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, or 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 revise 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.