Artemis Gold Provides an Update on Impact of the Wildfires in Central B.C. on Blackwater Mine
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
July 17, 2023 TSXV:ARTG
PRESS RELEASE
Artemis Gold Provides an Update on Impact of the Wildfires in Central B.C. on Blackwater Mine
Vancouver, British Columbia – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or the “Company”) is
pleased to provide an update regarding the impact of an uncontrolled wildfire late last week in the Cariboo
Regional District in the immediate vicinity of the Company’s Blackwater Mine. As previously announced,
Artemis Gold took proactive measures to temporarily reduce the number of non -essential staff and
contractors early last week and all company staff and contractors are safe and accounted for.
The Blackwater Mine site infrastructure remains intact, including the construction camp, process plant
area, construction fleet and contractors’ fleets. Damage to property has been minimal.
“Safety is our top priority, and I couldn’t be more pleased with the proactive, organized approach our
team took to reduce non-essential workers at our mine site days before the wildfire reached our site. Our
second priority was securing the asset, and our emergency services teams implement ed very effective
protective measures across the site,” said Steven Dean, Artemis Gold Inc. Chairman and CEO.
The Company is now focused on plans to ramp back up to normal construction activities in the short term,
subject to provincial regulation. Artemis Gold does not anticipate this incident will have a material impact
on the Blackwater Mine construction schedule, and the Company continues to target first gold pour in H2
2024.
About Artemis Gold Inc.
Artemis Gold Inc. is a well -financed, growth-oriented gold development company with a strong financial
capacity aimed at creating shareholder value through the identification, acquisition, and development of
gold properties in mining -friendly jurisdictions . The company’s current focus is construction of the
Blackwater Mine project in central British Columbia approximately 160km southwest of Prince George
and 450km northeast of Vancouver. The project is one of the largest capital investments in the Bulkley -
Nechako, Fraser-Fort George and Cariboo regions of B.C. in the last decade. The first pour of gold and
silver from Blackwater Mine is expected H2 2024 and the mine is expected to be in production for a
minimum of 22 years. Artemis Gold trades on the TSX-V under the symbol ARTG. For more information
visit www.artemisgoldinc.com.
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 press release.
ARTEMIS GOLD INC.
On behalf of the Board of Directors
Steven Dean
Chairman and Chief Executive Officer
+1 604 558 1107
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
For further information
Investor Relations contact
Meg Brown
VP, Investor Relations
+1 778 899 0518
Media relations contact
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 press
release.
Cautionary Note Regarding Forward-Looking Information
This press release contains certain “forward looking statements” and certain “forward-looking information”
as defined under applicable Canadian and U.S. securities laws. Statements contained in this press
release that are not historical facts are forward-looking statements that involve known and unknown risks
and uncertainties. Any statements that refer to expectations, projections or other characterizations of
future events or circumstances contain forward -looking statements. In certain cases, f orward-looking
statements and information can be identified by the use of forward -looking terminology such as “may”,
“will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “potential” or similar
terminology. [Forward-looking statements and information are made as of the date of this press release,
and include, but are not limited to, statements regarding the potential of the Project; the jobs to be created
in connection with the Project; the contribution of the Project to the economy; opinions of the Province of
British Columbia regarding the Project and the region; agreements and relationships with Indigenous
partners; the future of mining in British Columbia; the plans of the Company with respect to the Project,
including construction, site preparation, clearing, consultation with indigenous groups , and other plans
and expectations of the Company with respect to the Project.
These forward-looking statements represent management’s current beliefs, expectations, estimates and
projections regarding future events and operating performance, which are based on information currently
available to management, management’s historical experience, perception of trends and current
business conditions, expected future developments and other factors which management considers
appropriate. Such forward-looking statements involve numerous risks and uncertainties and actual
results may vary. Important risks and other 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 development of the Project within the expected timing or at all, the timing and receipt of certain
required approvals, changes in commodity prices, changes in interest and currency exchange rates, risks
inherent in exploration estimates and results, risks inherent in exploration and development activities,
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 or third party
contractors, delays in the receipt of government approva ls, industrial disturbances, job action, and
unanticipated events related to heath, safety and environmental matters), changes in governmental
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
regulation of mining operations, political risk, social unrest, changes in general economic conditions or
conditions in the financial markets, and other risks related to the ability of the Company to proceed with
its plans for the Project and other risks set out in the Company’s most recent MD&A , which is available
on SEDAR at www.sedar.com.
In making the forward-looking statements in this press 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) any necessary approvals and consents in connection with the
development of the Project will be obtained; (3) financing for the development, construction and continued
operation of the Project will continue to be available on terms suitable to the Company ; (4) su stained
commodity prices will continue to make the Project economically viable; and (5) there will not be any
unfavourable changes to the economic, political, permitting and legal climate in which the Company
operates. Although the Company has attempted to identify important factors that could affect the
Company and may cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause t he actual results or performance by
the Company to differ materially from those expressed in, or implied by, any forward-looking statements.
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 d o so, what impact they will have on the results of
operations or financial condition of the Company. Accordingly, investors should not place undue reliance
on forward -looking statements. The Company is under no obligation, and expressly disclaim 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.