Artemis Gold Resumes Full Milling Operations at Blackwater
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March 18, 2026 TSXV: ARTG
PRESS RELEASE
Artemis Gold Resumes Full Milling Operations at Blackwater
Vancouver, British Columbia – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or the “Company”)
has resumed full milling operations at the Blackwater Mine following an unplanned shutdown on March
11, 2026. The shutdown was due to a gearbox failure on the ball mill which has now been replaced .
Milling operations were interrupted for 7 days (compared to the previous estimate of 8 to 10 days).
Q1 2026 production will be lower than originally anticipated as a result of this interruption. The Company
is maintaining its full year production guidance of 265,000 to 290,000 ounces of gold with plans to make
up for the Q1 production shortfall due to this unplanned event.
About Artemis Gold
Artemis Gold is a well-financed, growth-oriented gold and silver producer and 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 primary focus is the
operation and further development of the Blackwater Mine in central British Columbia approximately
160km southwest of Prince George and 450 kilometres northeast of Vancouver. The first gold and silver
pour at Blackwater was achieved in January 2025 and commercial production was declared on May 1,
2025. Artemis Gold trades on the TSX -V under the symbol ARTG and the OTCQX under the symbol
ARGTF. For more information visit www.artemisgoldinc.com.
Qualified Person
Artemis Gold Chief Business Development Officer, Tony Scott, P. Geo., a Qualified Person as defined
by National Instrument 43-101, has reviewed and approved the scientific and technical information in this
press release.
Investor Relations contact
Meg Brown
Vice President, 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 news
release.
Cautionary Note Regarding Forward-looking Information
This press release contains certain forward -looking statements and 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, forward-looking
statements and information can be identified using forward -looking terminology such as “may”, “will”, “expect”, “intend”,
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“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 the strategy, plans,
future financial and operating performance of the Blackwater Mine , including (i) estimates of grades, throughput, recoveries,
future production and sales and (ii) other financial and operational expectations of the Company with respect to the mine.
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 ability of the Company to accomplish its plans and objectives with respect to the operations, optimization, enhancement
and expansion of the Blackwater Mine within the expected timing or at all, the timing and receipt of certain required a pprovals,
changes in commodity prices, changes in interest and currency exchange rates, litigation risks (including the anticipated outcome
or resolution of ongoing or potential claims and counterclaims, the timing and success of such claims and counterclaims) , risks
inherent in mineral resource and mineral reserves estimates and results, risks inherent in exploration and development activities,
changes in exploration, mining, optimization, enhancement or expansion 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 or unanticipated delays to the delivery of materials, resources (including
hydropower), plant and equipment or third party contractors, delays in the receipt of government approvals, industrial
disturbances, job action, and unanticipated events related to health, safety and environmental matters including climate change,
weather events, and the possibility that assumptions relating to hydrogeological conditions, water quality, water availabilit y or
related mitigation measur es may prove inaccurate or incomplete) ), changes in governmental 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 Mine and other risks set out in the Company’s most recent MD&A,
which is available on the Company’s website at www.artemisgoldinc.com and on SEDAR+ at www.sedarplus.ca
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 permits, approvals and consents in connection with the exploration program or the operations and expansion of the
Mine will be obtained; (3) financing for the continued operation of the Blackwater Mine and future expansion activities will
continue to be available on terms suitable to the Company; (4) sustained commodity prices will continue to make the Mine
economically viable; and (5) there will not be any unfavourable changes to the economic, political, permitting and legal clim ate
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 the 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 do so, what impact they will have on the results of operations
or the financial condition of the Company. Investors should therefore not place undue reliance on forward -looking statements.
The Company is u nder 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 because of new information, future
events or otherwise, except as may be required under applicable securities laws.