Over 11,000 hectares secured for caribou habitat and restoration in Central B.C. Federal and provincial governments, First Nations and Artemis Gold collaborate on innovative Caribou Mitigation and Monitoring Plan Vancouver, British Columbia - A groundbreaking plan developed in collaboration with the
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
April 20, 2023 TSXV: ARTG
PRESS RELEASE
Over 11,000 hectares secured for caribou habitat and restoration in Central B.C.
Federal and provincial governments, First Nations and Artemis Gold collaborate on innovative Caribou Mitigation
and Monitoring Plan
Vancouver, British Columbia - A groundbreaking plan developed in collaboration with the federal and
provincial governments, the Lhoosk'uz Dené Nation, the Ulkatcho First Nation and Artemis Gold Inc.
(TSX-V: ARTG) (“Artemis” or the “Company”), will see 11,000 hectares secured for 50 years in central
B.C. for caribou habitat. In addition, Artemis Gold Inc. will contribute more than $2.7 million in funding
over time toward caribou habitat restoration initiatives as part of the company’s Caribou Mitigation and
Monitoring plan.
Artemis owns the Blackwater Mine project, a gold and silver mine under construction that is located on
the eastern edge of the Tweedsmuir caribou range. The population of Tweedsmuir caribou has
dwindled over the past few decades due to several factors. The land securement is located in and
around Capoose Mountain, adjoining Tweedsmuir Park, in a provincially designated high elevation
ungulate winter range for caribou habitat with known recent and regular caribou use. The securement
commits the company to not explore or develop its mineral tenures in the securement area1. The
ungulate winter range designation also precludes logging, effectively eliminating the potential for
industrial activity in the area.
The funding component of the plan will be used for caribou habitat restoration initiatives led by the
Lhoosk'uz Dené Nation and the Ulkatcho First Nation. The two Nations plan to collaborate with the
provincial and federal governments to identify and implement priority caribou habitat restoration
projects. The plan also commits the company to work closely with the Lhoosk'uz Dené Nation, the
Ulkatcho First Nation and the federal and provincial governments on caribou monitoring initiatives
throughout the region.
“It is a privilege to partner and work with the Lhoosk'uz Dené Nation, the Ulkatcho First Nation, and the
provincial and federal governments on a plan that will help accommodate the growth and rehabilitation
of the Tweedsmuir herd,” said Steven Dean, Chairman and CEO of Artemis Gold Inc., “We support the
Lhoosk'uz Dené Nation and the Ulkatcho First Nation in their plans to lead this important work, and
view the provincial and federal government support for this initiative as a meaningful step towards
reconciliation.”
The development of the Caribou Mitigation and Monitoring plan is the first time a company, the
provincial government and First Nations have collaborated to secure mineral tenures for a period of
time in connection with caribou offsetting. It is also the first time an order under the Environment and
Land Use Act has been used to ensure the preservation and maintenance of caribou habitat by
securing mineral tenures.
1 The securement area includes a mineral deposit defined by the previous owners of the Blackwater Project, but which mineral deposit is located
outside of and does not form part of the reserves and resources for the Blackwater Project as defined by Artemis.
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
“Respectful relationships between industry and First Nations are foundational to reconciliation efforts and
economic prosperity for all British Columbians,” said Josie Osborne, Minister of Energy, Mines and Low
Carbon Innovation. “This initiative combines Indigenous traditional knowledge with industry resources to
secure and steward 11,000 hectares of land together with funding for caribou habitat and restoration
programs. It is a meaningful example of the potential that can be realized when responsible res ource
projects proceed in our province.”
“The recovery of endangered caribou herds is incredibly important, and the complex nature of this work
requires deep partnership between the province, First Nations and industry,” said Nathan Cullen, Minister
of Water, Land and Resource Stewardship. “Artemis Gold’s decision to defer development in 11,000
hectares of critical habitat is a good example of what can be achieved when these partners work together
in a respectful way that benefits both ecosystem health, caribou recovery and economic activity.”
“Our connection to the land, the water, the mountains and the Caribou are all very sacred . We truly
believe the Caribou Mitigation and Monitoring plan we developed with Artemis Gold Inc, Ulkatcho First
Nation and th e federal and provincial governments is precedent setting, and we look forward to
implementing the plans and seeing the Caribou flourish again,” Council, Lhoosk’uz Dené Nation.
“Working with Artemis Gold, Lhoosk’uz Dené Nation, and the provincial and fede ral governments to
address the decline in Caribou has been an important collaboration,” said Chief Lynda Price of the
Ulkatcho First Nation. “There has always been a cultural connection between Caribou and the Ulkatcho
First Nation, and we see success as protecting the Tweedsmuir and Itcha Ilgachuz herds and increasing
our local herd populations.”
Watch here for more information about the multiparty collaboration that led to the Caribou Mitigation
and Monitoring plan, and what it means for the Lhoosk'uz Dené Nation and the Ulkatcho First Nation:
https://youtu.be/Tl_UfCjo2Qc
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 trades on the TSX-V under the symbol “ARTG”. For more information
visit: 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 news release.
ARTEMIS GOLD INC.
On behalf of the Board of Directors
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
“Steven Dean”
Chairman and Chief Executive Officer
+1 604 558 1107
For further information
Investor Relations contact
Gerrie van der Westhuizen
Chief Financial Officer and Corporate Secretary
+1 (604) 558-1107
Media relations contact
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policies of the TSX Venture Exchange) accepts re sponsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain “forward looking statements” and certain “forward-looking information”
as defined under applicable Canadian and U.S. securities laws. Forward -looking statements and
information can generally 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 not historical facts, are made as of the date of this news
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 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 de velopment 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 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, unavaila bility of materials, equipment or third party
contractors, delays in the receipt of government approvals, industrial disturbances, job action, and
unanticipated events related to heath, safety and environmental matters), the COVID -19 pandemic,
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. 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 the Project; (3)
the availability of financing on suitable terms for the development, construction and continued operation
of the Project; (4) sustained commodity prices such that the Project remains economically viable; and (5)
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
that the COVID-19 pandemic and restrictions related thereto will not materially impact the Company or
prevent the Company from operating its business as planned. The actual results or performance by the
Company could 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 financial condition of the Company. Except as required by law, 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.