Artemis Gold Announces Pricing of $450 Million, 5-Year Senior Unsecured Notes to Refinance Revolving Credit Facility

Press Release

January 27, 2026

Vancouver, British Columbia – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or the “Company”) announces the pricing of its previously announced private placement offering (the “Offering”) of $450 million aggregate principal amount of senior unsecured notes due 2031 (the “Notes”) which bear interest at 5.625% per annum and includes a standard two-year non-call period. In connection with the Offering, the Company has entered into an underwriting agreement with a syndicate of underwriters for the sale of the Notes. The Notes will be issued at par under a trust indenture and will be direct senior unsecured obligations of Artemis Gold ranking equal with all other present and future senior unsecured indebtedness of the Company. Closing of the Offering is expected to occur on or about February 3, 2026, subject to satisfaction of customary closing conditions.

The Company currently has approximately $450 million outstanding under its revolving credit facility (the “RCF”). Subject to completion of the Offering, the net proceeds are expected to be used to refinance amounts outstanding under the RCF and pay bond issuance related transaction expenses.

The Offering received significant demand from a broad base of investors. The combined order book was approximately $1.6 billion, resulting in an oversubscription of more than 3.5 times. Relative to the Company’s current RCF pricing, the Notes represent a competitive source of long-term fixed-rate debt capital, reducing exposure to variable interest rate risk. The bond issuance has been rated B+ by S&P and BB- by Fitch, underscoring the strength of the Blackwater asset and the Company’s current credit profile, and strategically positions the Company well to execute on our previously announced growth plans.

BMO Capital Markets and RBC Capital Markets are acting as joint active bookrunners and National Bank Capital Markets as joint passive bookrunner for the Offering. Customary fees for similar bond issuances apply. The Notes will be offered in each of the provinces of Canada and in the United States on a private placement basis. The Notes will not be qualified for distribution to the public or registered under the securities laws of any province or territory of Canada or in the United States. They will only be offered in the provinces of Canada and in the United States pursuant to applicable exemptions from the prospectus and registration requirements thereunder.

This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. No securities regulatory authority has either approved or disapproved of the contents of this news release.

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. Blackwater produced 192,808 ounces of gold in 2025, its first year of operation, and is expected to produce 265,000-290,000 ounces of gold in 2026 at all-in sustaining costs¹ of $925-$1,025 per ounce of gold sold, making it one of the lowest cost and highest margin mines in the industry. 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
mbrown@artemisgoldinc.com
+1 778 899 0518

Media relations contact

media@artemisgoldinc.com

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