Artemis Gold Closes $450 Million, 5-Year Senior Unsecured Notes Offering

Press Release

February 3, 2026

Vancouver, British Columbia – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or the “Company”) announces it has closed its previously announced private placement offering (the “Offering”) of $450 million aggregate principal amount of 5.625% senior unsecured notes due 2031 (the “Notes”). The Notes were issued at par under a trust indenture and are direct senior unsecured obligations of Artemis Gold ranking equal with all other present and future senior unsecured indebtedness of the Company.

As previously announced, the Company intends to use the net proceeds together with cash on hand to repay in full the balance of the Company’s revolving credit facility.

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. Fees associated with the bond issuance totalled approximately $7.4 million. The Notes were offered in the provinces of Canada and in the United States on a private placement basis. The Notes were not qualified for distribution to the public or registered under the securities laws of any province or territory of Canada or in the United States.

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

IBF4