Artemis Gold Provides Ramp-up Update at the Blackwater Mine

Press Release

February 24, 2025

Vancouver, British Columbia – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or the “Company”) is pleased to announce the Company has continued its ramp-up of the Blackwater Mine (“Blackwater”) since the first pour of gold and silver doré on January 29, 2025.

The crushing circuit is currently averaging 16,500 ore tonnes per day (in excess of nameplate capacity) and the ball mill is currently averaging more than 12,500 tonnes of ore per day (over 75% of nameplate capacity).

During February 2025, the Company has completed commissioning and handover of its third production excavator. Blackwater’s heavy haul fleet is direct-tipping into the primary crusher. Operations integration and budgeted operational roles have all been filled.

The processing facility is currently stripping carbon on a daily basis and the performance of both the dry and wet plant are expected to increase  further as Blackwater continues to target commercial production in Q2 2025.

About Artemis Gold

Artemis Gold 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 the Blackwater Mine in central British Columbia approximately 160km southwest of Prince George and 450km northeast of Vancouver. First gold and silver pour at Blackwater was achieved in January 2025 and the Company is focussed on ramping up to commercial production in Q2 2025. 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.

On behalf of the Board of Directors

Steven Dean
Chairman and Chief Executive Officer
+1 604 558 1107

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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