Artemis Gold Reports Unplanned Mill Shutdown at Blackwater

Press Release

March 12, 2026

Vancouver, British Columbia – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or the “Company”) reports an unplanned mill shutdown at the Blackwater Mine.

The Company is currently experiencing an unplanned production outage at its Blackwater Mine due to the failure of a ball mill gearbox that occurred on March 11, 2026. The Company has a suitable replacement spare gearbox available. The current estimated time to complete repairs and restart mill operations is between 8 and 10 days.

Plans are currently underway to make use of this interruption in milling operations to carry out various maintenance activities that were originally planned for early Q2 2026. Mining related activities are continuing normally.

Production in Q1 2026 is expected to be lower than originally anticipated as a result of this mill outage. The Company is not currently revising its full year production guidance of 265,000 to 290,000 ounces of gold as it is evaluating 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
mbrown@artemisgoldinc.com
+1 778 899 0518

Media relations contact

media@artemisgoldinc.com

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