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Artemis Secures Long Lead Time Equipment Orders For Crushing and Grinding Equipment at Blackwater

Press Release

(Vancouver, June 9, 2022) – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis” or the “Company”) is pleased to announce that Sedgman Canada Limited (“Sedgman”) has executed an agreement (the “Agreement”) with Metso Outotec Canada Inc. (“Metso Outotec”), a subsidiary of Metso Outotec Corporation, to secure supply and delivery of crushing and grinding equipment for the Company’s Blackwater Gold Project (“Blackwater” or the “Project”) in Central British Columbia.

The Agreement was executed as part of the interim services agreement with Sedgman announced in May 2022. This agreement secures the pricing and supply of the 4265Mk-III primary gyratory crusher, the HP 900 secondary and tertiary cone crushers and the 14MW Ball Mill for the Phase 1 process plant at Blackwater. The cost of the crushing and grinding equipment is in line with the $312 million EPC price awarded to Sedgman in May 2022.

Jeremy Langford, COO commented, “Securing the pricing and delivery schedule for the long-lead time crushing and grinding equipment with Metso Outotec is another key derisking catalyst for the Blackwater Project. The delivery of this equipment is consistent with the development schedule targeting commissioning and first gold pour at Blackwater in H1 2024. The execution of this agreement also provides detailed equipment specifications, allowing Artemis and Sedgman to further advance detailed engineering of the process plant in advance of the start of major works.”

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.

On behalf of the Board of Directors

“Steven Dean”

Chairman and Chief Executive Officer

For further information: Nicholas Campbell, VP Capital Markets, +1 (604) 558-1107.


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