Artemis Gold Inc · TSXV:ARTG
Artemis Gold — Corporate Update (September 2026)
40 slides from Artemis Gold's corporate update, Sep 16, 2026
Slide 1: Disciplined Development of the Blackwater Mine
TSX-V: ARTG | artemisgoldinc.com Disciplined Development of the Blackwater Mine SEPTEMBER 16-17, 2026 – MINE TOUR
Slide 2: Cautionary Note Regarding Forward-looking Information
Cautionary Note Regarding Forward-looking Information This presentation contains certain forward-looking statements and forward-looking information as defined under applicable Canadian and U.S. securities laws. Statements contained in this presentation that are not historical facts are forward-looki
Slide 3: Robust Investment Thesis
Robust Investment Thesis Building a low-cost >500,000 oz per year producer by end of 2028 High-quality, long-life asset in a Tier 1 jurisdiction Delivering on a consistent strategy 100% exposure to British Columbia with district potential Centred around disciplined capital allocation, including prog
Slide 4: Team
Team Dale Andres Jeremy Langford Erik Marchand Tony Scott Candice Alderson CEO and Director President CFO and Corporate Secretary Chief Business Development Chief ESG Officer Officer Adam Gyorffy Shane Budd Andrew Overholt Meg Brown Mine General Manager SVP Construction Manager, Technical Services V
Slide 5: Blackwater Mine: Our Competitive Advantages
Blackwater Mine: Our Competitive Advantages Industry-leading growth profile Blackwater is growing to become one of Canada’s largest single gold mines • Located in British Columbia, a Tier 1 jurisdiction • Moderate climate, year-round access • Supportive government policy and effective regulations, p
Slide 6: Best in Class ESG
Best in Class ESG Leading with Integrity Environment Social Governance • Mill is powered by renewable • 60% of independent directors are female • Culturally-appropriate engagement with First hydroelectricity and has zero Scope 1 • Executive pay tied to ESG metrics Nations and communities emissions •
Slide 7: First Nations
First Nations TSX: ARTG | artemisgold.com 7
Slide 8: Health, Safety, Environment and People
Health, Safety, Environment and People Health and Safety • Over 8 million hours LTI free • Development of Risk Management programs • Focus on everyone goes home safe and healthy Environment YTD Frequencies at end August 2026 • Continued focus on reduction of environmental incidents/exposures Total R
Slide 9: Track Record of Success and Value Creation
Track Record of Success and Value Creation 580% share price appreciation over past three years – strongly outperforming GDX and GDXJ1 Declared Refinanced Announced EP2 commercial project loan Delivered major works Declared Completed construction of production, just facility with Launched 192,808 oz
Slide 10: Mine Operations Performing Well
Mine Operations Performing Well Open pit development progressing on plan • Phase 1 pit successfully developed and now predominantly ore • Waste stripping of Phases 2/3 is well advanced • In good position for delivery of ore supply and TSF construction materials in 2027 • ~24 Mt stockpiled low- and m
Slide 11: Mine Fleet Scaling Up in Preparation for Mill Expansions
Mine Fleet Scaling Up in Preparation for Mill Expansions Mine Fleet Model Phase 1 2026 Additions 6060 1 +1 Loading 6040 2 Haulage 793 16 +5 Drilling MD6250 4 x Owner CAT 600-ton face shovel CAT 793 240t haul truck CAT 6250 production drill TSX: ARTG | artemisgold.com 11
Slide 12: Mine Operations
Mine Operations TSX: ARTG | artemisgold.com 12
Slide 13: Quality Grade Control Program with Positive Reconciliation
Quality Grade Control Program with Positive Reconciliation RC vs blasthole – better sampling, better planning - 12.5m x 12.5m drill pattern, targeting 30m to 50m depth - Cone splitter sampling and 500g Chrysos PhotonAssayTM - Conditional simulation grade control modelling - 6 to 12 months production
Slide 14: Production Performance Continuing to Trend Higher
Production Performance Continuing to Trend Higher Increasing gold recovery • From 84.0% in Q2 2025 to 92.2% in Q2 2026 Record gold production • 74 koz in Q2 2026 with higher grades processed Focused on throughput reliability • Stability and reliability to consistently operate above design 80 95 70 7
Slide 15: Processing Plant Availability and Reliability Improvements
Processing Plant Availability and Reliability Improvements Milled tonnes per operating hour is at or above Phase 1 design • Mill utilization is below target year-to-date • Recent crushing circuit improvements will allow for feed size optimization to the ball mill Mechanical and structural upgrades p
Slide 16: Crushing Circuit Ready for Phase 1A Throughput
Crushing Circuit Ready for Phase 1A Throughput Crushing capacity is in place for Phase 1A • 8 Mtpa throughput rate already demonstrated Key upgrades completed • Tertiary crushers, screening, conveying and controls improved, resulting in a step change in performance Further optimizations planned • Fi
Slide 17: Water and Tailings Management Facilities
Water and Tailings Management Facilities Facilities are being expanded to protect downstream ecosystems, in line with EA commitments • Previously completed (2024-2025) • TSF-C Stage 1/2 raises, Sediment Control Pond, Interim Environmental Control Dam, Water Management Pond, Central Diversion System
Slide 18: Water and Tailings Management Facilities
Water and Tailings Management Facilities Freshwater Reservoir Interception Trench (end 2028) Env. Control Dam (end 2028) TSF Dam D (end 2028) TSF Dam C (end 2028) TSF Dam C (end 2026) Waste rock dump TSX: ARTG | artemisgold.com 18
Slide 19: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights Strong AISC margins1; record operating cash flow Select Financial Information • Record 78,126 oz gold sold in Q2 2026 ($millions except AISC and per share information)2 Q1 2026 Q2 2026 • 49,052 oz sold into spot market at realized price of US$4,392/oz Revenue $315.4 $433
Slide 20: Financial Strength: Funding Certainty for EP2
Financial Strength: Funding Certainty for EP2 Significant Liquidity Production Growth Downside Price Protection Profits Protected $179M cash Total Q2 available liquidity $879M $700M RCF Strong Q2 2026 cash Phase 1A drives Put options protect 12 months Catastrophic event insurance balance plus fully
Slide 21: Site Operating Cost Structure
Site Operating Cost Structure Labour, 31% • Low fuel exposure: Blackwater benefits from relatively low exposure to fuel consumption due to the downhill haul from the pit to the process plant and stockpile areas. Power, 2% • Low-cost renewable power: The process plant is fully powered by British Colu
Slide 22: 2026 Guidance
2026 Guidance Production guidance 265,000-290,000 oz gold; trending toward higher end of cost guidance range $millions, unless stated otherwise 2026 Guidance YTD at June 30 Gold production (oz) 265,000 - 290,000 135,986 AISC1 (US$/oz sold) $925 - $1,025 $1,013 Sustaining capital $5 $3 Resource expan
Slide 23: Meaningful and Near-term Growth Opportunities
Meaningful and Near-term Growth Opportunities Delivery and Optimization ➢Asset performance – reliability, debottlenecking and improvement projects Near term Growth ➢Transformational expansions – Phase 1A commissioning in Q4 2026 (+33%), followed by EP2 in H2 2028 Long term ➢Future expansion options
Slide 24: Growth Timeline – EP2 Construction Underway; Ahead of Schedule
Growth Timeline – EP2 Construction Underway; Ahead of Schedule 2025 2026 2027 2028 2029+ PHASE 1, PHASE 1A and EP2 OPTIMIZATION TSF and Water Management Infrastructure Mining Equipment Ramp Up Phase 1A Plant Construction Phase 1A Commissioning EP2 Early Works EP2 Plant Construction EP2 Commissioning
Slide 25: Phase 1A & EP2 – Aerial Tour Sept 2, 2026
Phase 1A & EP2 – Aerial Tour Sept 2, 2026 https://youtu.be/vMBfMnd3aO8 TSX: ARTG | artemisgold.com 25
Slide 26: Phase 1A – A Capital Efficient Growth Opportunity
Phase 1A – A Capital Efficient Growth Opportunity 33% Nameplate plant capacity Capital cost Low capital intensity 6 Mtpa Q3 2025 8 Mtpa Q4 2026 in nameplate capacity from Phase 1 $120M $60 per tonne of annual throughput • Phase 1A will be funded through operating cash flows; payback period of <6 mon
Slide 27: Phase 1A Progress
Phase 1A Progress Phase 1A 57% complete at the end of Q2 2026 The following milestones have been achieved: • Vertimill building structural steel erection well advanced and Vertimill installation commenced on site • New cyclone cluster received site • New pre-aeration tank erection complete including
Slide 28: Phase 1A Progress
Phase 1A Progress LHS shear reactor pumphouse and RHS structure foundation and containment slab Phase 1A structural steel pre assembly – Sept 2026 complete – Sept 2026 TSX: ARTG | artemisgold.com 28
Slide 29: EP2 – Transforming Blackwater into one of Canada's largest gold mines
EP2 – Transforming Blackwater into one of Canada’s largest gold mines Nameplate plant capacity Capital cost Low capital intensity 8 Mtpa 21 Mtpa 250% $1.44B $110 per tonne of annual throughput Q4 2026 Q4 2028 in nameplate capacity from Phase 1 Transforms Blackwater into one of the three largest sing
Slide 30: EP2 Progress
EP2 Progress Major works construction commenced ahead of schedule Early works program nearing completion; de-risks schedule The following milestones have been achieved: • First mass concrete pour for the ball and SAG mill foundations complete. • Ball mill plinths rebar and form well underway • CIL t
Slide 31: EP2 Progress
EP2 Progress LHS ball mill raft and pedestal (first lift) RHS SAG mill raft. Surrounding area mill Excavation In bedrock new primary crusher – Sept 2026 building foundation (pre cast) prep – Sept 2026 TSX: ARTG | artemisgold.com 31
Slide 32: EP2 Team: Proven Experience; Ready to Deliver
EP2 Team: Proven Experience; Ready to Deliver 200+ years of combined experience delivering large-scale mining projects Jeremy Langford, President Shane Budd, SVP Construction • Delivered Blackwater Phase 1 on time, on budget and to • Delivered Blackwater Phase 1 on time, on budget and to commercial
Slide 33: Further Growth, Optionality and Upside – 2026 Focus
Further Growth, Optionality and Upside – 2026 Focus Optimization studies planned • Mine design and scheduling – update for current prices and with cutoff grade optimization • Processing expansion – optimization and Phase 3 options above 21Mtpa • Mining equipment – shovel electrification and haulage
Slide 34: Gold Price Resource Upside
Gold Price Resource Upside • Current reserves based on a US$1,400/oz gold price pit shell Purple Surface – Reserve pit shell (US$1,400/oz Au) • At US$2,000/oz gold price, the pit shell potentially expands MINERAL RESERVE AT US$1,400/OZ GOLD PRICE Tonnes AuEq AuEq Category (Mt) (g/t) Moz Mineral 331.
Slide 35: Resource Expansion Upside
Resource Expansion Upside • Resource expansion potential is substantial • First two diamond drill holes1 intercepted significant mineralization below current reserve pit ✓ BWDD26001 intercepted 259m at 1.22 g/t Au, including 85m at 2.29 g/t Au ✓ Both holes intercepted significant mineralization belo
Slide 36: Regional Exploration Upside – Highly Prospective District
Regional Exploration Upside – Highly Prospective District Land package of 1,490 km2 prospective for multiple deposit types • Over 30 targets identified within trucking distance of the Blackwater mine • Regional exploration drilling began in October 2025 • 15,000 - 25,000 metres, up to 150 holes • >1
Slide 37: Tour Route
Tour Route TSX: ARTG | artemisgold.com 37
Slide 38: Appendix
ARTEMIS GOLD INC Appendix
Slide 39: Mineral Reserve Estimate for Blackwater
Mineral Reserve Estimate for Blackwater 1. Mineral Reserves are reported at the point of delivery to the primary crusher, inclusive of mining loss and dilution, using the 2014 CIM Definition Standards, and have an effective date of December 31, 2025. 2. Mineral Reserves are depleted to a surveyed as
Slide 40: Mineral Resource Estimate for Blackwater
Mineral Resource Estimate for Blackwater 1. The Mineral Resource estimate was prepared by Sue Bird, P.Eng., the Qualified Person for the estimate, and an employee of Moose Mountain Technical Services. 2. Mineral Resources are reported using the 2014 CIM Definition Standards and are estimated in acco