Artemis Resources Limited - FIRM COMMITMENTS TO RAISE A$4M RECEIVED TO FUND KARRATHA GOLD PROJECT DRILLING

About this update from Artemis Resources Limited

Artemis Resources Limited ('Artemis' or 'the Company') (ASX/AIM:ARV) is pleased to advise it has received firm commitments for a capital raising of A$4 million . The raise received strong support from sophisticated and institutional investors. Executive Director George Ventouras commented: 'We are pleased to have received strong support from shareholders and new investors. This raise will enable the drilling of high priority exploration targets which were refined following extensive groundwork in 2024. This important work provided the platform to commence drilling, which we intend to start in late January 2025 . The targets that the Company intends to drill in this program covers only a small percentage of the tenement package, providing further opportunity and potential upside for the exploration over the greater tenement areas. We look forward to updating our shareholders on progress in the new year.' Artemis will issue in total 571,428,571 new shares at $0.007 per share representing a 27.6% discount to the 15-day Volume Weighted Average Price (VWAP). The issue of shares will be undertaken in two tranches: Tranche one: to raise $2,009,000 with the issue of 287,000,000 shares (approx. 50.23%) at $0.007 under Listing Rule 7.1 ('First Tranche') and Tranche Two: to raise $1,991,000 with the issue of 284,428,571 shares (remaining 49.77%) at $0.007 under Listing Rule 7.1 ('Second Tranche') and following shareholder approval of additional capacity at an Extraordinary General Meeting (EGM) to be held on a date to be confirmed by the Company in due course. In addition, the Company will also issue approximately 67,321,429 broker options with an exercise price of $0.015 and expiry date of 2 years after issue. Contact: George Ventouras Executive Director Email: [email protected] About Artemis Resources Artemis Resources (ASX/AIM:ARV) is a gold, copper and lithium focused resources company with projects in the West Pilbara region of Western Australia . The Company's main projects include; Karratha Gold Project including the Carlow Castle gold/copper project Karratha Lithium Project including the high-grade Mt Marie Lithium Prospect and the Osborne Lithium JV (Artemis 49%; GreenTech Metals (ASX:GRE 51%) Paterson Central Gold/Copper project in the Paterson Province (located adjacent to Greatland Gold's gold-copper discovery at Havieron and only 42km from the Telfer gold mine) Artemis also owns the Radio Hill processing plant, located only 35km from Karratha (C) 2024 Electronic News Publishing, source ENP Newswire

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