Mr. Dale Andres reports

ARTEMIS GOLD ANNOUNCES RECORD Q2 2026 PRODUCTION RESULTS

Artemis Gold Inc. has released its production results for the three months ended June 30, 2026 (Q2 (second quarter) 2026) at the Blackwater mine in central British Columbia.

Blackwater produced a quarterly record 74,063 ounces of gold in Q2 2026, a 20-per-cent increase from the previous quarter, driven by higher feed grades, higher gold recoveries and higher mill throughout in the processing plant. Year to date, Blackwater has produced 135,986 ounces of gold and is on track to achieve its full-year production guidance of 265,000 to 290,000 ounces of gold.

The plant processed 1.34 million tonnes during the quarter, with feed grades averaging 1.86 grams per tonne (g/t) gold and gold recoveries reaching a record 92.2 per cent as a result of continued process optimization. Debottlenecking and improvement projects are continuing in the crushing, grinding and leach circuits as efforts continue to focus on increasing plant throughput and improving reliability.

The phase 1A expansion project, which will increase annual design throughput of the existing process plant by 33 per cent to eight million tonnes per annum (mtpa), is progressing well and remains on track for commissioning before the end of the year.

Artemis Gold chief executive officer Dale Andres commented: "We achieved strong production results for the quarter with record quarterly grades, recoveries and gold production, and we remain well positioned to achieve our full-year production guidance.

"In addition to the phase 1A expansion, we continue to advance early works activities on the expanded phase 2 (EP2) project, which will increase annual throughput to 21 mtpa before the end of 2028 by adding a second, larger processing train to the existing facility. These projects will more than triple our current processing capacity and increase annual gold production to more than 500,000 ounces."

Conference call and webcast details

Q2 2026 financial and operating results will be announced before markets on Aug. 6, 2026, and will host a conference call and webcast the same day at 9 a.m. PDT (12 p.m. EDT).

Conference call

Toll-free in Canada and the United States:  1-833-752-3746

International:  1-647-846-8723

Webcast:  The webcast will be available for replay on the company's website until Nov. 6, 2026.

About Artemis Gold Inc.

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 160 kilometres 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 Venture Exchange under the symbol ARTG and the OTCQX under the symbol ARGTF.

Artemis Gold chief business development officer Tony Scott, PGo., a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

We seek Safe Harbor.