Artemis Gold Inc. (TSX-V: ARTG) is pleased to announce it has received its first US$35.2 million deposit under the Silver Stream agreement  concluded on December 13, 2021 with Wheaton Precious Metals Corp. The initial deposit forms part of the US$140.8 million that Wheaton has committed to fund toward construction of the Blackwater Gold Mine. Construction activities at Blackwater are underway and progressing in accordance with the Company’s project development plan.

More details of the Silver Stream are contained in the Company’s most recent Annual Information Form that is filed on the Company’s profile on www.sedar.com.

Steven Dean, Chairman and Chief Executive Officer of Artemis Gold, said “The receipt of the first funding under the Silver Stream is an important milestone as it represents the first external funding being advanced toward Blackwater’s construction and reflects our financing partners’ confidence in the strong progress achieved to date.”

About Artemis Gold Inc.

Artemis Gold Inc. is a well-financed, growth-oriented gold 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 current focus is construction of the Blackwater Mine project in central British Columbia approximately 160km southwest of Prince George and 450km northeast of Vancouver. The project is one of the largest capital investments in the Bulkley-Nechako, Fraser-Fort George and Cariboo regions of B.C. in the last decade. The first pour of gold and silver from Blackwater Mine is expected H2 2024 and the mine is expected to be in production for a minimum of 22 years.

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.