Art Artemis Resources Limited announced positive results from a ground reconnaissance program testing gold targets within the Company's tenure located in the Pilbara region of Western Australia. Ground reconnaissance work was undertaken as part of the Company's initial exploration across known historic gold occurrences to assist with validation of some target areas. This work has confirmed mineralisation in association with multiple licence-wide structural trends.

The rock chips collected were taken proximate to previously identified targets, including specimens taken from historic workings to confirm mineralisation at these locations. These rock chip sampling results are encouraging with anomalous results across the Company's portfolio of prospects. Artemis is particularly pleased to have encountered multicommodity results at the Nickol River Hill South prospect, strong gold and silver results at the Lulu Creek prospect and significant gold at the Sing-Six/Sing Well prospect.

The mineralisation occurs as veining which appears to be structurally controlled and associated with multiple shear zones. These shear zones appear to form major structural corridors across the licence area. Assessment of these structural corridors will form the basis of forthcoming field activities.

Sing-Six Gold Nuggets: A very preliminary assessment for coarse grain gold in surface cover was completed using a gold detector at the Sing-Six prospect. This work tested a relatively small area of approximately 25m x 25m in proximity to historic hard rock gold vein workings. Results returned 21 gold nuggets (totalling 9.7gms) up to 15mm in width.

The physical characteristics of the gold include a majority with a high degree of angularity which indicates that they are very close and/or proximal to the likely hard rock source. Furthermore, some of the gold nuggets occur with attached quartz and iron oxides which compare to the mineralogy of the nearby gold bearing veins. The Company views the discovery of these nuggets as a tool to assist with near-surface targeting of hard rock gold occurrences, which is now being considered.

Next Steps: Following the completion of this small reconnaissance program, the Company now plans to execute further field programs to evaluate these broad structural zones and these emerging targets. Furthermore, consideration is being given to expand exploration and build upon the existing resource at Carlow which contains a mineral resource estimate of 704,000oz Au/Eq. Results from this preliminary program have also provided further confidence for future drilling programs and an initial first target area to be drilled is the Lulu Creek prospect, for which the Company was the recipient of a government grant for co-funded drilling.

The Company continues to progress plans to undertake heritage surveys covering the Lulu Creek gold prospect and the Mt Marie lithium prospect. Further updates will be provided shortly with the commencement dates for these surveys.