ARTEMIS GOLD CLOSES $385 MILLION PROJECT LOAN FINANCING AND $40 MILLION STANDBY COST OVERRUN FACILITY

Trading Symbol:   TSX-V: ARTG

All figures presented in Canadian Dollars, unless specified otherwise

VANCOUVER, BC, March 1, 2023 /CNW/ - Artemis Gold Inc. – (TSXV:ARTG.VN) ("Artemis" or the "Company") is pleased to announce that on February 28, 2023 it executed  definitive documents for a syndicated project facility with National Bank of Canada ("National Bank"), Macquarie Bank Limited ("Macquarie") , ING Capital LLC ("ING"), Société Générale ("SocGen") and Bank of Montreal ("BMO") (collectively, the "Lenders") in respect of its previously announced $385 million Project Loan Facility ("PLF") to fund a significant component of the estimated construction costs of the Company's Blackwater Gold Project ("Blackwater", or the "Project") in central British Columbia.  The PLF also provides for a $40 million standby cost overrun facility ("Standby COF").