VANCOUVER, BC, November 21, 2024 /CNW/ – Artemis Gold Inc. (TSXV: ARTG) (“Artemis Gold” or the “Company”) is pleased to provide an update on the progress made at the Blackwater Mine.

The Company has continued to make significant progress and is now in the final stages of construction and commissioning.

• The first ore was sent to the crushing circuits of the processing plant. The complete handover of the crushing circuit, from commissioning to the operating team, is planned in the coming weeks.
• Surface mining operations began during the quarter.
• The production drill and blast contractor and explosives contractor are based in Blackwater, and the company is conducting its first surface blasts as planned.
• The 225kV renewable network power line and substation were successfully commissioned and are now supplying the Blackwater site as planned. With the 25 kV power network nearing completion across the entire site, the Company plans to gradually shut down and demobilize the diesel power generation units across the site before the end of 2024.
• The construction activity of the Tailings Storage Facility (“TSF”) has been completed and the TSF is ready to enter production as planned.

The Company plans to feed the first ore into the ball mill in the coming weeks and continues to target the first gold pour before the end of the year. The project remains fully funded.

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Photo – November 2024

About Artemis Gold

Artemis Gold is a well-funded, growth-oriented gold development company with strong financial capacity aimed at creating shareholder value through the identification, acquisition and development of gold properties in Jurisdictions favorable to mining. The Company’s current focus is the construction of the Blackwater Mine in Central British Columbia about 160 km southwest of Prince George and 450 km northeast of Vancouver. The project is one of the largest capital investments in the center British Columbia in more than a decade. The first pour of gold and silver at Blackwater is planned for late fourth quarter 2024. Artemis Gold trades on the TSX-V under the ticker symbol ARTG. For more information, visit www.artemisgoldinc.com.

Qualified person

Jeremy LangfordFAUSIMM, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

On behalf of the board of directors

Steven Dean
President and CEO
+1 604 558 1107

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Caution Regarding Forward-Looking Information

This press release contains certain forward-looking statements and forward-looking information as defined by applicable Canadian and United States securities laws. Statements in this press release that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties. All statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. In certain cases, forward-looking statements and information can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”. », “believes”, “continues”. “, “plans”, “potential” or similar terminology. Forward-looking statements and information are made as of the date of this press release and include, without limitation, statements regarding the potential of the Blackwater mining project; to create in connection with the project; the contribution of the project to the economy; British Columbia regarding the project and the region; agreements and relationships with Indigenous partners; the future of mining in British Columbia; the Company’s plans for the Project, including construction, site preparation, land clearing, consultation with Indigenous groups, and other plans and expectations of the Company for the Project, including the duration or duration impact of the evacuation order in the event of a forest fire.

These forward-looking statements represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance, which are based on information currently available to management, management’s historical experience, perceptions of trends and current business conditions, expected future developments and other factors. as management deems appropriate. These forward-looking statements involve numerous risks and uncertainties, and actual results may vary. Important risks and other factors that could cause actual results to vary include, but are not limited to: risks related to the Company’s ability to achieve its plans and objectives with respect to the development of the project on or off schedule. at all, the timing and receipt of certain required approvals, changes in commodity prices, changes in interest and exchange rates, risks inherent in estimates and exploration results, risks inherent in exploration activities and development, changes in development plans or mining due to changes in logistical, technical or other aspects. factors, unforeseen operational difficulties (including factory failure, equipment or processes required to operate according to specifications, increased costs, unavailability of materials, equipment or third party contractors, delays in receiving government approvals, industrial disruptions , pressure tactics and unforeseen events related to health, safety and environmental issues), changes in government regulation of mining operations, political risks, social unrest, changes in general economic conditions or conditions of financial markets, and other risks relating to the Company’s ability to pursue its plans for the Project and other risks set forth in the Company’s most recent Management’s Discussion and Analysis, available on the Company’s website at www.artemisgoldinc.com and on SEDAR+ at www.sedarplus.ca

In making the forward-looking statements contained in this press release, the Company has applied several material assumptions, including, without limitation, assumptions that: (1) market fundamentals will result in sustained demand and prices for minerals ; (2) all approvals and consents necessary in connection with the development of the project will be obtained; (3) financing for the development, construction and continued operation of the project will continue to be available on terms suitable to the Company; (4) sustained commodity prices will continue to make the project economically viable; and (5) there will be no adverse change in the economic, political, permissive and legal climate in which the Company operates. Although the Company has attempted to identify important factors that could affect the Company and cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause the Company’s actual actions, events or results to differ materially from those described in the forward-looking statements. actual results or performance of the Company. The Company differs materially from those expressed or implied in the forward-looking statements. Therefore, no assurance can be given that any of the events anticipated in the forward-looking statements will occur or occur, or if any of them occur, what impact they will have on the results of operations or the financial situation of the Company. Investors should therefore not place undue reliance on forward-looking statements. The Company has no obligation and expressly disclaims any obligation to update, amend or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.