Artemis Resources Ltd. advised that the lithium pegmatite focused maiden Diamond Drilling (DDH) program at the Osborne JV tenement E47/3719, a joint venture (51% GRE: 49% ARV) held with Greentech Metals Ltd. is continuing as planned with the first hole completed to a depth of 810.2m. Several more diamond drill holes will be completed as part of this maiden drill program. These drill holes will be sited at both the Osborne and Kobe pegmatite trends within the Osborne JV tenement, aimed at providing stratigraphic/structural information and subsurface characteristics of these pegmatite zones.

This data will assist with refining the detailed follow-up drill program scheduled for early next year. The initial drill hole 23GTDD001 was sited to the north of the Southern Pegmatite zone at a location previously heritage cleared for drilling. The hole was drilled to the south at a declination of 40O to primarily test the Osborne trend and also intersect the Wally trend albeit in a position where surface mapping indicates the Wally trend is attenuated.

The hole was designed to further understand host rock geology and test down dip structural controls of surface outcropping lithium pegmatites previously identified from recently completed mapping and chip sampling programs. The drill hole was terminated at 810.2m depth, still within mineralisation. The Southern LCT pegmatite zone sits within the Osborne JV Project tenements and comprises a total combined 4km of pegmatite strike along which previous rock chip samples have returned assay results of up to 3.63% Li2O1. The initial observations from this drill hole appear very encouraging and are summarised as follows: Multiple zones of north dipping stacked pegmatites have been identified down dip of Wally and Osborne.

Individual pegmatite drill hole intersection widths range up to 24.6m. A zone at least 57m wide comprising a series of closely stacked pegmatites has been intersected below 753m depth. Preliminary interpretation suggests the Osborne pegmatite outcrop zone extends from surface down dip for at least 550m.

Hole terminated within a pegmatite zone at 810.20m indicating the system remains open at depth Detailed logging and sampling of 23GTDD001 has commenced and samples will be submitted for analysis this week. A second diamond drill hole in the Southern Pegmatite Zone designed to test a thicker part of the Wally trend approximately 350m east of 23GTDD001 (Figure 1) is already underway. Further, it is intended that another two stratigraphic diamond drill holes will look to be completed on the Kobe Zone as part of this maiden program with all diamond drilling in this first program is situated within the JV tenement.

A follow-up RC drill program is anticipated to commence in the first quarter of 2024. The design and implementation of this more detailed drill program will incorporate results and information gained from the current drill program. Approved programs of work (PoW's) and heritage clearances which facilitate current and future drill programs on the project tenements have been received.

The Company is looking forward to continuing the exploration efforts at the Osborne JV tenement and will distribute all results and assays to market after they are received and assessed. The Company will also be continuing with exploration activities on its 100% owned tenure which is likely to include mapping, soil and rock chip sampling together with analysis of aerial imagery.