Artemis Gold : Announces Increase in Ownership of Common Shares of Velocity Minerals Ltd.

Vancouver - Artemis Gold Inc. (TSX-V: ARTG) ('Artemis' or, the 'Company') announces that the Company has acquired 21,211,136 common shares (the 'Shares') of Velocity Minerals Ltd. ('Velocity') at a price of $0.25 per Share pursuant to the exercise of a convertible debenture in the principal amount of $5,094,000, along with accrued and unpaid interest of $208,784.

The Debentures were originally issued by way of a private placement on March 14, 2019.

Prior to the exercise of the Debenture, the Company held 29,490,002 Shares, and the Company's non-diluted shareholdings represented approximately 21.7% of Velocity's issued and outstanding Shares on an undiluted basis and 36.7% on a partially diluted basis.

As a result of the exercise of the Debenture, the Company now holds 50,701,138 Shares and 11,883,443 Share purchase warrants. The Company's shareholdings now represent approximately 32.3% of Velocity's issued and outstanding Shares on an undiluted basis and 37.0% on a partially diluted basis.

Contact:

Chris Batalha

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