Ann: Agrees to Sell Entire Interest in Amitsoq Graphite Project, page-5

Acquire:
Artemis Resources Limited, will acquire 90% of the private vehicle which has the right to acquire 100 per cent of exploration licence 2013/06. The acquisition price is $100,000 in cash plus the issue to the vendors and advisers of 35 million fully paid ordinary Artemis shares and 35 million Artemis share options (expiry date 31 December 2016 and an exercise price of $0.003).

Sell:
sell its entire remaining interest in the Amitsoq graphite project in Greenland to Alba Mineral Resources plc (“Alba”) for £150,000 (A$245,000)

• Total consideration payable to Artemis of £150,000 ($A$245,000), of which a £60,000 deposit shall
be payable (£40,000 in cash and 6,493,507 fully paid ordinary shares in Alba ‐ being £20,000 in
Alba shares calculated at a 20 trading day volume‐weighted average price).
• Completion of the acquisition is conditional on the obtaining of Greenlandic Governmental
approvals to the transfer of the interest.
•  On Completion, Alba will pay the remaining £90,000 of the consideration, in cash or Alba shares
(at a 20 trading day VWAP) at Alba’s election but with a minimum of 50 per cent in cash unless
otherwise agreed.
•  The current farm-in agreement is between Alba and Artemis is terminated and is now superseded by
the new share sale and purchase agreement.
• If for any reason the necessary Greenlandic regulatory approvals are not forthcoming, Alba shall
be entitled to be repaid £50,000 of the initial deposit paid, in cash or Artemis shares at the
latter’s election.