Ann: Purdy's Reward Exploration Update, page-2

Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) is pleased to provide the following update from Novo Resources Corp. (“Novo”), the Purdy’s Reward Conglomerate Gold Project managers under the Company’s existing farm-in and joint venture agreements. Purdy’s Reward is located south of Karratha in the Western Pilbara Region of Western Australia. David Lenigas, Artemis’ Executive Chairman, commented; “This is a very positive update from our earn-in partner at Purdy’s Reward, Novo Resources Corp. The trenching has certainly highlighted a lot more about the structure and nature of the gold bearing conglomerates and we look forward to moving this exciting project forward with Novo to create value for both sets of shareholders over the coming months. It is particularly pleasing to see physical evidence of fine grained gold within the multiple layers of conglomerates, as opposed to just the large watermelon seed shaped nuggets that Purdy’s Reward has become typically known for. It’s also pleasing to see the evidence that coarser gold is evident throughout the conglomerate sequence not just on the surface.”