Corporate PresentationTSX-V: ARTGwww.artemisgoldinc.comFebruary 2020

This presentation contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”,“continue”, “plans”, “potential” or similar terminology. Forward-looking statements and information are not historical facts, are made as of the date of this presentation, and include,but are not limited to, statements regarding the expectations, future plans, projections, objectives, estimates, guidance and forecasts, as well as statements as to management'sexpectations with respect to such matters. These forward looking statements involve numerous risks and uncertainties and actual results may vary. Important factors that may causeactual results to vary include without limitation, risks related to the timing and receipt of certain approvals, changes in commodity and power prices, changes in interest and currencyexchange rates, risks inherent in exploration estimates and results, timing and success, inaccurate geological and metallurgical assumptions (including with respect to the size, gradeand recoverability of mineral reserves and resources), changes in development or mining plans due to changes in logistical, technical or other factors, unanticipated operationaldifficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials, equipment and third partycontractors, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. In making the forward-looking statements in this presentation, Artemishas applied several material assumptions, including without limitation, the assumptions that: (1) market fundamentals will result in sustained mineral demand and prices; (2) the receiptof any necessary approvals and consents in connection with the development of any properties; (3) the availability of financing on suitable terms for the planned activities anddevelopment of any mineral properties; and (4) sustained commodity prices such that any properties put into operation remain economically viable. The actual results or performanceby Artemis could differ materially from those expressed in, or implied by, any forward-looking statements relating to those matters. Accordingly, no assurances can be given that any ofthe events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition ofArtemis. Except as required by law, Artemis is under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whetherwritten or oral, that may be made from time to time, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Rozino Preliminary Economic Assessment (September 2018) as noted on slide 6 – Cautionary Note Base case parameters assume a gold price of US$1,250/ounce and an exchange rate(CAD$ to US$) of 0.75. All amounts are reported in Canadian dollars unless otherwise specified. Financial results on 100% equity basis. The PEA is preliminary in nature and includesInferred mineral resources (effective date September 10, 2018) that are too speculative geologically to have economic considerations applied to them that would enable them to becategorized as mineral reserves. There is no certainty that the PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.The PEA was prepared by CSA Global, an international mining consultancy with experience in Bulgaria, in accordance with National Instrument 43-101 Standards of Disclosure forMineral Projects.

QP Statement – Stuart Mills, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this presentation related to Velocity Minerals Ltd. Jean Pautler, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this presentation related to the GK Project.

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Forward Looking & Cautionary Statements

www.artemisgoldinc.com | TSX Venture: ARTG

• Artemis Gold Inc. is a gold development company, spun out of Atlantic Gold Corporation prior to it being acquired by St Barbara Limited

• Artemis is well financed, growth-oriented and aimed at creating shareholder value through the identification, acquisition and development of gold properties in mining friendly jurisdictions

• Board and management comprise the team that built Atlantic achieving a +1,129% return on investment over the 4.5 yr period from its inception until it was acquired for $802m, against an industry index performance over the same period of -29%

• Strong balance sheet with approximately $32 Million in cash and no debt

• Current asset portfolio includes a ~39% strategic stake in Velocity Minerals Ltd. (TSX.V: VLC), as well as the right to earn 100% of the GK Property, a copper-gold porphyry and epithermal target located within northern British Columbia’s golden triangle

• Supportive shareholder base with capacity to support future longer-term capital requirements without reliance on capital markets

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Who We Are

All amounts are in Canadian Dollars unless otherwise noted www.artemisgoldinc.com | TSX Venture: ARTG

4

Strategy and Differentiators

www.artemisgoldinc.com | TSX Venture: ARTG

Focus on Shareholder

Value Creationby applying its proven management team to identify and develop unrecognized value

opportunities in misunderstood assets or

dysfunctional capital markets

Focus on Low Initial Capex

Intensity Assets with low all-in cash

costs, typically open pittable deposits in

mining friendly jurisdictions

Technically Driven

Approach with Focus on Risk Managementresource estimation methodology, grade

control for short term mine planning , fixed

construction costs and timeline

Minimize Shareholder

Dilutionthrough structured

financing and staging of development

Board and Management Shareholder Alignment

with ownership of approximately 45 %

of the Company

• 70% interest in multiple deposits in Bulgaria

• Established private Bulgarian miner as partner (Gorubso) & access to existing permitted carbon-in-leach (CIL) plant

• Goal to build a production profile of >100,000 ounces per year, sustainable over 10 years

• Most advanced deposit, Rozino, exhibits many of the key characteristics of Atlantic’s MRC Mine, namely:

• AISC of ~US$550-650/oz, Rozino PEA After Tax NPV5 of C$129m, 33% IRR (at US$1,500/oz, after tax NPV5 of C$207m, 46% IRR)

• Low initial capex• Low strip ratio deposit with a 1.51 g/t Au LoM gold grade• Resource expansion potential at existing deposits• Simple metallurgy and conventional processing methods• Potential for multiple open pits which could be treated through a central milling facility• An under-explored gold belt, with little if any modern gold exploration• Advancing to Pre-feasibility Study Q2 2020

• Artemis Equity Ownership & Rights:• 19% of VLC issued & outstanding shares• 39% on a partially-diluted basis with conversion of warrants and convertible debenture• The ability to nominate up to 2 directors depending on ownership level• Pro rata participation rights in equity securities offerings as long as Artemis owns 10% or more of Velocity

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Velocity Minerals

www.artemisgoldinc.com | TSX Venture: ARTG

*All-in Sustaining Cost (“AISC”) is defined as all cash costs related to mining and processing to final product. It includes on-mine and off-mine costs (direct and indirect). Sustaining capital costs related to continuing the business includingexploration, development and equipment required to sustain production are included. Taxes, working capital, M&A, disposals and acquisitions as well as new mine development capital costs are excluded. AISC is an industry financial measurethat has no definition under Canadian GAAP. As a result, AISC cannot be compared between companies or individual operations.

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GK Project

www.artemisgoldinc.com | TSX Venture: ARTG

• Early-stage exploration property, located approx. 17 km west of the community ofTelegraph Creek, NW British Columbia, near infrastructure in a belt of majorcopper-gold porphyry and gold-rich vein deposits

• Located in BC’s prolific Golden Triangle area; in close proximity to Red Chris Mine,Golden Bear, and Brucejack Mines

• Multiple very strong gold-copper geochemical anomalies

• Rock sampling has returned peak values of 47.5 g/t gold, 15.9% copper, 120 g/tsilver and 0.21% cobalt

• Initial program of $400,000 covering magnetic/VTEM surveys, 1000 samples aswell as trenching

• Phase 2 program may then be initiated based on the initial program which wouldinclude diamond drilling

All amounts are in Canadian Dollars unless otherwise noted.

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Board

www.artemisgoldinc.com | TSX Venture: ARTG

Steven Dean Chairman, Chief Executive Officer & DirectorSteven Dean has extensive experience internationally in mining, including as President of Teck Cominco Limited (now Teck Resources Ltd.). Prior to joining Teck, Mr. Dean was afounding member of management of the Normandy Poseidon Group, (which became Normandy Mining) a co-founder of PacMin Mining Corporation which became a subsidiary ofTeck Corporation in 1999. He was also a co-founder and former chairman of Amerigo Resources Ltd. More recently, Mr. Dean was Chairman and CEO and founder of Atlantic GoldCorporation, focused on gold exploration, development and production in Nova Scotia, which was sold to St. Barbara Limited in 2019 for $802 million after building its Moose RiverConsolidated Mine on time and on budget and operating at lowest decile cost profile in the gold sector.

Mr. Dean is a recipient of the 2020 Viola R. MacMillan Award from the Prospectors and Developers Association of Canada (PDAC) for individuals demonstrating leadership inmanagement and financing for the exploration and development of mineral resources. He is the former Chairman and a current director of Sierra Metals Inc. (TSX:SMT), Chairman ofOceanic Iron Ore Corp. (TSX-V:FEO) and a director of St Barbara Limited (ASX:SBM).

Robert G. Atkinson DirectorRobert Atkinson has been in the investment industry for over 30 years. He isformer President and CEO of Loewen Ondaatje McCutcheon & Co Ltd., aCanadian investment dealer. Mr. Atkinson also serves as a Director of QuestCapital Corp, a Toronto Stock Exchange listed company. Mr. Atkinson alsoserves as a director of Flinders Resources Ltd., Tasman Metals Ltd. and HansaResources Ltd., and served as the Vice Chairman of Atlantic Gold Corporationup to 2019. Mr. Atkinson received a B.Comm. degree from the University ofBritish Columbia in 1963.

Ryan BeedieDirector

Ryan Beedie is the President of Beedie Development Group, a leader inindustrial and residential real estate development in British Columbia. Ryanalso supports multiple philanthropic causes, including, with his father Keith,establishing the Beedie School of Business at Simon Fraser University. Ryan isthe recipient of a variety of awards and acknowledgements including the 2004Business in Vancouver's '40 under 40', the Ernst & Young 2009 BC Entrepreneurof the Year Award, the Queen Elizabeth II Diamond Jubilee Medal in 2013 andSimon Fraser University's Corporate Impact Award in 2015. He completed hisundergraduate degree at Simon Fraser University, followed by an MBA atUniversity of British Columbia.

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Board

www.artemisgoldinc.com | TSX Venture: ARTG

Chris BatalhaChief Financial Officer & Corporate SecretaryChris Batalha is a Certified Professional Accountant with over seven years’experience in accounting, finance, corporate governance and M&A with anumber of mining exploration and development companies in the gold andiron ore space. Over the past several years, Mr. Batalha has been the CFO ofAtlantic Gold Corporation, managing financial planning, financial risk andfinancial reporting until its sale to St. Barbara Limited in 2019. Mr. Batalha alsospent five years with PwC in the audit and assurance group and holds his CPAand CA designations.

Alastair TiverVice President ProjectsAlastair Tiver has more than 30 years of international mining experience inproject evaluations, reserve estimation and mine development in base andprecious metals. He has consulted on numerous projects worldwide, and forthe past 14 years he has been involved in project development within Canada.He has held senior management roles in several companies including, BCMetals Corporation, Copper Mountain Mining Corporation, Yellowhead MiningInc and Atlantic Gold Corporation. Mr. Tiver is a registered professionalengineer (P.Eng. EGBC), a Member of the Australasian Institute of Mining andMetallurgy and holds a Master’s in Business Administration.

David BlackDirector

David Black is a retired corporate and securities lawyer and former partner andassociate counsel with DuMoulin Black, a law firm established in 1966specializing in the provision of corporate, securities and finance legal servicesto natural resource and commercial/industrial companies.

William Armstrong, P.ENG. DirectorWilliam Armstrong earned his Bachelors and Masters degrees in GeologicalEngineering from the University of British Columbia and has more than 45years’ experience in the mining industry. He recently retired from TeckCominco Ltd., where he was General Manager, Resource Evaluations, andresponsible for evaluation of potential acquisitions and divestitures. He wasalso responsible for the company's mineral reserves and resources. During hiscareer with Cominco Ltd., and Teck Cominco Ltd., Mr. Armstrong has beeninvolved in feasibility studies, construction and operation of a large number ofmines, including coal deposits, underground and open pit base metal minesand precious metal mines. Mr. Armstrong is fluent in English and Spanish.

Team

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Team

www.artemisgoldinc.com | TSX Venture: ARTG

Neil SchofieldResource Geologist ConsultantNeil Schofield has over 30 years experience in the mining industry, havingworked as a mineral exploration geologist since 1972 and as a geostatistician inmineral resource assessment since 1989. He holds a Bachelor of Science inGeology from University of Queensland and a Master of Science from StanfordUniversity.

Marc SchulteMining Engineer ConsultantMarc Schulte is a licensed professional mining engineer with over 18 years ofcombined experience in operations and consulting. He has been involved withoperations in Western Canada, and internationally as a consultant on variousengineering.

Tracey MeintjesTechnical AdvisorTracey Meintjes has over 25 years of international experience in metallurgy,minerals processing, and mine planning. He has worked on a broad range ofprojects including gold, silver, copper, lead, zinc, uranium, and Rare Earths. Mr.Meintjes’ most recent project success includes the Moose River ConsolidatedMine gold project.

Jose GaliciaSenior Accountant

Clea SutherlandOffice Manager & Communications

Capital Structure

10www.artemisgoldinc.com | TSX Venture: ARTG

• Market Cap (C$1.35): $65MM

• Issued Capital:

• 48,207,882 Shares Outstanding

• 36,240,630 Warrants ($1.08 strike price)

• 1,720,000 Options ($1.16 - $1.30 strike price)

• Cash on Hand: $32MM (at 09/30/2019)

Ownership

Board and Management

Large Institutional (Including Blackrock and Sentry)

Former Atlantic Gold Shareholders & Others

41% 45%

14%

All figures as of January 31, 2020 unless otherwise noted. All amounts are in Canadian Dollars.

Artemis Gold Inc.+1 (604) 558-1107 | info@artemisgoldinc.com 3083 - 595 Burrard Street, Vancouver, BC, Canada V7X 1L3www.artemisgoldinc.com