MD&A11. OUTSTANDING SHARE DATA The authorized capital of Artemis Gold consists of an unlimited
number of common shares. As of the date of this report, there were 201,784,866 common shares
outstanding, 23,128,410 warrants outstanding, 14,051,975 stock options outstanding, 853,833
restricted share units and 87,000 deferred share units. Each whole warrant entitles the holder to
purchase one additional common share of the Company at a price per warrant of $1.08 until August 27, 2024.