Artisan Vehicle Systems announces the launch of its first underground mining vehicle: the zero emission, battery powered

Artisan Vehicle Systems (Artisan) is proud to announce the launch of the 1 5 3 , a battery powered 1.5 yd, 3 tonne Load/Haul/Dump (LHD) underground mining vehicle. Powered by Lithium batteries and an extremely power dense electric motor system, the 1 5 3 not only reduces ventilation and cooling expense for mining companies, but also outperforms the diesel competition.

The 1 5 3 has 300% of the horsepower of a diesel 1.5yd LHD. It loads quicker, hauls up steep grades faster, and is more precise and responsive to operator
commands. Operators prefer our battery powered units over diesel because of their higher productivity, more tons moved per shift, zero poisonous diesel
emissions, extremely low heat, and quiet operation. Moreover, the total cost of ownership is comparable, and in many cases lower, than diesel.

Artisan believes that an inflection point in the mining industry is on the horizon. “The days of allowing toxic diesel fumes in underground mines will soon end and
will be memorialized in museums as a mining method from a primitive past.” said Mike Kasaba, Artisan’s CEO. Artisan started this transformation five years ago
with a visionary mining partner, Kirkland Lake Gold (KLG). Today, KLG relies heavily on Artisan’s battery powered equipment for its production and has
benefited both in faster access to rich reserves as well as in the reduction of capital cost related to ventilation.

The technology is proven, the benefits are real and documented, and mining companies around the world know that a transformation is inevitable. As the
world leader in battery powered vehicles for mining, Artisan stands ready to help mining executives implement this important advancement using our bestinclass
products, service, and support.

Artisan has presold units for delivery in 2016 and is currently sold out of its 1 5 3 production capacity through the end of 2016. As of the first day of Minexpo,
orders and deposits are being accepted for Artisan’s 2017 1 5 3 production run.

Based in California, the heart of electric vehicle technology, Artisan Vehicle Systems Inc. is an original equipment manufacturer (OEM) of zero emission
battery powered vehicles. Its core technology is its proprietary battery packs, electric motors, power electronics, software and control systems. Artisan
vehicles are designed from the ground up around its high powered, highly reliable, field proven battery electric powertrains. As a world class tier 1 supplier,
Artisan also sells its powertrains to other large and credible OEMs like Atlas Copco for integration into their LHDs, trucks, and drill rigs.