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ArcPacific Clarifies Closing of Warrant Exercise Incentive Program

Financings Share Capital & Compensation

810 – 789 West Pender Street , Vancouver, BC V6C 1H2 

    Tel: 604‐687‐2038 Fax: 604‐687‐3141 

ArcPacific Clarifies Closing of Warrant Exercise Incentive Program

June 14 2022

Vancouver, British Columbia - ArcPacific Resources Corp. (TSXV: ACP) (" ACP" or the

"Company") wishes to clarify the Company’s news release dated June 6, 2 022, regarding the

number of warrants exercised under the incentive program, (the "Program") that closed effective

May 28, 2022. Under the Program, there were 2,594,667 warrants were exercised at a price of

$0.0553 for gross proceeds of $143,485.08. The warrants that we re not exercised under the

Program (“Outstanding Warrants”) continue to entitle the holder to acquire one common share

at a price of $0.0533 per common share. 1,575,000 Outstanding Warrants expire on October 27,

2023 and 6,366,999 Outstanding Warrant expire on November 24, 2022.

In all other respects, the news release of June 2, 2022 remains the same.

ABOUT ARCPACIFIC RESOURCES CORP.

ArcPacific Resources Corp. (TSXV: ACP) is a Canadian based expl oration company. ArcPacific

owns 100% interest in the LMSL Copper Gold & Silver Project in British Columbia, Canada, in the

prolific Quesnel Trough which is world renowned for its copper and gold endowment. The

Company also holds other highly prospective exploration project s in Canada including its

Blackdome gold project where it discovered continuous gold mine ralization in the first ever

trenching at the project. The Company is focused on creating sh areholder value through new

discoveries and strategic development of its mineral properties and is exploring additional

business opportunities. For further information, please visit http://www.arcpacific.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

/s "Adrian Smith" CEO and Director

Forward-Looking Information

This news release may contain certain forward-looking informati on and statements, including

without limitation, statements regarding exploration plans, and other future plans and objectives.

All statements included herein, other than statements of histor ical fact, are forward-looking

information and such information involves various risks and unc ertainties. There can be no

assurance that such information will prove to be accurate, and actual results and future events

could differ materially from those anticipated in such information.

A description of assumptions used to develop such forward- looking information and a description

of risk factors that may cause actual results to differ materia lly from forward-looking information

can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com.

Forward-looking statements are based on the estimates and opinions of management on the date

the statements are made, and we do not undertake any obligation to update forward-looking

statements should conditions or our estimates change, other than as required by law.

Readers are further advised not to place undue reliance on forward-looking statements.

  810 – 789 West Pender Street , Vancouver, BC V6C 1H2 

    Tel: 604‐687‐2038 Fax: 604‐687‐3141 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

For further information, please contact us at [email protected] or 1.778.331.3816.