Arcpacific Resources Closes 1 St Tranche of Private Placement

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

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

News Release

ARCPACIFIC RESOURCES CLOSES 1 st TRANCHE OF

PRIVATE PLACEMENT

Vancouver, British Columbia, October 27, 2021 ‐ ArcPacific Reso urces Corp. (TSXV: ACP) ( t h e

“Company”) is pleased to announce it has closed the first tranche of a non -brokered private placement of

flow-through units (the "FT Offering") and non-flow-through units (the "NFT Offering") (together, the FT

Offering and NFT Offering are the "Private Placement") for comb ined gross proceeds of $456,750 as set

out below.

Non-Flow-Through Offering

The Company has issued 5,823,333 non-flow-through units (the "U nits") at a price of $0.075 per Unit for

gross proceeds of up to $436,750. Each Unit consists of one non-flow-through common share in the capital

of the Company and one half of one non-flow-through common shar e purchase warrant (with two half

warrants being “Warrant”). Each whole Warrant will entitle the holder to purchase one additional non-flow-

through common share in the capital of the Company at an exercise price of $0.10 per common share for a

period of two years from the date of issuance.

Flow-Through Offering

The Company has issued 200,000 units (the "FT Units") at a price of $0.10 per FT Unit for gross proceeds

of $20,000. Each FT Unit consists of one flow-through common sh are in the capital of the Company (the

"Flow-Through Shares") and one half of one non-flow-through common share purchase warrant (with two

half warrants being a "Warrant"). Each whole Warrant will entit le the holder to purchase one additional

non-flow-through common share in the capital of the Company at an exercise price of $0.15 per common

share for a period of two years from the date of issuance. The Flow-Through Shares will qualify as flow-

through shares for purposes of the Income Tax Act (Canada).

All securities issued in the Private Placement are subject to a four-month and one day hold period that

expires on February 26, 2022.

The gross proceeds of the Private Placement will be used to fun d exploration expenditures on the Rickard

Property and for general working capital purposes.

A director of the Company participated in the NFT Offering as to 333,333 Units.

About ArcPacific Resources Corp.

ArcPacific Resources Corp. (TSX-V: ACP) is a Canadian based exp loration company expanding the

exploration initiative at multiple historic past producing gold and silver mines in the Timmins Gold Camp,

Ontario, and in the Nicola Mini ng Division in Southern British Columbia. The Company is focused on

creating shareholder value through new discoveries and strategic development of its mineral properties.

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

ON BEHALF OF THE BOARD OF DIRECTORS

/S “Adrian Smith”

CEO and Director

The forward-looking statements contained in this press release are made as of the date hereof and

ArcPacific Resources Corp. undertakes no obligations to update publicly or r evise any forward-looking

statements or information, whether as a result of ne w information, future events or otherwise, unless so

required by applicable securities laws.

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

policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this

release.

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