ArcPacific Potential Participation in Significant LNG Project, Private Placement Offering, and Shares for Debt Settlement

ARCPACIFIC RESOURCES CORP .

1001 – 1166 Alberni St. Vancouver, BC Canada V6E 3Z3

Tel: 1-778-331-3816 Fax: 1-604-685-5120

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMATION IN THE

UNITED STATES

NEWS RELEASE

TSX Venture Exchange Symbol: ACP

November 18, 2019

ArcPacific Potential Participation in Significant LNG Project, Private Placement Offering,

and Shares for Debt Settlement

Vancouver, BC – ArcPacific Resources Corp. (“ACP” or “the Company”) (TSX-V: ACP) is pleased to announce the expansion

of its resource business, to include the potential participation in a key new liquefied natural gas (LNG) project development in

North America. The LNG sector in No rth America is large and growing, especially driven by demand growth in Asia.

According to a 2018 report by Shell, over $200 billion of investment in the sector is required by 2030, to meet global demand

which is expected to be 575 million metric tonnes by 2035.

ACP has entered into an agreement to acquire a privately-held BC corporation (“LNGCo”), which is a party to a non-binding

Letter of Intent to participate for an up to 80% interest in a proposed new Western North American LNG export project. The

project has a proposed initial capacity of 4 million metric tonnes per annum (MTPA), with the potential to expand to 8 million

MTPA, and will utilize existing infrastructure to access cheap, reliable natural gas from Canada as the feedstock for the LNG.

At an initial 4 million MTPA, the LNG project will utilize feedstock of about 600 million cubic feet of natural gas per day

(about 100,000 barrels of oil equivalent per day). In addition to access to infrastructure for the delivery of the natural ga s as

the feedstock, the new LNG project has key export access, for delivery of the LNG produced to buyers in Asia.

To fund an initial expenditure on the project for up to US$625,000, ACP intends to raise up to $1,000,000 by way of a non -

brokered private placement (t he “Offering”) of units, where a unit (a “Unit”) consists of one common share (a “Common

Share”) of the Company and one half of one warrant (a “Warrant”) of the Company to purchase one Common Share. The Unit

will be priced at $0.05 per Unit. Each whole Warrant entitles the holder to purchase one Common Share within two years from

the Closing Date (as hereinafter defined) of the Offering at a price of $0.10 per Common Share. A finder’s fee may be paid as

part of the financing.

As part of this non-brokered financing, the Warrants are subject to an acceleration clause. This clause states that if, four months

and one day after the Warrants are issued, the closing price of the common shares of the Company, on the principal market on

which such shares trade, is equal to, or exceeds, $0.20 for 10 consecutive trading days (with the 10th such trading date hereafter

referred to as the “Eligible Acceleration Date”), the Warrant expiry date shall accelerate to a date 20 calendar days after

issuance of a press release by ACP announcing the accelerated Warrant term — provided, no more than five business days

following the Eligible Acceleration Date, that the press release is issued; and written notices are sent to all Warrant holders.

The Offering is being made pursuant t o certain Canadian prospectus exemptions, including the “existing securityholder”

exemption and “purchasers advised by investment dealers” exemption, where applicable. Both the “existing securityholder”

and “purchasers advised by investment dealers” exempt ions are collectively referred to as the “Existing Securityholder and

Retail Investor Exemptions”. Existing shareholders of ACP who wish to subscribe for Units pursuant to the Offering, who held

common shares of ACP as of November 18, 2019 and who continue to hold common shares of ACP, and who are permitted to

subscribe under the Existing Securityholder and Retail Investor Exemptions should contact the Company pursuant to the

contact information set forth below in order to participate in the Offering.

The closing for the Offering is expected to close on or about November 25, 2019 (the “Closing Date”) but may close earlier

or later or not at all. Closing of the Offering is also subject to TSX Venture final acceptance.

ARCPACIFIC RESOURCES CORP .

Furthermore, subject to the acceptan ce for filing by the TSX Venture exchange, the Company has agreed to issue a total of

5,313,333 shares at the price of $0.06 per share in satisfaction of debts owing to various creditors in the aggregate amount of

$318,800. This includes 313,333 shares in settlement of $18,800 to a Company insider, Ruben Verzosa.

All securities issued will be subject to a four month hold period.

About ArcPacific

ArcPacific Resources Corp. (TSX-V: ACP) is a Canadian based company with a project generator business model. Although

the Company’s primary business focus since formation has been the exploration of mineral properties, it is now seeking new

business opportunities that offer the potential for near term cash flow to create shareholder value. For further information,

please visit http://www.arcpacific.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

/S/’Ruben Verzosa”

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 revise any forward -looking statements or information, whether as a result of

new 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 responsibility for the adequacy or accuracy of this release.

For further information, please contact us at [email protected] or 1.778.318.3816.