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ArcPacific Resources Corp. announces extension of filing deadline of its interim financial statements and MD&A

Financials

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

June 30th, 2020

ArcPacific Resources Corp. announces extension of filing deadline of

its interim financial statements and MD&A

Vancouver, BC – ArcPacific Resources Corp. (“ACP” or “the Company”) (TSX -V: ACP) announces that, as a result of

delays caused by the COVID -19 pandemic, the Company will be postponing the filing of its interim financial statements and

accompanying management's discussion and analysis and related CEO and CFO certificates for the three -month period

ended April 30 th, 2020 (collectively, the "Interim Filings"), which are required to be filed by June 29 th, 2020 under National

Instrument 51-102 - Continuous Disclosure Obligations.

On May 20 th, 2020, the Canadian Securities Administrators (CSA) announced that they would provide issuers with a 45 -day

extension for filings required between June 2 nd and August 31 st, 2020, to allow issuers the time needed to focus on the many

other business and financial reporting implications of the COVID -19 pandemic.

The Company will rely on this exemption with respect to the Interim Filings in accordance with BC Instrument 51 -515 -

Temporary Exemption from Certain Corporate Finance Requirements ("BCI 51 -515"). The Company is continuing to work

diligently and expeditiously to complete and file the Interim Filings and currently expects to have them filed on or prior to

the extended filing deadline of August 13th, 2020.

Until the Interim Filings are filed, management and other insiders of the Company continue to be subject to a trading black -

out policy that reflects the principles in section 9 of National Policy 11 -207 - Failure -to-File Cease Trade Orders and

Revocations in Multiple Jurisdictions.

The Company confirms that since the filing of its annual financial statements for the financial year ended January 31 st, 2020,

there have been no material business developments other than the passing of CEO through news releases and filed under the

Company's SEDAR profile at www.sedar.com.

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 www.arcpacific.ca

ON BEHALF OF THE BOARD OF DIRECTORS

/S/’Nizar Bharmal”

CFO and Director

ARCPACIFIC RESOURCES CORP .

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 1.778.331.3816.