Plate Resources Inc. 1

PLATE RESOURCES INC. 1

950 - 1130 West Pender St. Vancouver, BC Canada V6E 4A4

Tel: 1-778-331-3814 Fax: 1-604-685-5120

Vancouver, British Columbia – August 4, 2017 – ArcPacific Resources Corp. (the "Company" or

“ArcPacific”) (TSX-V: ACP) announces the execution of a Deed of Release and Amendment ("Amendment")

with its Korean consortium partners, namely; Nexgeo Inc. (“Nexgeo”) and Korea Resources Corporation

(“KORES”).

Under the terms of the Amendment, ArcPacific, Nexgeo and KORES have agreed to release Nexgeo from the

Joint Exploration Agreement (please see news release of September 24th, 2014) and within two (2) months of the

execution date of the Amendment, Nexgeo shall transfer its earned thirteen percent (13%) interest in the Lucky

Mike project ("Project") to the Company in consideration of the issuance of shares of the Company subject to

regulatory rules as well as to mutually agreed terms with NexGeo. Consequently, the thirty one percent (31%)

interest of the Company will increase to forty four percent (44%) ownership of the Lucky Mike property.

Meanwhile and by mutual consent, KORES defers by one (1) year the execution of this Amendment and of its

right to acquire a fifty six percent (56%) interest in the Project. In addition to the above, any member of the

consortium may sell, transfer, assign and convey its interest to a third party subject to first rights of refusal of

each member and under mutually agreed terms.

About ArcPacific Resources Corp.:

ArcPacific Resources Corp. (TSX-V: ACP) is a Canadian-based company seeking mineral properties with

strong exploration potential. Although the Company’s primary business has been the exploration of mineral

properties, it will consider other opportunities that offer the potential for near term cash flow. For further

information about the Company, please visit http://www.arcpacific.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Ruben Verzosa”

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 Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.