Pacific Arc Proposes Changes to Board of Directors

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(TheNewswire)

October 17, 2018 / TheNewswire / Vancouver, BC - PACIFIC ARC RESOURCES LTD. (the “Company” or “Pacific Arc”) (TSXV-NEX: “PAV.H”) is pleased to announce changes to its Board of Directors. Messrs. Sonny and Harry Chew have resigned as officers and directors with immediate effect. The Company is pleased to announce the addition of Mr. Raphael Danon to its Board of Directors.

Going forward, the Board of Directors of Pacific Arc will be comprised of the following individuals:

John MacPhail - President, CEO and Director: Mr. MacPhail currently serves as CEO of I-5 Holdings Ltd., a Canadian Company with assets in the US cannabis industry. As well, he is a board member of Wealthcraft Capital Inc. and Woodbridge Ventures. Previously, he was CEO of an independent Canadian investment dealer and has served on numerous industry advisory boards.  As an investment banker, he was responsible for advising and raising capital for numerous public and private companies.

Raphael Danon - Director: Mr. Danon is a member of the Chartered Professional Accountants of Canada (previously the Chartered Accountants of Canada) since 2003. Mr. Danon is founder, director, and president of ClearBlue Markets, a private company providing consulting and advisory services for the North American carbon markets.  Mr. Danon brings senior executive experience in the public markets, serving as Chief Financial officer of NWT Uranium Corp. and Stratton Capital Corp., as well as sitting on the Board of Directors for Niger Uranium.   

Brock Daem - Director:  Mr. Daem has over 13 years of experience in investment banking, merchant banking, and institutional sales in Canada.  Mr. Daem began his career in institutional equity sales; leading initial public offerings and secondary private placements for micro-cap stocks in Vancouver and on Bay Street before transitioning into investment banking focused on various sectors. He previously served as VP Corporate Development for several reporting issuers and prior to that worked for TD Bank as a Manager of Credit.

ON BEHALF OF THE BOARD OF DIRECTORS

PACIFIC ARC RESOURCES LTD.

s/ “John MacPhail”

John MacPhail, President, CEO and Director

For further information, please contact:

John MacPhail, President, CEO & Director
Phone: (778) 688-7411

Neither 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 release.

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the future strategy of the Company and the possible approvals of matters by shareholders of the Company. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and, accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include, but are not limited to, failure by the Company to obtain shareholder approval of Proposed COB; failure to obtain regulatory approval of the Proposed COB; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking information or statements except as may be required by applicable law.

Copyright (c) 2018 TheNewswire - All rights reserved.