Mr. Barry Lee reports

ARCO APPOINTS CEO AND ARRANGES FINANCING

Arco Resources Corp. has appointed a new chief executive officer and member of its board of directors and arranged a financing for up to $500,000 by way of a private placement in its capital stock.

Appointment of director and chief executive officer

The company is pleased to announce the appointment of George Danes, CPA, CA, to its board of directors and as chief executive officer of the company. Mr. Danes is a professional accountant with several years of experience in both private and public companies, primarily in the real estate sector. He is currently the chief financial officer of Sutton Group Realty Services and is the former vice-president, finance and accounting, of Dundee 360 Real Estate Corp. (2009 to 2016), where he directed the global financial department, servicing 35 corporate entities operating in the United States, Canada and Europe, overseeing reporting, treasury, compliance, taxation, and mergers and acquisitions in the development, operations and sales and marketing of real estate assets. Prior to this, Mr. Danes spent seven years in audit both locally and internationally with several accounting and audit firms. Mr. Danes's appointment to both the board and as chief executive officer is in replacement of Anthony Dutton, who has resigned both posts to concentrate on other ventures. The company wishes to thank Mr. Dutton for his past service.

Private placement financing

The company has arranged financing by way of a private placement of up to 10 million units in the capital of the company at five cents per unit for gross proceeds of up to $500,000, with each unit comprising one common share and one common share purchase warrant exercisable at a price of 7.5 cents for a period of one year from the date of issue. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation and TSX Venture Exchange policy. The company may pay qualified parties finders' fees, subject to the policies and approval of the exchange. The proceeds of the offering will be used for working capital and general corporate purposes.

We seek Safe Harbor.