Mr. Ian Talbot reports

ARCUS CLOSES $2 MILLION PRIVATE PLACEMENT

Arcus Development Group Inc. has completed a $2-million non-brokered unit offering at a price of 25 cents per unit. Each unit consisted of one common share in the capital of Arcus and one share purchase warrant. Each warrant will entitle the holder to purchase one Arcus common share at a price of 32 cents per share at any time prior to 4 p.m. Vancouver time on Jan. 29, 2028.

The proceeds from the offering will be used by Arcus as general working capital and to finance work at its wholly owned Touleary project, located in the White Gold district of Yukon.

All securities issued in connection with the offering will be subject to a four-month statutory hold period expiring on May 30, 2026, in accordance with applicable securities legislation. No finders' fees were paid in connection with the offering.

One director of the company participated in the offering for 200,000 units for gross proceeds of $50,000. The transaction with an insider of the company constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions from the formal valuation requirements contained in Section 5.5(b) of MI 61-101 and the minority shareholder approval requirements contained in Section 5.7(1)(a) of MI 61-101 on the basis that the company is not listed on specified markets and the fair market value of the securities distributed in the related party transaction nor the consideration received for those securities exceeds 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.