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Pacific Arc Announces Resignation of Chief Financial Officer

V.PAV.H

Vancouver, British Columbia--(Newsfile Corp. - August 23, 2021) - Pacific Arc Resources Ltd. (NEX: PAV.H) ("Pacific Arc" or the "Company") today announced that Chief Financial Officer Ed Duda has left the Company to pursue other interests.

Effective immediately, the Company has appointed ACM Management Inc., represented by Mr. Alexander McAulay, to provide contract interim Chief Financial Officer services to the Company.

For more information please contact:

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94136