ASX ANNOUNCEMENT 19 AUGUST 2016 PLACEMENT TO RAISE $510,000

Arc Exploration Limited (ASX Code: ARX) advises that it has today agreed to make a placement to private investors of 850,000 shares at a price of $0.60 per share to raise $510,000.

Taylor Collison Limited is the Lead Manager for the placement which is subject only to shareholder approval to be sought at a general meeting of the Company to be held on or about 30 September 2016.

The funds will be used to provide the Company with additional working capital and to investigate the acquisition of further exploration opportunities. Any such acquisition would be dependent upon funding at the appropriate time and any necessary approvals.

The Board of ARX may be reconstituted following completion of the transaction. The Chairman Mr. Bruce Watson said:

"The Company is pleased to be working with Taylor Collison on this matter. Taylor Collison has supported the Company in the past and we believe that this placement is the first step in re-establishing Arc Exploration as a regional explorer".

For further information please contact:

Andrew J. Cooke Company Secretary Tel: + 61 (0) 412 090 826

Email: andrewcooke@arx.net.au

Or visit the website: www.arcexploration.com.au

Arc Exploration Limited

ABN 48 002 678 640

www.arcexploration.com.au

Sydney

ABN 48 002 678 640

Level 8, 65 York Street.

Sydney NSW 2000 Australia

T + 61 2 8076 6004

F + 61 2 8215 1600

E info@arx.net.au

Jakarta

Perkantoran CBD/BIDEX Blok F, No.5

Jl. Pahlawan Seribu

BSD City - Tangerang 15321 Indonesia

T + 62 21 531 60118

F + 62 21 531 60119

Arc Exploration Limited published this content on 19 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 August 2016 00:10:05 UTC.

Original documenthttp://www.arcexploration.com.au/irm/PDF/2012/PlacementtoRaise510k

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