Pacific Arc Announces Private Placement Financing

/NOT FOR DISTRIBUTION IN THE UNITED STATES/

VANCOUVER, BC, June 6, 2023 /CNW/ - Pacific Arc Resources Ltd. (NEX: PAV.H) ("Pacific Arc "or the "Company") announces that intends to raise up to $50,000.00 via a non brokered private placement of 333,333 shares at a price of $0.15 per share. Proceeds are expected to be used for general corporate purposes.

The closing of the offering is expected to close on or before June 9^th and is subject to receipt of all regulatory approvals including the TSX Venture Exchange. No fees or commissions are payable.

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.

SOURCE Pacific Arc Resources Ltd.

John MacPhail, President, CEO & Director, Phone: [phone]