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SOUTHERN ARC ANNOUNCES COMPLETION OF $2,100,000 PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

SOUTHERN ARC MINERALS INC. (TSX-V: SA) is pleased to announce that it has closed its previously announced non-brokered private placement financing of 7,000,000 units (the "Units") of the Company at a price of $0.30 per unit, for gross proceeds of $2,100,000. Each Unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one (1) common share of the Company at a price of $0.45 per share for a period of twenty four (24) months from the closing date (increased from 12 months). If the weighted daily average trading price of the Company's common shares on the TSX Venture Exchange exceeds $0.70 for 10 consecutive trading days, the Company may give 30 days written notice to the holders of warrants that the warrants will expire.

The Company has agreed to pay finders' fees in connection with this financing by way of a total $77,703 cash commission and issuance of a total of 259,010 warrants, which warrants are exercisable on the same terms as the warrants forming part of the Units.

All of the securities are subject to a hold period expiring July 29, 2007.

The Company plans to use the net proceeds of the Offering to advance its' Indonesian mineral properties and for general corporate purposes.

On behalf of the Board of
Southern Arc Minerals Inc.


"John Proust"

President and CEO

Southern Arc Minerals Inc.
Suite 1500, Box 1078, 885 West Georgia Street, Vancouver, BC V6C 3E8 Canada
Telephone: (604) 676-5241 Fax: (604) 676-5246 Website: www.southernarcminerals.com

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release"

TSX-V: SA Quote: $0.68 Change: -0.01
Volume: 2,871

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  • Address
  • HEAD OFFICE
  • Southern Arc Minerals Inc.
    Suite 650
    669 Howe St
    Vancouver, BC   Canada V6C 0B4
    Telephone: +1-778-725-1490
    Fax: +1-604-428-1124
  • INDONESIAN OFFICE
  • Graha Sentana Building, 4th Floor
    Jalan Buncit Raya No. 2
    Jakarta Selatan,12760   Indonesia
    Telephone: +62-21-7918-8612
    Fax: +62-21-7918-8613