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News Release No. 07-06

Southern Arc Minerals Inc. (TSX Venture: SA, the "Company") has negotiated a 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 up to $2,100,000. Each Unit consists of one (1) common share and one-half (1/2) of a non-transferable 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 twelve (12) months from the closing date. 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 a finders fee in connection with this financing by way of a cash commission equal to 6% of the gross proceeds from the offering and warrants exercisable into a number of common shares equal to 6% of the number of Units sold. Each warrant will entitle the holder to acquire one common share of the Company at any time within twelve (12) months from the closing date at a price of $0.45 per share.

The proceeds from the private placement will be used to advance the Company's 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
  • Southern Arc Minerals Inc.
    Suite 650
    669 Howe St
    Vancouver, BC   Canada V6C 0B4
    Telephone: +1-778-725-1490
    Fax: +1-604-428-1124
  • Graha Sentana Building, 4th Floor
    Jalan Buncit Raya No. 2
    Jakarta Selatan,12760   Indonesia
    Telephone: +62-21-7918-8612
    Fax: +62-21-7918-8613