Arcus Development Group Inc.
TSX VENTURE : ADG

Arcus Development Group Inc.

April 17, 2008 08:00 ET

Arcus Development Group Acquires Second Mexican Project from Riverside Resources

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2008) - Arcus Development Group Inc. (TSX VENTURE:ADG) announces that it has concluded an agreement with Riverside Resources Inc. (TSX VENTURE:RRI) under which Arcus has been granted an option to acquire a majority interest in La Ventosa property, located in Oaxaca, Mexico. La Ventosa property covers an area of 10,175 hectares and is 15 kilometres northeast from Juchitan City.

La Ventosa property is located in a relatively unexplored area of southeastern Oaxaca. Infrastructure in the area is very good and unlike much of Oaxaca which is mountainous and contains a large number of small villages, La Ventosa property is located on easily accessible, semi-arid flatlands near the Pacific coast. The property was acquired by Riverside through staking and is not subject to any underlying royalty or third-party interests.

Subject to TSX Venture Exchange acceptance, Arcus can earn up to a 65% interest in the property under a staged option. To exercise an initial option and acquire a 51% interest in La Ventosa property, Arcus is required to pay Riverside $150,000 cash, issue 200,000 Arcus shares to Riverside and incur exploration expenditures of $2,000,000 prior to the third anniversary of the option agreement. Exploration expenditures in year one of the initial option include a firm commitment of $250,000. After exercising the initial option, Arcus will have a second option to acquire an additional 14% interest in the property by incurring a further $2,000,000 in exploration expenditures within a two year period and by paying Riverside $300,000.

Ian Talbot, the President of Arcus, stated, "We are very pleased to have concluded a second Mexican project agreement with Riverside. La Ventosa property is an excellent early stage exploration target in an area that has not been exposed to extensive modern exploration. Work at La Ventosa should be very cost effective and progress rapidly as the area is easily accessible and has excellent infrastructure. Our Mexican property portfolio, which now contains the Chapalota (April 14, 2008 new release) and La Ventosa properties, exposes Arcus to gold exploration projects in both Oaxaca and Sinaloa."

About Arcus:

Arcus is a well structured Vancouver based mineral exploration company operated by experienced management. The Arcus business model is to acquire interests in quality mineral prospects by way of joint venture or other collaborative arrangement with exploration groups recognized in the industry as competent project generators.

On behalf of Arcus Development Group Inc.

Ian J. Talbot, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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