Arcus Development Group Inc.
TSX VENTURE : ADG

Arcus Development Group Inc.

September 12, 2008 06:00 ET

Arcus Development Group Inc.: Mexican Gold Projects Approved

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2008) - Arcus Development Group Inc. (TSX VENTURE:ADG) announces that it has received TSX Venture Exchange acceptance of documents related to the options on two Mexican gold exploration projects previously announced (April 14, and April 17, 2008). The projects are the Chapalota and La Ventosa properties and were optioned from Riverside Resources Inc. (TSX VENTURE:RRI) by way of letter agreements dates April 10, 2008.

Eric Tweedie, the Arcus VP of Exploration stated, "We look forward to starting our work programs on the Mexican properties later this fall. We are currently outlining specific work plans and budgets for each property. The initial phase of work on both projects will identify drill targets. Phase two will include the drill testing of specific targets. At present, priority will be given to the work at Chapalota, based on the historic artisanal gold production in the area."

The Chapalota property is located in southern Sinaloa, Mexico near Geoinformatics' La Noria Project and south of US Gold's Magistral Mine. Arcus can acquire a 51% interest in the Chapalota property by making $300,000 in cash payments, issuing 350,000 Arcus shares and incur exploration expenditures of $4,000,000 prior to September 12, 2012. Exploration expenditures in year one include a firm commitment of $350,000. Arcus can also exercise a second option to acquire an additional 14% interest in the property by incurring a further $2,500,000 in exploration expenditures and paying Riverside $500,000 within two years of acquiring its initial 51% interest in the property.

La Ventosa property is located in a relatively unexplored area of southeastern Oaxaca. Arcus can acquire a 51% interest in the La Ventosa property by making $150,000 in cash payments, issuing 200,000 Arcus shares and incur exploration expenditures of $2,000,000 prior to September 12, 2011. Exploration expenditures in year one include a firm commitment of $250,000. A second option to acquire an additional 14% interest can be exercised by Arcus incurring a further $2,000,000 in exploration expenditures and paying Riverside $300,000 within two years of acquiring the initial 51% interest in La Ventosa property.

"Arcus has adequate working capital to complete all of the year one obligations under each of the Chapalota and La Ventosa options," explained Arcus President and CEO Ian Talbot. "We feel this is particularly important in light of current market conditions."

Neither property is subject to any underlying third party interests. Each property is the subject of a NI 43-101 technical report prepared by Derrick Strickland, P.Geo. Both reports will be available on the Arcus website and at SEDAR.com.

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 superior 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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