Arcus Closes Flow-Through Private Placement

Arcus Development Group Inc. (TSX VENTURE:ADG) ("Arcus") announces that it has
completed the non-brokered private placement previously announced on June 16,
2010. The financing consisted of 7,670,000 flow-through common shares at a price
of $0.20 per share for gross proceeds of $1,534,000. The private placement was
oversubscribed by $34,000.


Of the 7,670,000 shares sold under this placement, 2,800,000 shares were
purchased by the MineralFields Group. Following the completion of this
placement, the MineralFields Group holds a total of 5,186,306 Arcus shares and
2,916,306 Arcus share purchase warrants. The MineralFields Group and Limited
Market Dealer Inc. have provided the TSX Venture Exchange and Arcus with an
undertaking not to exercise any Arcus warrants if doing so will result in the
MineralFields Group acquiring greater than 20% of the issued Arcus share capital
(a Control Person).


In connection with the private placement, Arcus paid cash finder's fees of
$74,450 and issued 503,000 finder's warrants to arm's length finders. Each
finder's warrant is exercisable at a price of $0.25 until July 27, 2011 and
entitles the holder to acquire one non-flow-through Arcus common share. All
securities issued as part of the placement, including the flow-through shares,
the finder's warrants and any non-flow-through shares issued upon the exercise
of the finder's warrants, are subject to a regulatory hold period and may not be
resold until November 28, 2010.


On July 19, 2010, Arcus announced a $1 million non-brokered unit private
placement. That placement is expected to be completed during the first week of
August.


The ongoing mechanical trenching programs at the Green Gulch and Touleary
properties are nearing completion. Final arrangements are being made for the
mobilization of the crew and equipment to the Dan Man property where trenching
is expected to begin in early August. Assay results from all trenching will be
announced as soon as results are available.


On behalf of Arcus Development Group Inc.

Ian J. Talbot, President & CEO

CAUTIONARY NOTE: This news release includes certain "forward-looking
statements". Other than statements of historical fact, all statements included
in this release, including, without limitation, statements regarding future
plans and objectives of Arcus Development Group Inc., are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Arcus Development Group Inc.'s expectations are the risks detailed herein and
from time to time in the filings made by Arcus Development Group Inc. with
securities regulators. Those filings can be found on the Internet at
http://www.sedar.com.

Arcus Development (TSXV:ADG)
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