Arena Minerals Closes Previously Announced $2 Million Private Placement Financing

NOT FOR ISSUE IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

Arena Minerals Inc. ("Arena" or the "Company") (TSX VENTURE:AN) has closed its
previously announced non-brokered private placement financing of 10,000,000
units (the "Units") at a price of $0.20 per unit for gross proceeds of
$2,000,000 (the "Offering"). Each unit is comprised of one common share of the
Company and one-half of one share purchase warrant (each whole warrant, a
"Warrant"). Each Warrant will entitle the holder thereof to acquire one common
share of the Company at an exercise price of $0.35 per common share until July
18, 2016. If at any time after four months and one day from the closing of the
Offering, the common shares of the Company trade at $0.55 per share or higher,
on a volume weighted adjusted basis, for a period of 30 days, the Company will
have the right to accelerate the expiry date of the Warrants to the date that is
30 days after the Company issues a news release announcing that it has elected
to exercise the acceleration right.


In connection with the Offering, the Company paid finder's fees to arm's length
finders comprised of a cash fee in the aggregate amount of $46,800, issued an
aggregate of 234,000 finder's warrants (the "Finder's Warrants"). Each Finders
Warrant entitles the holder to acquire one common share of the Company at an
exercise price of $0.25 until January 18, 2016. 


The Units, the Warrants, the Finders Warrants and the common shares underlying
the Warrants and Finders Warrants remain subject to a statutory hold period
until November 19, 2014. The Offering remains subject to final approval of the
TSX Venture Exchange.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any securities in the United States. The securities referred to
herein have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "1933 Act"), or any state securities
laws and may not be offered or sold within the United States or to, or for the
account or benefit of U.S. persons (as defined in Regulation S under the 1933
Act) absent such registration or an applicable exemption from such registration
requirements. 


To view Arena'swebsite, please visit www.arenaminerals.com.

In addition to featuring information regarding the Company, its managements and
projects, the website also contains the latest corporate news and an email
registration allowing subscribers to receive news and updates directly.


About Arena Minerals

Currently Arena Minerals has three properties under option covering
approximately 326,000 hectares. All the properties are within the Antofagasta
region of Chile, at low altitudes and within producing mining camps. The Company
flagship asset is the Atacama Copper Property, consisting of 293,000 hectares of
essentially undrilled ground in the heart of Chile's premier copper mining
district. The Atacama Copper Property is adjacent to the Capricornio Property,
forming part of a contiguous land package that can be worked in conjunction. In
addition the Company also has the Pampas El Penon project which is less than 1
km from Yamana's Agusta Victoria project and 10 km from the El Penon mine. The
Capricornio property hosts a district scale gold silver epithermal system
virtually unexplored at depth and open on strike. The Pampas El Penon and
Capricornio properties comprise Arena Minerals highly prospective gold
properties within an active mining region.


On behalf of the Board of Directors of Arena Minerals Inc.

William Randall, President, and CEO

Cautionary Note Forward-Looking Information:

This news release may contain forward-looking information within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements, projections and estimates relating
to the future development of any of the Company's properties, the anticipating
timing with respect to the private placement financing, the ability of the
Company to complete the private placement financing, the results of the
exploration program, future financial or operating performance of the Company,
its subsidiaries and its projects, the development of and the anticipated timing
with respect to the Atacama project, the Capricornio project, and the El Penon
project, and the Company's ability to obtain financing. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". The statements made herein are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of the Company's
interim and most recent annual financial statement or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities regulations.
Estimates underlying the results set out in this news release arise from work
conducted by the previous owners and the Company. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general business,
economic, competitive, geopolitical and social uncertainties; the actual results
of current exploration activities; other risks of the mining industry and the
risks described in the annual information form of the Company. Although the
Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward looking informationArena
Minerals does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Arena Minerals Inc.
William Randall
President, and CEO
(416) 309-2697
www.arenaminerals.com
Arena Minerals (TSXV:AN)
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