Pacific Arc Resources Ltd. announced a proposed change of its business from mineral exploration to an investment company (Proposed COB) under the rules of the TSX Venture Exchange. Under the new strategy, the company will utilize its extensive industry contacts and internal expertise to build a portfolio of high-quality investments. Upon completion of the proposed COB, the company's primary focus will be to seek superior returns by making investments in equity, debt or other securities of publicly traded or private companies or other entities as well as direct ownership stakes in projects. Types of investments include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles selected to create the best value and return for the shareholders while limiting downside risk.

In connection with the Proposed COB, the management and board of directors of the company is expected to be comprised of the following individuals: John MacPhail - President, CEO and Director: Mr. MacPhail currently serves as CEO of I-5 Holdings Ltd. a Canadian Company with assets in the U.S. cannabis industry. As well he is a board member of East West Sciences and Woodbridge Ventures. Previously he was CEO of an independent Canadian investment dealer and has served on numerous industry advisory boards. As an investment banker he was responsible for advising and raising capital for numerous public and private companies. Raphael Danon - Chief Financial Officer and Director: Mr. Danon is a member of the Chartered Professional Accountants of Canada since 2003. Mr. Danon is founder, director, and president of ClearBlue Markets, a private company providing consulting and advisory services for the North American carbon markets. Mr. Danon brings senior executive experience in the public markets, serving as Chief Financial officer of NWT Uranium Corp. and Stratton Capital Corp., as well as sitting on the Board of Directors for Niger Uranium. Neil Johnson - Director: Mr. Johnson is currently CEO of Duke Royalty. Previously he served as Co-Founder and CEO of Difference Capital Financial INC. Prior to those appointments, he served as Managing Director, Head of Investment Banking (Europe) at Canaccord Genuity Inc. Brock Daem- Director: Mr. Daem has over 13 years of experience in investment banking, merchant banking, and institutional sales in Canada. Mr. Daem began his career in institutional equity sales; leading initial public offerings and secondary private placements for micro-cap stocks in Vancouver and on Bay Street before transitioning into investment banking focused on various sectors. He previously served as VP Corporate Development for several reporting issuers and prior to that worked for TD Bank as a Manager of Credit.