Arcus Closes $1 Millon Private Placement

Arcus Development Group Inc. ("Arcus") (TSX VENTURE:ADG) announces that it has
completed the $1 million non-brokered private placement announced on July 19,
2010. The financing consisted of 3,750,000 flow-through shares and 1,250,000
non-flow-through units. Each unit was comprised of one common share and one-half
of a share purchase warrant. Each whole warrant will entitle the holder to
purchase one Arcus share at a price of $0.35 any time prior to February 5, 2012.
The flow-through shares and the non-flow-through units were each sold at a price
of $0.20.


In connection with the private placement, Arcus has paid cash finder's fees of
$60,000 and issued 400,000 finder's warrants to arm's length finders. Each
non-transferable finder's warrant may be exercised at a price of $0.35 at any
time prior to February 5, 2012 and entitles the holder to acquire one Arcus
share. All securities issued as part of the private placement are subject to a
hold period and may not be resold until December 6, 2010.


The flow-through proceeds from this financing will be used to fund ongoing work
programs at the Dawson Gold project, located in the White Gold area of the Yukon
Territory. The non-flow-through portion of the private placement will be used as
general working capital.


"Assay results from the trenching programs already completed on the Green Gulch
and the Touleary properties are expected within the next 10 days," reported Ian
Talbot, the Arcus President. "The crew and equipment has been mobilized to the
Dan Man property and that trenching program should begin this week."


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.

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