Vancouver - Arcland Resources Inc. (the 'Company' or 'Arcland') (TSXV: ADR.H) is pleased to announce that further to its news releases dated on May 14, 2021 and July 27, 2021, the consolidation of its common shares on the basis of one (1) post-Consolidation Common Share for every four (4) pre-Consolidation Common Share was made effective as of August 5, 2021 and the Common Shares commenced trading on a consolidated basis on the TSX Venture Exchange (the 'TSXV') at the opening of that date.

The Consolidation was approved by the TSXV which issued a related bulletin on August 3, 2021.

Private Placement

In addition, the Company is pleased to announce that, further to its news releases of May 14, 2021 and July 27, 2021, it has closed a non-brokered private placement through the issuance of 10,000,000 Common Shares at a price of $0.05 per Common Share on a post-Consolidation basis for aggregate gross proceeds $500,000 (the 'Offering'). The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes. All Common Shares issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance pursuant to the policies of the TSXV and applicable securities laws.

The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals. Pursuant to the Offering, David Mark, a director of the Company, acquired 100,000 Common Shares on a post-Consolidation basis which represents 0.76% of the Company's issued and outstanding Common Shares on a non-diluted basis post-closing of the Offering. Mr. Mark did not beneficially own or control any Common Shares before the closing of the Offering. Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'), the portion of the Offering involving Mr. Mark is a 'related party transaction'.

The Company is exempt from the requirements to obtain formal valuation and minority shareholder approval in connection with Mr. Mark's participation in the Offering in reliance, respectively, on section 5.5(1)(b) of MI 61-101 as the Company is listed on the TSXV and under section 5.7(1)(b), distribution of securities for cash less than $2,500,000. Pursuant to section 5.7(1)(b), the Board and at least two-thirds of the Company's independent directors, acting in good faith, have approved the Private Placement. The Company plans to take steps to arrange for further financing to better enable it to seek new opportunities for business development and growth to maximize shareholder value.

Cautionary Statement Regarding Forward-Looking Information

This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the expected timing for completion of the Consolidation, and Offering, and the future plans or prospects of the Company. 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 - 2 - words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements.

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 information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Contact:

George Lian

Tel: 604-669-6168

Email: arclandresourcesca@gmail.com

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