Pacific Arc Resources Ltd. announced the resignation of Messrs. Trent S. Hunter and Terrance G. Owen from the Board of Directors of the Company effective immediately. The vacancies left by Messrs. Hunter and Owen will be filled by Mr. Brock Daem and Mr. John MacPhail. Mr. Daem has over 15 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. Mr. MacPhail was most recently President of a regional Canadian investment dealer and prior to that CEO of a national investment dealer. As an investment banker he has helped companies raise funds and advised management on corporate strategy. Mr. MacPhail has served on the board of numerous profit organizations as well as several not profit organizations.