February 29, 2016 – Vancouver, British Columbia – Southern Arc Minerals Inc. (TSX-V: SA) (“Southern Arc” or the “Company”) has released the results of its second quarter ended December 31, 2015. All amounts are in Canadian dollars unless otherwise stated.

FINANCIAL SNAPSHOT

  December 31, 2015 June 30, 2015 June 30, 2014
Total assets $             5,283,640 $        5,685,639 $        9,423,679
Exploration properties                               - 102,068 102,068
Working capital 4,540,039 (386,509) 2,677,476
Comprehensive loss (787,119) (3,967,266) (8,680,792)
Basic and diluted loss per share $                    (0.02) $              (0.36) $              (0.78)

Additional information regarding the Company’s financial results and portfolio of projects and investments is available in the unaudited consolidated interim financial statements and Management’s Discussion and Analysis, which are available for download on the Company’s website at www.southernarcminerals.com and on SEDAR at www.sedar.com.

On behalf of the Board of Southern Arc Minerals Inc.

“John Proust”
Executive Chairman & Chief Executive Officer

About Southern Arc Minerals

Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on gold and copper-gold exploration. The Company is advancing two properties in Indonesia: West Lombok, a resource-stage property with several gold rich copper porphyry and epithermal gold vein prospects, and East Elang, a grassroots exploration property. Southern Arc also holds an investment in Oban Mining Corporation, which is advancing the high-grade Windfall Lake Gold Project in Quebec, Canada, and has applied for 80 prospecting rights licenses in Northern Japan in an area with known gold occurrences and a history of mining. More information is available at www.southernarcminerals.com.

Southern Arc Contact

Rhylin Bailie, Vice President, Communications & Investor Relations
Telephone: 604-609-6147
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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

Head Office
Southern Arc Minerals Inc.
Suite 650
669 Howe St
Vancouver, BC Canada V6C 0B4
Telephone: +1-778-725-1490
Fax: +1-604-428-1124

 

Investor Relations
John Proust,
Chairman & CEO
Telephone: +1-778-725-1482

E-mail
info@SouthernArcMinerals.com