ANNOUNCEMENTS

2009 Announcements

24 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (G.S.TAHIJA)

PDF File (164K)

24 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (B.J.WATSON)

PDF File (164K)

23 December

Arc Exploration Limited (ASX Code: "ARX") is pleased to announce the allotment of 56,250,000 ARXOA Options at an issue price of 0.2 cents per option raising $112,500.

The allotment of options was made, following the approval of Resolution 4 by shareholders at the Company's General Meeting held on 11 December 2009, to investors pursuant to Section 708 of the Corporations Act 2001. All of the options issued under the placement will rank pari passu with existing ARXOA options.

In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:

• The Company has issued these options without disclosure to the placees under Part 6D.2 of the Act;
  
  
• As at the date of this notice, the Company has complied with:
  
  - the provisions of Chapter 2M of the Act as they apply to the Company;
  - Section 674 of the Act

23 December

APPENDIX 3B - ALLOTMENT OF OPTIONS

PDF File (268K)

21 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (J.C.CARLILE)

PDF File (164K)

21 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (G.S.TAHIJA)

PDF File (164K)

17 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (R.WILLCOCKS)

PDF File (164K)

17 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (J.C.CARLILE)

PDF File (164K)

17 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (G.S.TAHIJA)

PDF File (164K)

17 December

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST (B.J.WATSON)

PDF File (164K)

14 December

Arc Exploration Limited (ASX Code: "ARX") is pleased to announce that the Company has today allotted 9,570,000 shares and 4,785,000 attaching ARXOA options as the third and final tranche of the Rights Issue Shortfall.

The shares were issued at the Rights Issue price of 1.8 cents raising $172,260.

The ARXOA options were issued on the basis of one option for every 2 new shares subscribed for. The options are exercisable at 3.6 cents per share at any time until 31 January 2011.

These shares and options were issued to Directors of the Company following the approval of Resolution 3 at the Company's General Meeting held on Friday 11 December 2009 dealing with their participation in the Rights Issue Shortfall Facility/Placement of the Shortfall.

As a result of this placement the Company now has the following securities on issue:

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:

www.arcexploration.com.au

ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through exploration and the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs and associated terranes. ARX plans to build a pipeline of exploration projects to be farmed out to established mining companies once ARX has created value through exploration and resource definition.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java and a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In association with Anglo American Group, the Company is also exploring for large porphyry copper-gold deposits in Papua.

11 December

Arc Exploration Limited (ASX Code: "ARX") is pleased to announce the completion of a placement of 11,232,139 ARXOA Options following the approval of shareholders at today's General Meeting.

On 7 October 2009 the Company announced that it had completed a placement of 22,464,276 fully paid ordinary shares in the Company at 1.8 cents per share, with one option attached for each two shares applied for. The options, being exercisable at 3.6 cents at any time until 31 January 2011, were to be issued subject to shareholder approval.

Following shareholder approval at today's General Meeting, the Company has today allotted 11,232,139 ARXOA Options to the participants of the October share placement.

The placement of options was made to investors pursuant to Section 708 of the Corporations Act 2001. All of the options issued under the placement will rank pari passu with existing ARXOA options.

In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:

• The Company has issued these options without disclosure to the placees under Part 6D.2 of the Act;
  
  
• As at the date of this notice, the Company has complied with:
  • the provisions of Chapter 2M of the Act as they apply to the Company;
  • Section 674 of the Act

11 December

11 December

11 December

Results of the General Meeting of Shareholders held today are summarised as follows:

Resolution 1 to approve the October Placement of 22,464,276 shares at 1.8 cents was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 118,301,874 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 55,070,042 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 2,234,609 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 1,353,835 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 118,198,994 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 55,172,922 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 2,234,609 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 1,353,835 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 152,237,308 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 55,413,704 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 14,173 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 60,317 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 153,411,617 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 57,496,467 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 13,293 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 1,334,439 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 153,354,114 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 55,201,910 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 5,353 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 1,334,439 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 150,541,960 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 58,045,742 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 57,483 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 60,317 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 152,027,756 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 58,057,510 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 57,483 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 60,317 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 135,169,426 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 58,062,004 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 57,483 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 2,060,317 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 152,904,512 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 58,162,004 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 56,233 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 60,317 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

1. there were 207,399,070 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
2. there were 3,034,595 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
3. there were 56,233 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
4. there were 1,152,709 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

11 December

Arc Exploration Limited (ASX Code: ARX) refers to the General Meeting presentation released earlier today to the ASX.

The presentation should have included a Competent Persons Statement in respect of the those slides which contained exploration results relating to the Company's Trenggalek Project (Slides 7, 8 & 9) the Company's Bima Project (Slide 10) and the Aisasjur Project (Slide 11) where, in association with Anglo American Group, the company is also exploring for large porphyry copper-gold deposits in Papua.

The Competent Persons Statement below relates to the General Meeting presentation:

The information in the Company's General Meeting presentation dated 11 December 2009 that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists.  Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.'  Mr. Wake is a full time employee of Arc Exploration Limited and consents to the inclusion in that presentation of the matters based on his information in the form and context in which it appears.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website www.arcexploration.com.au


ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs.

The company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java prospective for low sulphidation epithermal gold-silver deposits and also holds a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In addition, in association with Anglo American Group, the company is also exploring for large porphyry copper-gold deposits in Papua.

07 December

Arc Exploration Limited (ASX Code: "ARX") is pleased to announce that the Company has today allotted 17,790,987 shares and 8,895,496 attaching ARXOA options as the second tranche of a placement of the Rights Issue Shortfall.

The shares were issued at the Rights Issue price of 1.8 cents raising $320,238.

The ARXOA options were issued on the basis of one option for every 2 new shares subscribed for. The options are exercisable at 3.6 cents per share at any time until 31 January 2011.

It is envisaged that the final remaining shortfall of 9,570,000 new shares (with attaching options) will be placed following the consideration of, and subject to the approval of, Resolution 3 at the Company's General Meeting to be held on Friday 11 December 2009 dealing with the Directors participation in the Rights Issue Shortfall Facility/Placement of the Shortfall.

As a result of this placement the Company now has the following securities on issue:

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:

www.arcexploration.com.au

ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through exploration and the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs and associated terranes. ARX plans to build a pipeline of exploration projects to be farmed out to established mining companies once ARX has created value through exploration and resource definition.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java and a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In association with Anglo American Group, the Company is also exploring for large porphyry copper-gold deposits in Papua.

03 December

Arc Exploration Limited (ASX Code: "ARX") is pleased to announce that the Company has on 2 December 2009 allotted 48,688,335 shares and 24,344,174 attaching ARXOA options as the first tranche of a placement of the Rights Issue Shortfall.

The shares were issued at the Rights Issue price of 1.8 cents raising $876,390.

The ARXOA options were issued on the basis of one option for every 2 new shares subscribed for. The options are exercisable at 3.6 cents per share at any time until 31 January 2011.

It is envisaged that the remaining shortfall of 27,360,987 new shares (with attaching options) will be placed by the Directors within the next month in accordance with the terms of the Rights Issue as set out in the Company's Prospectus dated 13 October 2009.

As a result of this placement the Company now has the following securities on issue:

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:

www.arcexploration.com.au

ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through exploration and the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs and associated terranes. ARX plans to build a pipeline of exploration projects to be farmed out to established mining companies once ARX has created value through exploration and resource definition.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java and a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In association with Anglo American Group, the Company is also exploring for large porphyry copper-gold deposits in Papua.

01 December

01 December

01 December

24 November

Arc Exploration Limited (ASX Code: "ARX") is pleased to announce that the Company's Rights Issue has been well supported by shareholders raising $1.7M.

The Rights Issue was structured as a non-renounceable pro-rata entitlement offer to acquire one new share for every existing share (1 for 1) held in the Company at an issue price of 1.8 cents per share.

Shareholders who subscribed for new shares will also be issued one option for every 2 new shares subscribed for. The options are exercisable at 3.6 cents per share at any time until 31 January 2011.

The Company will today allot 96,176,665 new shares (with attaching options) to shareholders who participated in the Rights Issue.

It is envisaged that the remaining shortfall of 76,049,322 new shares (with attaching options) will be placed by the Directors within the next month, and in any event within 3 months of the Rights Issue closing date in accordance with the terms of the Rights Issue as set out in the Company's Prospectus dated 13 October 2009.

Shareholders were offered the opportunity to participate in any shortfall by applying for additional shares. As set out in the Prospectus, this facility was capped at 25 million new shares. This facility was substantially oversubscribed and accordingly the Directors have scaled back some applications for additional shares and refunds will be made to shareholders where appropriate as soon as practicable.

Following today's allotment of shares the Company has 268,402,652 fully paid ordinary shares on issue.



For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:

www.arcexploration.com.au


ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through exploration and the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs and associated terranes. ARX plans to build a pipeline of exploration projects to be farmed out to established mining companies once ARX has created value through exploration and resource definition.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java and a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In association with Anglo American Group, the Company is also exploring for large porphyry copper-gold deposits in Papua.

11 November

NOTICE OF GENERAL MEETING AND EXPLANATORY STATEMENT

Document available as a PDF File (592K)

09 November

Arc Exploration Limited (ASX Code: ARX) is pleased to announce that the conversion of the Trenggalek KP to a Mining Business Licence (IUP) has been completed in accordance with the new Indonesian Mining Law.

The Exploration IUP, covering the original KP area of 30,044 hectares, has been signed by the Regent of Trenggalek and is valid for 4 years. This conversion to the new IUP title is in accordance with the Indonesian Mining Law, promulgated on 12 January 2009, which requires the conversion of all pre-existing tenements.

The Company recently announced that it has entered into a strategic alliance with a leading drilling contractor in Indonesia to undertake a 5,000-m diamond drilling program on the Trenggalek Project at its own cost in exchange for shares and options in ARX. Preparations for this drilling are on track to commence early in 2010.

The primary targets of the drilling program are multiple prospects containing epithermal gold-silver-bearing quartz veins, high-level hydrothermal breccias and silica cappings having geological settings and mineralization characteristics analogous to known high-grade gold deposits found along Indonesia's highly prospective magmatic arcs (Eg. Gosowong, Pongkor). Collectively, these multiple prospects represent a series of mineralized epithermal systems with potential to host a major new gold district.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website www.arcexploration.com.au


ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs.

The company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java prospective for low sulphidation epithermal gold-silver deposits and also holds a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In addition, in association with Anglo American Group, the company is also exploring for large porphyry copper-gold deposits in Papua.

13 October

This notice dated 13 October 2009 is provided to inform you that on 13 October 2009, Arc Exploration Limited ("ARX" or the "Company") lodged a Prospectus with ASX Limited ("ASX") in respect of a pro-rata non-renounceable rights issue of shares at an issue price of 1.8 cents per share with 1 option attaching for every 2 shares subscribed for ("Rights Issue").

A copy of the Prospectus together with an Entitlement and Acceptance Form will be mailed to eligible shareholders on 27 October 2009. The Prospectus is available on the ASX website as well as the Company's website.

Under the Rights Issue, shareholders with a registered address in Australia, New Zealand, Indonesia and Singapore ("Eligible Shareholders") as at 7.00 pm (Sydney time) on 21 October 2009 ("Record Date") are being invited to subscribe for 1 new fully paid ordinary share in the Company ("New Share") for every existing share held. In addition, for every 2 New Shares subscribed for 1 new option will attach having an exercise price of 3.6 cents and exercisable at any time until 31 January 2011.

If you are an existing optionholder with a registered address in Australia, New Zealand, Indonesia or Singapore, you will only be entitled to participate in this Rights Issue if you have exercised your options so that you have become a registered shareholder on the Record Date.

The Rights Issue will raise up to $3.1m. The proceeds of the Rights Issue will substantially be applied to fund exploration for gold in Indonesia where the Company's senior management have a proven track record. Initial exploration will be conducted on the Trenggalek Project which contains several outcropping gold mineralised veins and locally high-grade vein float. Trenggalek has the potential to become a major new gold district containing multiple deposits. Drilling is expected to commence in early 2010.

Eligible Shareholders' entitlements pursuant to this Rights Issue are non-renounceable and accordingly, Eligible Shareholders cannot sell their entitlements. If Eligible Shareholders do not subscribe for their full entitlement to New Shares (and attaching options) their entitlements which have not been exercised will lapse and form part of the shortfall.

No action is required to be taken at this stage unless you are an existing optionholder. If you are an existing optionholder you should exercise your options (as described above) if you wish to participate in the Rights Issue.

If you are an Eligible Shareholder and you intend to exercise your entitlement in full or in part then you should take appropriate action when you receive the Prospectus together with the Entitlement and Acceptance Form which will be mailed on 27 October 2009.

Shareholders with a registered address outside of Australia, New Zealand, Indonesia and Singapore are not eligible to participate in the Rights Issue.

The Rights Issue is not underwritten. Up to 172,225,987 New Shares and 86,122,994 new options (subject to rounding - fractional entitlements to new options will be rounded up) may be issued pursuant to the Rights Issue.

Key information and indicative dates in respect of the Rights Issue are as follows:

Further details on the Rights Issue are contained in the Prospectus.

For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: 02 9419 8044
Email: andrewcooke@arx.net.au

13 October

PROSPECTUS - NON-RENOUNCEABLE RIGHTS ISSUE

Available as a PDF File (264K)

13 October

08 October

08 October

07 October

CAPITAL RAISINGS AND COMMENCEMENT OF DRILLING PROGRAMME

Highlights

• Share Placement to raise $404,357;
• Rights Issue to raise $3.1 million;
• Strategic Alliance with Indonesian drilling contractor; and
• Drilling to commence at 95% owned high-grade epithermal Trenggalek gold project located in East Java, Indonesia.

Arc Exploration Limited (ASX Code: "ARX") is pleased to announce a number of strategic initiatives designed to take the Company forward. The initiatives involve capital raisings, a strategic alliance with an Indonesian drilling contractor and plans to commence drilling at ARX's gold project located at Trenggalek in East Java, Indonesia.

SHARE PLACEMENT

Arc Exploration Limited has today completed a Placement of 22,464,276 fully paid ordinary shares in the Company at 1.8 cents per share, with one option attached to each two shares applied for, to raise A$404,357 ("Share Placement"), before costs of the issue.

The issue of these shares fall within the 15% capacity afforded by ASX Listing Rule 7.1. The options attached to the Share Placement will be issued subject to shareholder approval and be exercisable at 3.6 cents at any time until 31 January 2011.

RIGHTS ISSUE

The Board of Directors has resolved to undertake a non-renounceable pro-rata rights issue ("Rights Issue") that will be structured as follows:

• A non-renounceable pro-rata entitlement offer to acquire one new share for every existing share (1 for 1) held in the Company to raise up to A$3.1 million;
• The new shares will be offered at 1.8 cents per share.
• Shareholders who subscribe for their rights will also be issued one option for every 2 new shares subscribed for. The options are exercisable at 3.6 cents per share at any time until 31 January 2011;
• Shareholders will be offered the opportunity to participate in any shortfall that may arise ("Shortfall"). Shareholder approval will be sought to allow Directors (including those who are presently shareholders) to participate in the Shortfall.
• The Rights Issue will not be underwritten. However ARX will work with the holder of an Australian Financial Services Licence to place any Shortfall arising under the Rights Issue.

The Company proposes to despatch a Prospectus to eligible shareholders on or about 27 October 2009.

STRATEGIC ALLIANCE WITH DRILLING CONTRACTOR

ARX has entered into a strategic alliance with a leading drilling contractor in Indonesia with extensive experience in the conduct of major drilling projects throughout the country. As a result of this alliance the drilling contractor will undertake a 5,000 metre diamond core drilling program at the Company's Trenggalek Project at its own cost in exchange for shares and options in ARX.

The Drilling Agreement is a fixed priced contract valued at US$825,000 (approximately A$1,000,000).

Subject to shareholder approval ARX will pay for the drilling services to be provided by the issue of fully paid ordinary shares and options on the same pricing and terms referred to above in respect of the Placement and Rights Issue and for the value of the contract as it is performed. The shares issued to the drilling contractor will be voluntarily escrowed until 30 June 2010.

OPTIONS PLACEMENT

The Board has also resolved to conduct a placement, subject to shareholder approval, of 75 million options with an exercise price of 3.6 cents and an expiry date of 31 January 2011 at an issue price of 0.2 cents to raise $150,000, before costs of the issue ("Options Placement").

FORWARD PLANS

Once in funds, ARX will focus on exploring for gold in Indonesia where the Company's senior management have a proven track record. The Managing Director John Carlile established and led the exploration team at Newcrest Mining that discovered high-grade epithermal gold in the Gosowong District on Halmahera and the Exploration Manager Brad Wake led the exploration team at Aurora Gold that discovered the epithermal gold project at Toka Tindung in North Sulawesi.

Initial exploration will be conducted on the Trenggalek Project which contains several outcropping gold mineralised veins and locally high-grade vein float. Trenggalek has the potential to become a major new gold district containing multiple deposits. Drilling is expected to commence in early 2010.

ARX has a 95% joint venture interest in the Trenggalek tenement which covers an area of 30,044 hectares in East Java. Access to the project is excellent.

The geological setting shows strong similarity to areas hosting world-class gold deposits on the same and similar volcanic arcs in Indonesia (e.g. Pongkor: +4 million gold-ounces and Gosowong: +3 million gold-ounces).

Work already completed by ARX has confirmed the presence of three previously defined gold-bearing vein systems and has also identified several new outcropping gold-bearing veins and areas of high-grade vein float. The above three vein systems, (Sentul, Buluroto and Kojan), have been traced over a strike length of several kilometres and earlier work returned intercepts of up to 10 metres at 12.6 g/t gold in trenching and 2.6 metres at 10.1 g/t gold in diamond drilling at Buluroto. Trenching by ARX returned 3 metres at 7.6 g/t gold and a grab sample of 149 g/t gold at Sentul. ARX believes that there is significant potential to discover multiple high-grade ore-shoots along the vein structures.

In the northern half of the KP several new areas of gold-bearing vein float have been identified with the higher grade samples returning between 7 to 46 g/t gold. The primary source(s) of this vein float remains to be identified but its distribution within a 30 square kilometre area, and its association with near-surface hot spring features, indicates good potential for discovering multiple shallowly eroded, high-grade epithermal gold-vein deposits in the project area.

Other than Trenggalek, further work will also be conducted during 2010 to advance exploration targets defined on the Company’s Bima Project in East Sumbawa, and to identify new projects from generative work.

CAPITAL STRUCTURE

On completion of the Share Placement, Rights Issue and Options Placement, assuming the issues are fully subscribed, the Company will have the following capital structure:

ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through exploration and the discovery of high-grade gold, silver and associated base metal deposits within Indonesia’s highly prospective magmatic arcs and associated terranes. ARX plans to build a pipeline of exploration projects to be farmed out to established mining companies once ARX has created value through exploration and resource definition.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java and a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In association with Anglo American Group, the Company is also exploring for large porphyry copper-gold deposits in Papua.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:

www.arcexploration.com.au

07 July

06 July

Arc Exploration Limited ("ARX") announced today that it has completed the sale of the Cibaliung Gold Project in Indonesia ("Cibaliung") in accordance with shareholder approval which was confirmed at the Company's General Meeting held on 9 April 2009.

In addition ARX has fully redeemed the outstanding $2,000,000 January 2010 Convertible Notes by effecting a cash payment of $221,117 and issuing 17,775,000 July 2012 Options exercisable at 2.5 cents to the Convertible Note holders (also in accordance with the approvals confirmed at the General Meeting held on 9 April 2009).

The sale relieves ARX of its obligation to fund Cibaliung and to service the associated project debt obligations to the ANZ Bank.

Additionally, the Company's guarantee in respect of the project debt and associated security over the remaining assets of ARX have also been released, leaving ARX in a position to pursue its exploration objectives in Indonesia.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website www.arcexploration.com.au




ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs.

In association with Anglo American Group, the company is also exploring for large porphyry copper-gold deposits in Papua.

In addition the company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in east Java prospective for low sulphidation epithermal gold-silver deposits and also holds a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

17 June

Arc Exploration Limited ("ARX") is pleased to announce the extension of the Company's Strategic Alliance ("Alliance") with PT Minorco Services Indonesia ("Minorco") of the Anglo American Group ("Anglo") in Papua and West Papua to May 2011.

The focus of the Alliance with Anglo is to explore for large copper-gold porphyry deposits in the Provinces of Papua and West Papua in Indonesia.

Key elements of the Alliance are summarised as follows:

• Anglo will sole fund exploration expenditure through to the first decision to mine and has an initial 80% interest in projects while ARX retains a 20% interest;

• ARX is carried (not free carried) through to a Decision to Mine at which time ARX becomes liable to repay 10% of exploration and predevelopment costs out of its share of project proceeds (non-recourse to ARX);

• If following completion of a Feasibility Study, Anglo makes a Decision to Mine then a Joint Venture shall be formed and each of Anglo and ARX shall participate (and fund capital expenditure) according to their 80/20 project interests. ARX dilutes if it does not contribute;

• In the event that a resource of less than one million tonnes of contained copper equivalent or 1 million ounces of gold is identified, then Anglo may not offer any interest in the resource to a third party without first making an offer to ARX either that such project revert to ARX on an 80/20 basis (with ARX holding 80%) or that 100% be transferred to ARX with Anglo retaining a 2% NSR;

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

03 June

Arc Exploration Limited ("ARX") is pleased to announce that two new exploration titles have been granted in West Papua around the Aisasjur Project pursuant to the Company's Strategic Alliance ("Alliance") with PT Minorco Services Indonesia ("Minorco") of the Anglo American Group ("Anglo").

The Aisasjur Project is located on the medial Papua-New Guinea magmatic arc which is host to the giant copper-gold and gold deposits of Grasberg, Ok Tedi and Porgera. The original Aisasjur Exploration KP (KP#1) licence covers 9,486 hectares in West Papua.

The new exploration KP's (KP#2 and KP#3) are located to the North and Northwest of KP#1 and add a total of 51,410 hectares to the project area as shown in the diagram below. KP#2 and KP#3 are valid for an initial one-year term to 4 December 2009 and have a General Survey Status. The Project KP's are each held by P.T. Alam Papua Nusantara. Two additional exploration KP have also been applied for in the Aisasjur Project area and are awaiting approval.

Anglo propose to undertake an aeromagnetic survey of the entire project area during the course of 2009.

The focus of the Alliance with Anglo is to explore for large copper-gold porphyry deposits in the Provinces of Papua and West Papua in Indonesia.

Key elements of the Alliance are summarised as follows:

• Anglo will sole fund exploration expenditure and has an initial 80% interest in projects while ARX retains a 20% interest;

• ARX is carried (not free carried) through to a Decision to Mine - with 10% of all predevelopment costs to be repaid by ARX out of project proceeds (non-recourse to ARX);

• If following completion of a Feasibility Study, Anglo makes a Decision to Mine then a Joint Venture shall be formed and each of Anglo and ARX shall participate (and fund capital expenditure) according to their 80/20 project interests. ARX dilutes if it does not contribute;

• In the event that a resource of less than one million tonnes of contained copper equivalent or 1 million ounces of gold is identified, then Anglo may elect that such project shall either revert to ARX on an 80/20 basis (with ARX holding 80%) or that 100% be transferred to ARX with Anglo retaining a 2% NSR;

22 May

Results of the Annual General Meeting of Shareholders held today are summarised as follows:

The resolution to adopt the Remuneration Report was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to elect Mr. Robert Willcocks as a Director was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to re-elect Mr. Bruce Watson as a Director was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

22 May

Fellow shareholders, the 2008 year was one of great challenge for our Company and indeed the global business community and wider community. Your Board has been regularly updating shareholders concerning progress to resolve the situation at Cibaliung and the future direction of the Company.

As you would be aware we entered into an agreement in February of this year where our interest in Cibaliung would be transferred to our joint venture partner Antam for nominal consideration. Importantly this transaction means that our Company will not have to fund its share of the costs to bring Cibaliung on stream. And most importantly when the transaction has settled, our other properties which are currently mortgaged as part of the Cibaliung financing structure are to be released to us.

I want to make some brief comments on Cibaliung. It goes without saying that disposing of Cibaliung was far from our first preference. We had achieved a number of noteworthy milestones including getting mineralised material on the ROM pad. In terms of underground development, we had driven a total of one kilometre on two headings.

But we did not have the funds to complete the project, nor were we able to raise further funding or procure a joint venture partner despite a global search and many parties looking seriously at it.

In the current financial climate funding remains difficult for all companies, even some of the very largest ones. Many have not survived. In that context, your Board is pleased that we have been able to negotiate a transaction that sees us free of debt and with the Cibaliung project taken to completion by a reputable group. I should add that in effecting both this transfer and the corporate slowdown undertaken to conserve cash, all our staff were treated in accordance with Indonesian law and received their full entitlements.

We have no final date as yet for completion but believe it likely to occur during July.

But where to now? At the conclusion of the meeting our CEO Mr John Carlile will give a presentation on the Company's properties and our plans for them. But in short our plans are straightforward: firstly to complete the Cibaliung transfer and then to selectively explore our remaining properties. The Board has no present intention of taking these to production but at the appropriate time will involve a third party do this by either outright sale or joint venture.

While our operations are now much scaled down and running with a much reduced but nonetheless skilled and committed team, we will still at some point in the near future need to increase our level of cash to fund our activities. The Board is investigating all feasible opportunities in this regard.

So our focus now is on exploration which is an area in which we have demonstrated results and have retained a core strength. We still believe that Indonesia has many opportunities for companies like ours. The present global financial crisis will come to an end just as every other downturn has in the past whereupon the present liquidity situation will be resolved and business confidence will return. It is important to face the future with a confident outlook and look to the real strengths our company has rather than be paralysed by an economic outlook that while severe, in the long term is only transitory. Your Board has a positive outlook and looks forward to pursuing our exploration objectives in Indonesia after the sale of Cibaliung has been completed and raising the funds to do so.

Finally, I would like to make special mention of our staff at all levels - and this includes the team staying with Cibaliung and moving across under Antam's auspices. The last year has been hard. But everyone stuck to the task and cheerfully pulled together to ensure that the best possible result for all stakeholders was achieved even amongst the leadership team offering to cut the cash component of their remuneration packages to assist the Company through a difficult situation. No Chairman could ask for more and on behalf of the Board again I would like to record our thanks for their commitment.


For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

17 April

09 April

Results of the General Meeting of Shareholders held today are summarised as follows:

The resolution to approve of the disposal of the Cibaliung Gold Project was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve the Redemption of Convertible Notes to Macquarie Bank Limited was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve the Redemption of Convertible Notes to HSBC Custody Nominees (Australia) Limited was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

11 March

NOTIFICATION OF DATE OF ANNUAL GENERAL MEETING

In accordance with Listing Rules 3.13.1 the Company advises that its Annual General Meeting will be held in Chatswood on Friday 22 May 2009.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

11 March

NOTICE OF GENERAL MEETING and EXPLANATORY STATEMENT

Available as a PDF File (604K)

09 February

Arc Exploration Limited ("ARX") advises that it has entered into a binding Heads of Agreement with PT Aneka Tambang Tbk ("Antam") and ANZ Bank for the sale of the Cibaliung Gold Project in Indonesia ("Cibaliung").

The key terms of the sale are summarised as follows:

• Antam will acquire ARX's interests in PT Cibaliung Sumberdaya ("CSD") for US$1.00;
• Antam will acquire ANZ Bank's interest in Cibaliung.
• Antam will fund and manage Cibaliung with immediate effect.

Following completion of the sale, ARX will seek to build on its demonstrated exploration strengths in Indonesia.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au