Arc Minerals Regulatory News (ARCM)

15 March 2017

Ortac Resources Ltd

("Ortac" or the "Company")

Capital Reorganisation of Ordinary Share Capital

The directors of Ortac Resources Ltd (the "Board"), announces the capital reorganisation of the existing ordinary share capital of the Company, which comprises a consolidation of the Company's ordinary shares in issue (the "Consolidation") to a level in line with other comparable AIM quoted companies.

Background to and reasons for the Capital Reorganisation

The Company's current issued capital consists of 8,213,507,859 ordinary shares of no par value ('Existing Ordinary Shares'). The Board considers that the current issued share capital is considerably larger than that of similar sized companies on AIM and other Recognised Investment Exchanges and that this, combined with the current share price of around 0.03 pence per share (14 March 2017), affects investor perception of the Company.

Following consultation with a number of the Company's stakeholders, the Consolidation is being proposed in order to reduce the number of Existing Ordinary Shares that are in issue to a level more in line with comparable AIM quoted companies. The Directors expect that the Consolidation will improve the marketability of the Company's Existing Ordinary Shares to a wider range of investors, including institutional investors.

Consolidation of Share Capital

The Directors have resolved to re-organise the Company's share capital by consolidating all of the Existing Ordinary Shares on the basis of one (1) new ordinary share of no par value ('New Ordinary Share') for every hundred (100) Existing Ordinary Shares, such shares having the same rights and being subject to the same restrictions as the Existing Ordinary Shares as set out in the Articles of the Company. The Articles of the Company do not permit the issuance of fractional shares and accordingly no fractional shares arising from the consolidation will be issued.

New Share Capital

Post consolidation, the issued share capital of the Company is expected to be 82,134,988 New Ordinary Shares. The last day for dealing in the Existing Ordinary Shares on AIM is expected to be 23 March 2017.

Shareholders who hold Depositary Interests will have such interests disabled in their CREST accounts on the Consolidation Record Date, and their CREST accounts will be credited with Depositary Interests representing the New Ordinary Shares to which they are entitled following Admission, which is expected to take place on 24 March 2017.

Following the Consolidation, any existing share certificates will cease to be valid and new share certificates are expected to be dispatched to those Shareholders who hold their Existing Ordinary Shares in certificated form, on or before 7 April 2017.

Expected Timetable

Share Capital Statistics

-ENDS-

For additional information please visit - www.ortacresources.com