Don Bailey Options Awards

Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration

13 June 2018

Don Bailey Options Awards

Arc Minerals ("Arc" or the "Company") announces that Mr Don Bailey, a non-executive director of the Company responsible for a number of projects at the Zamsort copper cobalt project ("Zamsort") has requested that he be remunerated in Arc shares in lieu of cash remuneration.

Mr Bailey has been issued options over a total of 2.5 million new ordinary shares of no par value ("Ordinary Shares") of the Company ("Share Options") which have an exercise price of 7.0 pence per Ordinary Share representing an approximate 60% premium over the closing mid-market price of 4.35 pence per Ordinary Share on 12 June 2018. The Share Options are exercisable from 12 June 2018 and expire on 12 June 2023.

Separately, the Company is considering setting up a Long-Term Share Incentive Programme (the "Programme") and will in the future consider awarding Mr Bailey shares in this Programme based on attaining a number of operating targets.

In addition, the Company has issued Mr Bailey Share Options over a total of 1.2 million Ordinary Shares of the Company relating to his role as a non-executive director of Arc, which have an exercise price of 4.5 pence per Ordinary Share ("Remuneration Options"), in line with the awards made recently to other non-executive directors of Arc, as announced on 31 May 2018. These represent an approximate 34% premium over the closing mid-market price of Ordinary Shares on 29 May 2018. The Remuneration Options are exercisable from 12 June 2018 and expire on 31 May 2023.

Following the above grant, there are a total of 35,848,710 share options granted over unissued Ordinary Shares granted to Directors and employees of the Company, representing approximately 6.44% of the Company's current issued Ordinary Share capital of 556,540,600 Ordinary Shares.

Nick von Schirnding commented "I am delighted that Don has elected to take options in lieu of salary for his work at our Zamsort project - and speaks volumes about the confidence in Arc Minerals' prospects."

**ENDS**

Contacts

Notes to the Editors

Arc Minerals is an AIM listed exploration and mine development company focused on a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of the Congo and Zambia. 

ARC Minerals current holdings include:

· 99% interest in CASA Mining Limited, a private company that has a 71.25% interest in the 1.5-million-ounce inferred Resource Akyanga gold deposit in the DRC.

· A 55% interest in Zamsort Limited, a private company focused on a prospective copper and cobalt licence in the Zambia Copperbelt, with approximately a five percent balance and interest (convertible note) being rolled forward to the end of 2018;

· 100% ownership of the Kremnica Mining Licence Area in Slovakia which host the 1.3Moz AuEq Au PFS stage Ṧturec Gold Project;

· A 18.48% interest in Andiamo Exploration Limited, a private company exploring for gold and base metals VMS targets in Eritrea.

For more information visit www.arcminerals.com

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM