Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") is pleased
to announce two key executive appointments. Arcan's board of directors has
appointed J. Terry McCoy to chief executive officer ("CEO") of the Corporation.
Mr. McCoy, who is also an Arcan director, has been acting as interim CEO since
August 2012. As well, Mark Smith has been promoted to chief operating officer
("COO") of the Corporation. These changes are effective immediately.

Terry McCoy is a professional geologist with over 40 years of experience with
senior, intermediate and junior oil and gas companies. His former executive
positions include President of Burlington Resources Canada Ltd., Vice President
of Exploration and Land at Poco Petroleums Ltd. and Murphy Oil Company. He has
served on the boards of directors of both public and private corporations. 

Mark Smith joined Arcan in September 2012 as Vice President of Planning and
Development. Mr. Smith is a professional engineer with over 30 years of
experience. He was formerly Vice President of the conventional oil and gas
business unit at Baytex Energy Ltd. and Vice President of the north business
unit at Burlington Resources Ltd. His strong background in production,
operations, budgeting, capital management and project execution will contribute
to the leadership of the technical and engineering teams, improving Arcan's
ability to operate efficiently and to meet its targets. 

About Arcan Resources Ltd.

Arcan Resources Ltd. is an Alberta, Canada corporation that is principally
engaged in the exploration, development and acquisition of petroleum and natural
gas located in Canada's Western Sedimentary Basin. 

Forward-Looking Information and Statements

This press release contains certain forward-looking information and statements
within the meaning of applicable securities laws. The use of any of the words
"expect", "will", "plans" and similar expressions are intended to identify
forward-looking information or statements. In particular, but without limiting
the foregoing, this press release contains forward-looking information and
statements pertaining to, among other things, expectations regarding new Arcan
executives and the ability of the new executives to affect Arcan's performance,
and ability to operate efficiently and meet targets. 

The forward-looking information and statements contained in this press release
reflect several material factors and expectations and assumptions of Arcan
including, without limitation: that Arcan will continue to conduct its
operations in a manner consistent with past operations; the accuracy of current
horizontal production data, historical well production and waterflood results;
the general continuance of current or, where applicable, assumed industry
conditions; continuity of reservoir conditions across Arcan's Swan Hills land
base and its Ethel oil pool; availability of debt and/or equity sources to fund
Arcan's capital and operating requirements as needed; the continuance of
existing and, in certain circumstances, proposed tax and royalty regimes; the
continued availability of capital resources; the accuracy of the estimates of
Arcan's reserve volumes; and certain commodity price and other cost assumptions
and estimates. 

Arcan believes the material factors, expectations and assumptions reflected in
the forward-looking information and statements are reasonable at this time but
no assurance can be given that these factors, expectations and assumptions will
prove to be correct. The forward-looking information and statements included in
this press release are not guarantees of future performance and should not be
unduly relied upon. Such information and statements involve known and unknown
risks, uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking information
or statements including, without limitation: for reasons currently
unanticipated, Arcan's production rates may not reach the levels currently
expected; the application and modification of horizontal, multi-stage fracture
technologies may not have the impact currently anticipated by Arcan; the future
drilling locations identified by Arcan may prove to be unsuitable or unavailable
and drilling on the locations identified may not occur; water injection at
additional sites may not have the impact on production currently anticipated by
Arcan; Arcan's capital spending and operational plans for 2013 may not be
completed in the timelines anticipated, in the manner anticipated or at all and
the execution of such plans may not have the results currently anticipated by
Arcan; changes in tax or environmental laws or royalty rates; increased debt
levels or debt service requirements; inaccurate estimation of Arcan's oil and
gas reserves volumes; limited, unfavourable or no access to debt or equity
capital markets; increased costs and expenses; the impact of competitors;
changes in Arcan's credit facility; changes in commodity prices; reliance on
industry partners; and certain other risks detailed from time to time in Arcan's
public disclosure documents including, without limitation, those risks
identified in this press release, and in Arcan's annual information form for the
year ended December 31, 2012, copies of which are available on Arcan's SEDAR
profile at

The forward-looking information and statements contained in this press release
speak only as of the date of this press release, and Arcan does not assume any
obligation to publicly update or revise them to reflect new events or
circumstances, except as may be required pursuant to applicable laws.

Arcan Resources Ltd.
Terry McCoy
Chief Executive Officer

Arcan Resources Ltd.
Doug Penner

Arcan Resources Ltd.
Suite 2200, 500 - 4th Avenue S.W.
Calgary, AB T2P 2V6
(403) 262-0321

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