Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") announces
that it has sold its assets located in the Hamburg area of Northern Alberta (the
"Assets") for cash consideration of $12.1 million, subject to normal closing
adjustments.  


Production from the Assets in the second quarter of 2012 was approximately 237
barrels of oil equivalent ("boe") per day, comprised of 89 percent oil. The
proceeds from the disposition of the Assets will be used to reduce debt under
Arcan's credit facility. 


About Arcan Resources Ltd. 

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


Legal Advisories

Barrels of oil equivalent ("BOE") may be misleading, particularly if used in
isolation. A BOE conversion ratio of six thousand cubic feet ("Mcf") of natural
gas to one barrel ("bbl") of oil is based on an energy equivalency conversion
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. In addition, given that the value ratio based on
the current price of oil as compared to natural gas is significantly different
from the energy equivalent of six to one, utilizing a BOE conversion ratio of 6
Mcf:1 bbl would be misleading as an indication of value. 


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
"estimates", ''expects'', ''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, the use of
proceeds from the sale of the Assets. 


The forward-looking information and statements contained in this press release,
including but not limited to the estimates of 2012 annual production, reflect
several material factors and expectations and assumptions of Arcan including,
without limitation, that the sale of the Assets will close in accordance with
Arcan's expectations and that the funds received in relation thereto can be
applied against Arcan's credit facility.  


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: inaccurate assumptions relating to
the closing of the sale of the Assets and the ability to use the funds received
to reduce debt under Arcan's credit facility; 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, 2011, copies of which are
available on Arcan's SEDAR profile at www.sedar.com. 


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.