ADG Arcus Development Group Inc

Arcus Development Group Inc. (TSX VENTURE: ADG) (the "Company") announces that will carry out an additional $1,000,000 financing concurrently with the $1,500,000 financing announced on June 16, 2010. The $1,000,000 financing will include the sale of 3,750,000 flow-through shares and 1,250,000 non-flow-through units. Each unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at any time over an 18 month period for $0.35. The flow-through shares and the units will each be sold at a price of $0.20.

Both of the $1,500,000 and the $1,000,000 placements are non-brokered. Subject to regulatory approval, both will close prior to the end of July. The flow-through proceeds from both private placements will be used to finance work programs on the Company's Dawson Gold project, located in the White Gold area of the Yukon Territory. The non-flow-through portion of the $1,000,000 placement will be used by the Company as general working capital. Finders' fees will be paid on a portion of both placements.

The Company also announces that mechanical trenching programs have commenced on its Green Gulch and Touleary properties. Both properties are located immediately adjacent to the Underworld Resources White Gold property recently acquired by Kinross Gold Corp. Trenching on the Company's Dan Man property will begin in late July or early August. The Dan Man property is located immediately north of the Kaminak Gold Corporation Coffee property. Maps showing the locations of the properties can be viewed on the Company's website (www.arcusdevelopmentgroup.com).

"The combined financings of $2,500,000 will provide the Company with adequate exploration funds to drill test targets identified during this year's trenching program. The flow-through funds also ensure that the Company can complete sufficient work to fully exercise the underlying property option and acquire a 50% interest in the Dawson Gold project," stated Ian Talbot, the Company President.

On behalf of Arcus Development Group Inc.

Ian J. Talbot, President & CEO

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Arcus Development Group Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Arcus Development Group Inc.'s expectations are the risks detailed herein and from time to time in the filings made by Arcus Development Group Inc. with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Arcus Development Group Inc. Grant Longhurst Corporate Communications (604) 506-2445 (604) 688-2578 (FAX) grant@arcusdevelopmentgroup.com www.arcusdevelopmentgroup.com Arcus Development Group Inc. Ian J. Talbot President & CEO (604) 687-2522 (604) 688-2578 (FAX) ian@arcusdevelopmentgroup.com www.arcusdevelopmentgroup.com