Arcus Exercises Dawson Gold Option

Arcus Development Group Inc. ("Arcus" or the "Company") (TSX VENTURE:ADG) is
pleased to provide the following corporate update.


Dawson Gold Option

Arcus has fully exercised its property option with ATAC Resources Ltd. ("ATAC")
and acquired a 50% interest in the Dawson Gold project, located in the White
Gold District of the Yukon Territory. In exercising the option, Arcus has: (i)
incurred $3.5 million in exploration expenditures in the project area; (ii)
issued one million shares to ATAC; and (iii) made total cash payments of
$185,000 to ATAC. Future exploration will be carried out as a joint venture
between Arcus and ATAC, with Arcus acting as the joint venture operator.


The Dawson Gold project is comprised of four separate claim blocks where
exploration has been conducted at various levels for the past three years.
Significant advancements have been made at the Touleary property, located
immediately south of the Kinross Gold Corp. White Gold project and the Dan Man
property, located immediately north of Kaminak Gold Corp.'s Coffee property. 


Work by Arcus at the Touleary property in 2011 resulted in the first
volcanogenic massive sulphide ("VMS") discovery in the White Gold District. A
five hole diamond drill program totaling 935 m targeted a 300 by 100 m area
within a 1,200 m long zone of coincident magnetic and intermittent gold-in-soil
geochemical anomalies. VMS mineralization was intersected in all five holes,
with the most significant intersection containing 7.18% copper, 116 g/t silver,
3.55 g/t gold and 4.30% zinc over 2.25 m (see October 4, 2011 news release). A
helicopter borne Versatile Time Domain Electromagnetic (VTEM) survey was flown
subsequent to the discovery and a number of electromagnetic targets are
currently being modeled for the 2012 exploration season. The major focus of the
2012 work program will be the drilling of high priority targets within the
untested 900 m portion of the favorable zone at the Touleary property.


The Dan Man property hosts four separate gold-in-soil geochemical anomalies
coincident with multiple structural features interpreted from a detailed
airborne magnetic survey and air photo lineament analysis. Two of these zones
were partially tested in 2011 as part of a 1,500 m diamond drill program and
both identified structurally hosted gold mineralization (see December 7, 2011
news release).


Details for both properties can be viewed on the Arcus website at
www.arcusdevelopmentgroup.com.


Private Placement

Arcus also announces that subject to regulatory acceptance, it will carry out a
non-brokered unit offering. Up to 2 million units at a price of $0.75 per unit
will be sold for gross proceeds of $1.5 million. Each unit will consist of four
(4) flow-through shares, one (1) non-flow-through share and one (1) share
purchase warrant. Each of the five (5) shares comprising a unit will be issued
at a price of $0.15. Each warrant will entitle the holder to purchase one (1)
additional Arcus share at a price of $0.25 at any time within one (1) year of
the closing of this unit offering.


The flow-through proceeds from the unit offering will be used to fund the 2012
drill program at the Touleary property. The non-flow-through proceeds from the
offering and from the exercise of warrants will be used as general working
capital. Arcus may pay a finder's fee on the sale of a portion of the unit
offering.


Board of Directors

The Arcus Annual General Meeting was held on March 27, 2012. All incumbent
directors were re-elected with the exception of Eric B. Tweedie. Mr. Tweedie did
not run for re-election. As a founding member of Arcus, the board would like to
thank Mr. Tweedie for his contributions over the past five years and wishes him
well as he embarks on his retirement.


The technical information in this news release has been prepared and approved by
William A. Wengzynowski, P. Eng., a director of Arcus and a qualified person for
the purposes of National Instrument 43-101.


On behalf of Arcus Development Group Inc.

Ian J. Talbot, President and 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.
Arcus Development (TSXV:ADG)
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