TMX group

VANCOUVER, Nov. 29 /CNW/ - Southern Arc Minerals Inc. (TSX Venture: SA)
is pleased to announce that it has negotiated a non-brokered private placement
for up to 3,000,000 units of the Company at a price of $0.35 per unit, for
gross proceeds of up to $1,050,000. Each unit will consist of one common share
and one-half (1/2) of a non-transferable share purchase warrant. Each full
warrant is exercisable into one additional common share at an exercise price
of $0.50 per common share for a period of two (2) years from closing. The
placement is subject to regulatory acceptance.
The proceeds of the private placement will be used to advance current
exploration programs, for additional property acquisitions, and as general
working capital.
In addition, the Company has entered into an investor relations agreement
with Robert Jeffery, whereby Mr. Jeffery will provide investor relations
services to the Company, initially for a period of six months and thereafter
on a month-to-month basis. The Company has agreed to pay Mr. Jeffery a fee in
the amount of $4,500 per month for his services.
Mr. Jeffery has been involved in the securities industry for 28 years,
including 13 years as a stock broker. He has performed investor relations for
public companies during the last 15 years, including 5 years for Hunter
Dickinson Inc., a manager of publicly-traded mineral exploration and
development companies.

On behalf of the Board of
Southern Arc Minerals Inc.

"John Proust"

Per: John G. Proust
     President and CEO

"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."


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