ARN

Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") has
completed the disposition of its non-core Virginia Hills asset for gross
proceeds of $7.5 million. Proceeds from the sale will be applied directly
against the debt on the balance sheet. Arcan also continues to solicit interest
for other producing and development properties, which are described in detail in
its September 23, 2013, news release.


Arcan has started drilling the first horizontal well in its winter development
drilling program. The Corporation anticipates drilling four to five horizontal
wells over the winter months including: two wells in Northern Ethel, one well in
Deer Mountain Unit #2, one well in west Ethel and possibly one additional
location before spring break-up. The winter drilling program is planned to occur
on existing producing pad sites to maximize capital efficiencies while
minimizing on-stream production delays.


Arcan's strategy remains focused on strengthening operational capability,
capturing capital efficiencies and development in order to support its
production base. Opportunities to extract value from asset sales, joint ventures
or farm-outs also continue to be pursued.


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.


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'', "anticipates", ''will'', ''plans", "continues" 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 following: the use of proceeds from the disposition of the
Corporation's non-core Virginia Hills asset; the continued soliciting of
interest for other non-core producing and development properties; the
Corporation's winter development drilling program, including the number and
location of the anticipated wells; the goals and results of the winter drilling
program; Arcan's strategic direction; and the future growth of Arcan including
development, exploration, acquisition, construction and operational activities
and related expenditures.


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 lack of any adverse
weather conditions; the lack of significant changes in capital markets or
commodity prices; 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 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, the future drilling locations identified by Arcan may prove to be
unsuitable or unavailable and drilling on the locations identified may not
occur; Arcan's capital spending and operational plans for the remainder of 2013
and 2014 may not be completed in the timelines anticipated, in the manner
anticipated or at all and the execution of such plans may be negatively affected
further; 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 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 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Arcan Resources Ltd.
Terry McCoy
Chief Executive Officer
tmccoy@arcanres.com


Arcan Resources Ltd.
Douglas Penner
President
dpenner@arcanres.com


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

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