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ArQule Announces Third Quarter Fiscal 2012 Results

For 2012 ArQule expects net use of cash to range between $35 and $38 million. Revenues are expected to range between $34 and $37 million. Net loss is expected to range between $12 and $15 million. Net loss per share is expected to range between $(0.20) and $(0.25) for 2012. ArQule expects to end 2012 with between $127 and $130 million in cash and marketable securities.

Investor Conference Call

ArQule will host an investor conference call today at 9:00 a.m.

Date:       Thursday, November 1, 2012
Time: 9:00 a.m. Eastern Time

Conference Call Dial-In Numbers

Domestic:       (877) 868-1831
International: (914) 495-8595
Webcast:

http://www.ArQule.com

A replay of the conference call will be available beginning approximately two hours after its completion for seven days and can be accessed by dialing toll-free 1-855-859-2056 and 1-404-537-3406 from outside the U.S. For archived calls, the access code is 53861797.

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