AMARC RESOURCE LTD - AXREF STOCK NEWS

Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) emphasizes its commitment to responsible mineral development in British Columbia. The company is focusing on its 100%-owned JOY, DUKE, and IKE Districts, which host significant copper-gold deposits. With expectations of increasing global copper demand reaching 53 million metric tons by 2050, Amarc is strategically developing partnerships and engaging in non-dilutive exploration. The CEO highlights the importance of copper in achieving net-zero carbon emissions by 2050 and anticipates sharing continuous development updates with investors.

Amarc Resources Ltd. (TSXV:AHR; OTCQB:AXREF) has engaged KIN Communications Inc. for investor relations to enhance its market presence. CEO Diane Nicolson highlighted Amarc's position in three copper-gold districts with potential deposits. The company has partnered with Freeport Mineral Properties Canada Inc. and is planning development programs for its DUKE and IKE districts. The agreement with Kin is for 12 months at $12,500 monthly, plus stock options for 1,000,000 shares at $0.11, subject to regulatory approval.

Amarc Resources Ltd. (OTCQB:AXREF) has secured an additional $100,000 from director Robert Dickinson, increasing its total loan obligation to $1.1 million. The unsecured loan carries a 10% annual interest rate, repayable by November 26, 2024, or upon default. The funds will be allocated towards the initial $100,000 requirement for a five BC mineral claims option, which costs $1 million in total. Amarc aims to conduct geophysical work on these claims immediately, as they hold significant potential for developing copper-gold deposits.

Amarc Resources Ltd. (OTCQB:AXREF) is set to participate in the 2022 Prospectors and Developers Association Conference from June 13-15 at the Toronto Convention Centre. Delegates are encouraged to visit Booth #3240 to engage with President and CEO Diane Nicolson and Executive Chair Bob Dickinson regarding recent organizational advancements and the strategic plans for Amarc's 100%-owned copper-gold districts in British Columbia, including the JOY, IKE, and DUKE areas. These districts are highlighted by four known deposits and ten further exploration targets.

Amarc Resources Ltd. announced a $100,000 increase to an existing $1 million loan from a director and major shareholder, now totaling $1.1 million. The unsecured loan will incur a 10% annual interest and is due by November 26, 2024, or upon financing milestones. In return, Amarc will issue 1,176,470 warrants at $0.085 per share. Proceeds will fund a $100,000 option requirement for mineral claims, with an additional $900,000 payable over the next nine years. The company focuses on developing high-value porphyry copper-gold mines in British Columbia.

Amarc Resources Ltd. (TSXV:AHR, OTCQB:AXREF) announced its participation in the 2022 Vancouver Resource Investment Conference on May 17-18, showcasing its 100%-owned copper-gold districts in British Columbia, including the JOY, IKE, and DUKE. The company aims to advance four copper-gold deposits and ten drill-ready targets. Notably, CJ Greig, a key technical advisor, received the A.O. Dufresne Exploration Achievement Award for his contributions to mining exploration. Forward-looking statements caution potential risks, including market and environmental factors that could impact project timelines.

Amarc Resources Ltd. (AXREF) announced that Mark Rebagliati, the Technical Advisor and Executive VP of Exploration for Hunter Dickinson Inc., received the prestigious J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining, Metallurgy and Petroleum. The award ceremony took place on May 2, 2022. Rebagliati has an impressive history of mineral discoveries including the IKE Deposit and has been recognized multiple times for his contributions to mineral exploration. Amarc focuses on developing high-value porphyry copper-gold mines in British Columbia.

Amarc Resources Ltd. (TSXV:AHR) has granted 3.46 million incentive stock options to service providers to acquire common shares at $0.12 each, with a vesting period over 24 months. Of these, 50% are granted to insiders. This move is a part of Amarc's strategy to develop high-value copper-gold mines in British Columbia, focusing on its IKE, DUKE, and JOY districts, which show significant potential for major deposits. Each district offers access to crucial industrial infrastructure, enhancing their development prospects.