AMARC RESOURCE LTD - AXREF STOCK NEWS

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.

Amarc Resources Ltd. announced promising assay results from its 2021 drill program in the JOY Cu-Au District, partnered with Freeport-McMoRan. The program included nine holes totaling 4,300 m. Key findings from the PINE Deposit include intercepts of 101.90 m with 0.56% CuEQ and significant extensions of mineralization depth. Following extensive geophysical surveys, additional Cu-Au targets have been identified for further drilling, with aggressive testing planned for 2022. Freeport's financial backing has been confirmed for continued exploration.

Amarc Resources Ltd. has appointed Dr. Roy Greig as its new Vice President of Exploration. Dr. Greig's extensive experience in porphyry Cu-Au systems enhances the company's leadership team and its exploration efforts in British Columbia. He takes over from Mark Rebagliati, who will remain as a technical advisor. The appointment aims to strengthen Amarc's initiatives in discovering and developing its three major Cu-Au districts. The company is focused on responsible mineral exploration and development, with robust relationships with local communities.

Amarc Resources Ltd. is participating in the 2021 AME Roundup Conference on January 31 and February 1, showcasing its three major, 100%-owned copper-gold districts in British Columbia: IKE, JOY, and DUKE. These districts feature four known deposits ready for development and ten additional targets poised for drilling. Conference attendees can visit booth #614 or contact CEO Diane Nicolson for meetings. The company notes that forward-looking statements regarding project developments are subject to various risks, including market prices and regulatory approvals.

Amarc Resources Ltd. (TSXV:AHR)(OTCQB:AXREF) has announced the continuation of its earn-in with Freeport-McMoRan into a second drilling season at the JOY Cu-Au District in British Columbia. In 2021, Freeport invested $5.94 million, allowing Amarc to integrate fieldwork results into future exploration programs. Amarc's collaboration with Indigenous groups and local stakeholders is also acknowledged, enhancing community engagement. The company focuses on developing long-life, high-value porphyry copper-gold mines in BC, with ongoing exploration activities promising future opportunities.

Amarc Resources Ltd. announces an increase in investment from Freeport-McMoRan for the JOY Cu-Au District exploration in British Columbia. Year 1 funding for the 2021 exploration program rises from $4 million to $5.94 million. The program has successfully completed nine core holes totaling over 4,300 meters, focusing on the PINE and MEX deposits. Advanced IP surveys reveal significant potential for copper-gold mineralization at various targets. Laboratory results are pending for over 800 samples collected this season, further supporting exploration efforts.

Amarc Resources Ltd. has appointed Jeannine Webb as the new Chief Financial Officer, replacing Sebastian Tang, who resigned to focus on his accounting business. Webb brings over 25 years of experience in the resources sector and has served as CFO for numerous junior resource companies. Dr. Diane Nicolson, President and CEO, expressed confidence in Webb's ability to enhance the company's financial management as they advance their projects. Amarc is focused on developing high-value copper-gold mines in British Columbia, with significant potential across three porphyry districts.

Amarc Resources Ltd. announced a 37.5% increase in funding from Freeport-McMoRan Mineral Properties Canada Inc., raising the first-year contribution from CDN$4 million to CDN$5.5 million for the ongoing exploration at the JOY District in British Columbia. This funding will primarily enhance the diamond drilling program. Amarc aims to advance deposit delineation and assess targets known for copper and gold mineralization. Initial results are expected by the end of summer, as Amarc positions itself for potential significant shareholder value creation.