Mr. Scott Eldridge reports

CANARC APPOINTS NEW CEO

Canarc Resource Corp. has appointed director Scott Eldridge as the new chief executive officer, effective today. Bradford Cooke, who has held the position as interim CEO, will continue as chairman of the company.

Mr. Eldridge has over 10 years of experience in the mining sector, spanning various executive roles with both private and public companies. He has a proven record of raising capital for mining projects from exploration stage to construction financing.

Mr. Cooke commented: "I am pleased to welcome Scott Eldridge to the Canarc management team. His leadership, capital markets experience and investor network should help unfold the full potential of our current gold projects and corporate strategy."

Over the span of his career, Mr. Eldridge has worked with different commodities including gold, silver, diamonds, copper, iron ore, vanadium, zinc and potash in a variety of locations including the United States, Canada, Brazil, Argentina, Mexico, Finland, Sweden, Spain, Romania and Ghana. He has worked mostly with junior companies guiding them through the advancement process of exploration, resource estimation and economic valuation leading to a merger and acquisition event or construction.

Most recently, he was president and chief executive officer of Arctic Star Exploration, a diamond exploration company. Prior, he held the position of chief executive officer and vice-president of finance with Amarillo Gold, a gold developer in Brazil. Additionally, he co-founded Euroscandic International Group Inc., a private company that offered investment banking services to natural resource companies. During his time in the industry, Mr. Eldridge has been responsible for raising in excess of $500-million in combined equity and debt financing for mining projects varying from exploration to construction financing around the globe. Mr. Eldridge has a BBA from Capilano University in Vancouver, Canada, and an MBA from Central European University in Budapest, Hungary.

About Canarc Resource Corp.

Canarc is a growth-oriented gold exploration company focused on generating superior shareholder returns by discovering, exploring and developing strategic gold deposits in North America. The company is currently advancing two core assets, each with substantial gold resources, and has initiated a high-impact exploration strategy to acquire and explore new properties that have district-scale gold discovery potential.

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