Dr. Nicolson reports

AMARC APPOINTS DR. ROY GREIG, P.GEO, AS ITS NEW VP-EXPLORATION

Amarc Resources Ltd. appointed Dr. Roy Greig, PhD, PGeo, of C.J. Greig & Associates Ltd., as its new vice-president of exploration. The appointment of Dr. Greig strengthens Amarc's leadership team and enhances the company's existing relationship with Greig & Associates, one of Canada's premier minerals exploration and discovery groups. Greig & Associates will be assisting with Amarc's initiatives to explore and develop its three expansive, 100-per-cent-owned porphyry copper-gold districts in British Columbia, Canada.

"It is my great pleasure to welcome Dr. Roy Greig to the Amarc team," said Amarc president and chief executive officer Dr. Diane Nicolson. "Roy's extensive background in mineral exploration and his expertise in porphyry copper-gold systems is an ideal complement to our existing capabilities, and further strengthens the company's outstanding track record for the discovery and advancement of porphyry copper deposits in North America."

Dr. Greig's professional experience spans a wide variety of base and precious metals deposits in Alaska, Yukon, B.C., Ontario, Arizona, Mexico, Chile, Argentina and Eritrea. His experience encompasses grassroots through to advanced-stage exploration. He made important contributions at the world-class, high-grade Au Brucejack (Pretium Resources), the Cu-Au Filo del Sol (Filo Mining), the Saddle north porphyry Cu-Au and the Saddle south epithermal Au (GT Gold) deposits. Dr. Greig received his PhD from the University of Arizona in 2021, with sponsorship from a consortium including Freeport McMoRan, Anglo American and Newmont.

As vice-president of exploration, Dr. Greig will be responsible for overseeing all of Amarc's exploration programs, taking over from Canadian Mining Hall of Fame geologist and noted mine-finder Mark Rebagliati, PEng, FEC, who is to step back from the day-to-day operations at Amarc but will continue as a technical advisor.

"On behalf of Amarc's board of directors, I would like to extend my heartfelt thanks to Mark for his contributions to the company over the years," Dr. Nicolson said. "His extraordinary, practical insight into the nature and characteristics of mineral systems, and his ability to design exploration programs to successfully discover and develop deposits, is both rare and valuable in our business."

In addition to appointing a new vice-president of exploration, Nicolson said Amarc has extended its geological exploration services relationship with Greig & Associates, which was founded and is led by well-known exploration geologist, Charlie Greig. The Greig & Associates team is highly regarded for its porphyry Cu-Au deposit knowledge and discovery record. Mr. Greig is the recipient of the Prospectors & Developers Association of Canada's Bill Dennis award for 2022, as well as the B.C. Association for Mineral Exploration's H.H. "Spud" Huestis award in 2020, for the discovery of GT Gold Corp.'s Saddle north porphyry Cu-Au deposit and Saddle south epithermal Au deposit in northwest B.C. Amarc will benefit from increased access to Greig & Associates' high-quality geological and related services to advance Amarc's three major B.C. porphyry Cu-Au districts.

In addition, Amarc's highly credentialled exploration team continues to benefit from the insight and experience of executive chairman, economic geologist and Canadian Mining Hall of Fame member Robert Dickinson, as well as president and chief executive officer Dr. Nicolson, who has led successful exploration teams globally.

About Amarc Resources Ltd.

Amarc is a mineral exploration and development company with an experienced and successful management team focused on developing a new generation of long-life, high-value porphyry Cu-Au mines in B.C. By combining high-demand projects with dynamic management, Amarc has created a solid platform to create substantial value from its exploration and development-stage assets.

Amarc is advancing its 100-per-cent-owned Ike, Duke and Joy porphyry Cu-Au districts located in different prolific porphyry districts in Southern, central and Northern B.C., respectively. Each district represents significant potential for the development of multiple and important-scale, porphyry Cu-Au deposits. Importantly each of the three districts is located in proximity to industrial infrastructure -- including power, highways and rail.

Amarc is associated with HDI, a diversified, global mining company with a 30-year history of porphyry discovery and development success. Previous and current HDI projects include some of B.C.'s and the world's most important porphyry deposits -- such as Pebble, Mount Milligan, Southern Star, Kemess South, Kemess North, Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie, IKE and Pine. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral projects.

Amarc works closely with local governments, Indigenous groups and other stakeholders in order to advance its mineral projects responsibly, and in a manner that contributes to sustainable community and economic development. The company pursues early and meaningful engagement to ensure the company's mineral exploration and development activities are well coordinated and broadly supported, addresses local priorities and concerns, and optimizes opportunities for collaboration. In particular, the company seeks to establish mutually beneficial partnerships with Indigenous groups within whose traditional territories the company's projects are located, through the provision of jobs, training programs, contract opportunities, capacity-financing agreements and sponsorship of community events. All Amarc work programs are carefully planned to achieve high levels of environmental and social performance.

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