Dr. Diane Nicolson reports

AMARC APPOINTS DR. JAMES LANG AS TECHNICAL ADVISOR FURTHER STRENGTHENING ITS TEAM

Amarc Resources Ltd. has appointed Dr. James Lang, PGeo, as a technical adviser to the company.

Dr. Diane Nicolson, Amarc president and chief executive officer, said: "I am delighted to re-engage with Jim and welcome him to the team as a technical adviser. His passion for mentoring geological teams, coupled with his impressive depth of knowledge and background in porphyry copper deposits, will undoubtedly make a significant contribution to the company as we build towards an exciting and drill-forward 2024. Jim's input further strengthens the team's track record for the discovery and advancement of porphyry copper deposits."

Dr. Lang has 40 years of global experience, providing consulting services to numerous junior and major exploration and mining companies, and working in about 30 countries on a wide variety of mineral deposit types, and stages of exploration and/or development. He has also conducted extensive research into porphyry copper and related deposits, beginning at the University of Arizona, where he received his PhD in 1991. Later, as a research associate with the mineral deposit research unit at the University of British Columbia, Dr. Lang led multiyear, industry-financed, applied research projects which developed widely utilized exploration models for alkalic copper-gold porphyry deposits in British Columbia.

Dr. Lang also spent approximately 16 years with Hunter Dickinson Inc. (HDI), leading the technical teams on several projects that encompassed early exploration programs through completion of positive feasibility studies, and was highly involved in major porphyry discoveries at Pebble (Alaska) and Xietongmen (Tibet). In addition, Amarc benefited from his expertise in porphyry copper and related deposits during this time through his studies in the IKE district.

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 British Columbia. By combining high-demand projects with dynamic management, Amarc has created a solid platform to create value from its exploration- and development-stage assets.

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

Freeport-McMoRan Mineral Properties Canada Inc., a wholly owned subsidiary of Freeport-McMoRan Inc., at Joy and Boliden Mineral Canada Ltd., an entity within the Boliden Group of companies, at Duke, can earn up to a 70-per-cent interest in each district through staged investments of $110-million and $90-million, respectively. Together this provides Amarc with potentially up to $200-million in non-share-dilutive staged financing. Amarc is the operator of both programs.

Amarc is associated with HDI, a diversified, global mining company with a 35-year history of porphyry Cu deposit 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, Pine and Duke. 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 stakeholders in order to advance its mineral projects responsibly, and in a manner that contributes to sustainable community and economic development. It pursues early and meaningful engagement to ensure its mineral exploration and development activities are well co-ordinated and broadly supported, address local priorities and concerns, and optimize opportunities for collaboration. In particular, Amarc 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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