Phase 1 Drilling Program At Duke Copper-Gold District

VANCOUVER - Amarc Resources Ltd. reported on the completion of the Phase 1 core drilling program at its DUKE porphyry Cu-Au district, central British Columbia (BC). Three drill rigs were deployed during the program completing 11,070 m in 24 core holes. Two rigs focused on further delineating the DUKE Cu-Mo-Ag-Au Deposit, while the third commenced testing the shallow overburden covered and robust 4.7 km2 Induced Polarization (IP) chargeability anomaly. This IP chargeability anomaly surrounds the DUKE Deposit and is indicative of an expansive mineralized sulphide system. Amarc and Boliden are now actively planning the Phase 2 exploration works that will commence in early summer, and which will include extensive surface surveys to explore 10 prioritized porphyry Cu deposit targets across the DUKE District.

These Phase 1 and 2 programs through 2023 are budgeted at $10 million and are being fully funded under the Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd.

During Phase 1, an additional 22 holes were completed this year with on-site activities resuming in mid-January after a holiday break. As assay results from these holes are received, they will be compiled and assessed and timely reported.