$AXREF

Amarc Resources is a mineral exploration company that acquires and explores mineral properties. It is actively exploring properties in British Columbia, Canada, with work focused on discovering and advancing porphyry copper, gold, molybdenum and silver deposits. Its three districts are JOY in northern BC, DUKE in central BC and IKE in southern BC. The projects include the AuRORA, PINE, TWINS, CANYON, DUKE, IKE and Empress deposits or exploration targets. All of Amarc’s mineral properties are at the exploration stage. Amarc holds a 40% interest in the JOY joint venture company AuRORA Minerals and manages exploration programs there; Freeport holds the other 60%. Amarc also holds a 40% interest in the DUKE joint venture with Boliden and operates the project, while it owns and operates the IKE District. Exploration programs are funded through joint venture arrangements and, at IKE, by Amarc. Amarc is headquartered in Vancouver, British Columbia, Canada.