Amarc Announces $2.6 Million Financing Drill Program Planned FOR Duke

AMARC ANNOUNCES $2.6 MILLION FINANCING

DRILL PROGRAM PLANNED FOR DUKE

September 27, 2017, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX -V: AHR; OTCBB:

AXREF) announces a private placement of common shares for proceeds totaling approximately $2.6 million that

will be completed in the immediate future. The common shares will be issued at a price of C$0.20 per share and

subject to a four month hold period . F ees of 6% are payable on a portion of the financing and the financing is

subject to final TSX Venture Exchange approval.

Proceeds from the financing will be used to drill test the D UKE porphyry copper deposit target this fall with a

budget of approximately $600,000, repay $500,000 of loans outstanding and for general corporate and working

capital purposes.

Amarc’s DUKE deposit target and the adjacent 190 km 2 porphyry copper district is located 80 km northeast of

Smithers, British Columbia (“BC”) and 30 km north of former mines (Bell and Granisle) operated by Noranda Mines.

The DUKE Project area is logging road accessible from Smithers or Fort St. James. The Company plans to complete

up to four drill holes as an initial test of the DUKE deposit target.

Prior operators explored the DUKE porphyry copper deposit target with surface geochemical and geophysical

surveys, as well as 30 shallow diamond drill holes. Many of the holes drilled intersected significant lengths of

porphyry copper -molybdenum-silver-gold mineralization , which remains open both laterally and to depth.

Additionally, t he surrounding DUKE district covered by Amarc mineral claims hosts multiple second-order

porphyry copper deposit targets . Amarc proactively supports government’s duty to consult First Nations and

following a rigorous review process, the Company has received two five-year, area-based permits for DUKE Project

exploration activities.

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 BC porphyry copper mines. By combining strong projects and funding

with successful management, Amarc has created a solid platform to creat e value from its exploration and

development-stage programs.

Amarc is advancing its 100% owned IKE, DUKE and JOY porphyry coppe r deposit districts, located in southern,

central and northern BC, respectively, each with proximity to industrial infrastructure, power, rail and highways.

These projects represent significant potential for the discovery of multiple and important- scale, porphyry gold-

copper and copper-molybdenum deposits.

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The 462 km2 IKE Project is located 33 km northwest of the historical mining community of Gold Bridge. Amarc has

made a significant new porphyry copper-molybdenum-silver discovery, completing over 12,000 metres of drilling

in 21 wide-spaced core holes in the IKE deposit. The deposit has the potential for extensive resource volumes and

remains open to expansion in all directions. Extensive r egional surveys have also identified numerous porphyry

copper (±molybdenum±gold±silver) targets within 10 km of the IKE deposit. Amarc has partnered with Hudbay

Minerals Inc. (“Hudbay”) (TSX-HBM; NYSE:HBM) to efficiently fund the advancement of the IKE Project (see Amarc

News Release dated July 6, 2017) with a 2017 exploration program budget of $3.3 million.

Amarc’s 72 km 2 JOY Project lies 310 km north of Mackenzie, BC in the province’s Toodoggone region, an area

considered to have high potential for the discovery of important scale, porphyry gold -copper deposits. JOY is

located 20 km north of t he prolific Kemess District , host to the former Kemess South Mine and AuRico Metals ’

recently government approved Kemess Underground Projec t. Past operators conducted prospecting- style work

indicating a number of substantial porphyry gold-copper and epithermal silver-gold deposit targets across the JOY

property. In particular, historical and recent soil surveying outlined a 9 km2 copper, gold, molybdenum, silver and

zinc geochemical anomaly (“Deposit Target One”), which potentially reflects a large and shallowly buried, gold-

copper porphyry deposit. Amarc has partnered with Hudbay to efficiently fund the advancement of the JOY Project

(see Amarc News Release dated August 22, 2017) with a 2017 exploration program budget of $1.9 million.

Amarc has also concluded option agreements with each of Gold Fields Toodoggone Exploration Corporation and

Cascadero Copper Corporation to purchase 100% of the 323 km2 PINE property (see Amarc News Release August

29, 2017), which lies between Amarc’s JOY Project and AuRico’s Kemess developments.

Amarc considers the JOY and adjacent PINE mineral claims to be significantly underexplored and, potentially, to

represent the northern extension of the Kemess gold-copper district. Deposit Target One on Amarc’s JOY Project

which is the focus of the 2017 drill program extends for some distance onto the PINE property. In addition, highly

favorable geology, surface sampling and geophysical surveys , along with drilling in 248 holes by past operators ,

indicate a number of significant gold-copper deposit targets across the PINE property.

Amarc is associated with Hunter Dickinson Inc. (“HDI”), a diversified, global mining company with a 29-year history

of porphyry discovery and development success. Previous and current HDI porphyry projects include some of BC’s

and the world’s most important mineral resources – such as Pebble, Mount Milligan, Kemess South, Kemess North,

Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Sisson, and Maggie. From its head office in Vancouver,

Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral

projects to provide superior returns to shareholders.

Amarc is committed to wo rking collaboratively with governments and stakeholders to achieve responsible

development of its projects, while contributing to sustainable development of the communities in which it works.

All work programs are carefully planned to achieve high levels of environmental and social performance.

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Qualified Person as Defined Under National Instrument 43-101

Mark Rebagliati, P. Eng., a Qualified Person as defined under National Instrument 43 -101, has reviewed and

approved the technical content of this release.

For further details on Amarc Resources Ltd., please visit the Company’s website at www.amarcresources.com or

contact Dr. Diane Nicolson, President, at (604) 684-6365 or within North America at 1-800-667-2114.

ON BEHALF OF THE BOARD

Ronald W. Thiessen

Chief Executive Officer

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsi bility for the adequacy or

accuracy of this release.

Forward Looking and other Cautionary Information

This news release includes certain statements that may be deemed "forward -looking statements". All such statements, other than

statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward-

looking statements. Although the Company believes the expectations expressed in such forward- looking statements are based on

reasonable as sumptions, such statements are not guarantees of future performance and actual results or developments may differ

materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include

the following: Amarc's projects will obtain all required environmental and other permits and all land use and other licenses, studies and

exploration of Amarc's projects will continue to be positive, and no geological or technical problems will occur. The Company cannot

guarantee that the Consolidated Loan and issuance of securities contemplated by this release will complete. There is no certainty that the

Company will be able to repay the Consolidated Loan or any other outstanding debt or liability of the Company in a timely manner or at all.

Factors that could cause actual results to differ materially from those in forward -looking statements include market prices, potential

environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes,

continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delay s due to third

party opposition, changes in and the effect of government polici es regarding mining and natural resource exploration and exploitation,

exploration and development of properties located within Aboriginal groups asserted territories may affect or be perceived to affect

asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital

and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees

of future performance and actual results or developments may differ materially from those projected in the forward -looking statements.

For more information on Amarc Resources Ltd., investors should review the Company's annual Form 20 -F filing with the United States

Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.