Amarc Announces Grant of Options

AMARC ANNOUNCES GRANT OF OPTIONS

March 9, 2022, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCQB: AXREF)

announces that it has granted 3.46 million incentive stock options to its service providers to acquire an aggregate

of 3.46 million common shares at $0.12 per share, for a period s of three to five years of which 50% are being

granted to insiders. All of the options are subject to required TSXV acceptance and customary vesting provisions

over 24 months.

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 copper-gold mines in BC. 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%-owned IKE, DUKE and JOY porphyry copper±gold districts located in different prolific

porphyry regions of southern, central and northern BC, respectively. Each district represents significant potential

for the development of multiple and important -scale, porphyry copp er±gold deposits. Importantly each of the

three districts is located in proximity to industrial infrastructure – including power, highways and rail.

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

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

ON BEHALF OF THE BOARD OF DIRECTORS OF AMARC RESOURCES LTD.

Dr. Diane Nicolson

President and CEO

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

accuracy of this release.