AMARC MESSAGE FROM THE CEO: SEPTEMBER 2022 Proactive Commitment to the Global Energy Transition Responsible Mineral Development in British Columbia
AMARC MESSAGE FROM THE CEO: SEPTEMBER 2022
Proactive Commitment to the Global Energy Transition
Responsible Mineral Development in British Columbia
September 22, 2022, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX -V: AHR; OTCQB:
AXREF) is pleased to provide a message from its President and CEO, Dr. Diane Nicolson.
“2022 is proving to be a transformative year for Amarc as we work to develop our unique portfolio of high value
copper-gold districts in British Columbia, a premier global mining jurisdiction and the heartland for copper
production in Canada,” said Nicolson.
“Amarc’s expansive, 100%-owned JOY, DUKE and IKE Districts have been diligently assembled and advanced over
a period of years, with each now hosting one or more known porphyry copper deposits and a pipeline of high -
potential deposit targets. Perhaps more importantly, these Districts host the type of copper mineraliza tion that
major producers seek, with potential for low-cost, bulk tonnage, long-life production.”
“Amarc already has one major mining partner committed to funding non-dilutive exploration at JOY, and we will
continue to be both highly selective and strateg ic with the partnerships we seek for our remaining portfolio of
assets in order to maximize value for investors.”
While battery metals, rare earth elements and other high -demand ‘critical minerals’ have commanded news
headlines in recent years, Nicolson argues that copper will be the lynch-pin commodity that ultimately determines
whether Canada, the United States and countries around the world achieve their ‘net -zero by 2050’ carbon
emission goal. For many reasons – including cost, conductivity, ductility and durability – copper is a fundamental
and irreplaceable material for electrification and renewable energy applications.
S&P Global1 recently forecast that worldwide demand for copper will grow from 25 million metric tons (MMt) in
2021 to 50 MMt by 2035, a record-high level that will continue to rise to 53 MMt by 2050. Supply shortfalls are
predicted to begin in 2025 and persist throug h the following decade, with the copper supply gap expected to
reach an unprecedented 9.9 MMt by 2035.
“With long-term copper supply and demand dynamics like that, I can assure you there’s never been a more exciting
or relevant time to be involved in coppe r exploration in Canada,” Nicolson said, noting the Amarc team has
contributed to the discovery and development of multiple copper and copper/gold deposits in recent decades
many of which have been, are being or remain be mined.
“Not only are we confident in the quality of our assets and the experience of our team and partners, we’re
motivated by the opportunity to contribute to the global effort to achieve ‘net -zero by 2050’ through the
responsible development of high value copper deposits right here in Br itish Columbia. Amarc looks forward to
sharing our stream of development news in the months and years ahead with both shareholders and new
investors.”
1 https://ihsmarkit.com/Info/0722/futureofcopper.html
2
Qualified Person as Defined Under National Instrument 43-101
Dr. Roy Greig, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed and approved
the technical content in 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 and CEO, at (604) 684-6365 or within North America at 1-800-667-2114, or
Kin Communications, at (604) 684-6730, Email: [email protected].
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.
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 plans and plans for enhanced relationships are forward-looking statements. Although
the Company believes the expectations expressed in such forward -looking statements are based on reasonable assumptions, 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. Factors that could cause actual results to differ materially from
those in forward -looking statements include market pr ices, 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 delays due to third party opposition, changes in and the effect of government policies
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 o r
opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business co nditions, as
well as risks relating to the uncertainties with respect to the effects of COVID-19. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ materially from those proj ected in the forward -looking
statements. For more information on Amarc Resources Ltd., investors should review Amarc'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.