Amarc Provides Update ON Joy Copper-GOLD District and Files Project Technical Report

AMARC PROVIDES UPDATE ON JOY COPPER-GOLD DISTRICT

AND FILES PROJECT TECHNICAL REPORT

May 15, 2020, Vancouver, BC – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCBB: AXREF)

is pleased to announce that a National Instrument 43-101 Technical Report (the “Report”) for the Company's JOY

Project, British Columbia (“BC”) (the “Project”) will be filed today under Amarc’s profile at www.sedar.com. It will

also be available on the Company’s website at www.amarcresources.com/ahr/Home.asp. The Report provides

details on the potential of the Company’s JOY porphyry copper –gold deposit district, along with proposed

exploration plans for the PINE deposit, the MEX deposit target and a series of drill-ready high potential exploration

targets.

Amarc’s 100%-owned 482 km2 JOY Project covers the northern extension of the prolific Kemess porphyry copper-

gold district (the “Kemess District”) in the Toodoggone region of north -central BC (see attached figures1). The

Kemess District is well -known to Amarc’s technical team through their association with Hunter Dickinson Inc.

(“HDI”); its members are credited as being the first to recognize the District’s true porphyry potential – acquiring

both the early -stage Kemess North and Kemess South prospects and advancing them to significant porphyry

copper-gold deposits, before selling the projects to a predecessor of Northgate Minerals (“Northgate”). Northgate

went on to develop the Kemess South mine (BC’s third largest gold producer), producing 3 million ounces of gold,

and 750 million pounds of copper over a 13-year period to 20112. The southern area of the Kemess District is now

held by Centerra Gold Inc. (“Centerra”), and includes the government-approved Kemess Underground Project (the

deeper higher grade extension of the Kemess North deposit), the advanced stage Kemess East deposit as well as

the mined -out Kemess South deposit . The resource road that services Centerra’s deposits and the historical

Lawyers and Shasta gold-silver mines, also provides access to Amarc’s JOY Project.

The PINE deposit and MEX deposit target on the JOY Project have seen several phases of historical drilling. Work

by Amarc has identified significant expansion potential at both that requires drill testing. In addition, Amarc has

defined seven large (approximately 1 to 8 km 2), high potential porphyry copper-gold exploration target areas,

each of which hosts multiple targets that are either drill-ready, or can rapidly be brought up to a drill ready status

by the completion of focused surface surveys (see attached figure). A highly effective targeting strategy was

achieved by combining and interpreting information from the Company’s exploration surveys and extensive

historical datasets. These datasets include results from soil geochemical sample grids, airborne magnetics and

ground Induced Polarization (“IP”) geophysical surveys, geological and alteration mapping and historical drilling.

The large historical soils geochemical database (6,390 samples) was particularly useful.

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New Porphyry Copper-Gold Potential at PINE and MEX

The PINE deposit is a northeast-trending, 2.5 km-long porphyry copper-gold mineralized system located within an

underexplored 6 km2 area of strong hydrothermal alteration, as defined by IP chargeability, alteration mapping

and limited historical drilling. At the PINE deposit, shallow historical drilling (most holes record less than 175 m

vertical penetration) indicates that mineralization is open both laterally and to depth , with many of the holes

ending in mineralization and some showing a downhole increase in copper and gold grades (see attached figure).

Examples of the historical results are: hole P97-08 that intersected 141 m of 0.17% Cu, 0.49 g/t Au, 2.0 g/t Ag and

0.001% Mo from 128 m, hole 92-40 that intersected 85 m of 0.14% Cu, 0.73 g/t Au, 0.6 g/t Ag and 0.002% Mo

from 55 m, and hole 93-44 that intersected 82 m of 0.12% Cu, 0.52 g/t Au, 1.1 g/t Ag and 0.003% Mo from 37 m.

In addition to the delineated drill -ready targets at PINE , untested areas of high IP chargeability and/or s oil

geochemistry lie between the widely -spaced historical holes and extend outward laterally, with the majority of

the surrounding 6 km2 area of strong hydrothermal alteration remaining to be fully explored.

Similarly, at the MEX deposit target widely-spaced historical drilling indicates that the system remains open both

laterally and to depth.

Newly Identified Porphyry Copper-Gold Targets

The MEX Cluster, located between the PINE and MEX mineralized systems, includes a series of new targets (see

attached figure), that are characterized by coincident anomalies defined by g eochemical, geophysical and

mapping surveys. These new, well-defined targets are a priority for early drill testing.

Additional surface surveys are planned to prepare emerging drill targets at the Canyon South, Twins, SW Takla,

Central Takla and the North Finley target areas for drilling. For example at Canyon South, a 1 km wide high-contrast

>28 mV/V core of a 2 km -wide >18 mV/V IP chargeability anomaly closely coincides with a 500 m diameter

magnetic high that is possibly related to an unidentified , and potentially mineralized, porphyry stock. Notably,

two historical drill holes: PIN09-15, which encountered 11.43 g/t Au over 3 m (197.0 m to 200.0 m), and MEX12-

013, which recorded 0.05% Cu and 0.18 g/t Au over 62.3 m (13.73 m to 76.0 m) are located on the periphery of

the Canyon South target and on the opposite sides o f the open 2 km -wide IP chargeability anomaly . Such an

occurrence of gold ± copper could be related to the outer regions of a porphyry system. A new IP survey is

proposed to expand the coverage of the historical IP to define the full extent of the chargeability anomaly in

preparation for drill testing.

Amarc is planning the next phase of the JOY Project exploration to include core drill testing of drill-ready targets,

undertaken concurrently with low-cost surface exploration work to efficient ly bring the latter new exploration

targets up to a drill-ready status.



























321

37

37

16

97

97

37a

16

Kemess SouthKemess South

BellBell

Mt. MilliganMt. Milligan

Red ChrisRed Chris

KSM

Brucejack

KSM

Brucejack

HuckleberryHuckleberry

EndakoEndako

CirqueCirque

AleyAley

Kemess UG/EastKemess UG/East

JOYJOY

DUKEDUKE

Trutch

Dease Lake

Iskut

Stewart

Terrace

Kitimat

Prince Rupert

Smithers

Granisle

Houston

Takla Landing

Grand Rapids

Fort St. James

Mackenzie

Prince George

Vanderhoof

Trutch

Dease Lake

Iskut

Stewart

Terrace

Kitimat

Prince Rupert

Smithers

Granisle

Houston

Takla Landing

Grand Rapids

Fort St. James

Mackenzie

Prince George

Vanderhoof

JOY District – North-Central BC Location and Infrastructure



150 Kilometres

Legend



JOY Project

Towns

Ports

Highways

Kemess Access Road,

Gravel Roads

Railway

BC Hydro

Transmission Line

Mine, Development

Project

Park



2

JOY District – Property Captures 464 Km2 Northern Extension of

Kemess Porphyry District

10 Kilometres

621

KT (Mined

)

8.7 g/t Au,

183 g/t Ag

218 MT (Mined

)

0.21% Cu, 0.63 g/t Au

113 MT (Ind

)

0.38% Cu, 0.46 g/t Au

January 2018:

Centerra

Gold

purchases

AuRico

Metals the

Kemess

Project

owner for

$310 million

Kemess

East

Kemess

Underground

Kemess

South Mine

Nugget

PINE

Brenda

Shasta

Baker

Lawyers

Sturdee

Air Strip

Kemess

Air Strip

246 MT (Ind

)

0.22% Cu, 0.42 g/t

Au

10

7

MT

(Pro

b

)

0.27%

Cu,

0.54

g/t Au

MEX

JOY District – Property Captures 482 Km2 Northern

Extension of Kemess Porphyry District



10 Kilometres

Legend

JOY Project

Third Party Claim

Gold-Copper

Porphyry Deposit

Kemess South Mine

Gold-Silver

Epithermal Deposit

Gravel Road

600

700

800

900

1000

1100

1200

500

1300

79-2

211 m

79-3

177 m

80-04

98 m

80-05

80-06

102.7 m

80-07

99 m

80-09

92 m

80-11

92-38

199 m

92-39

202 m

92-40

200 m

93-41

349 m

93-42

184 m

93-43

209 m

93-44

150 m

93-45

166 m

93-46

168 m

93-47

153 m

97-01

91 m

97-02

160 m

97-03

170 m

97-04

97-05

145.7 m

97-08

307 m

97-09

187 m

97-12

335 m

98-1

120 m

98-2

246 m

98-3

116 m

98-4

292 m

98-5

147 m

99-1

232 m

99-3

244 m

09-02

414 m

359 m

09-03

PINE Deposit – Long Section A-A’ Looking Northwest Shows

Extensive, Continuous and Open-Ended Au-Cu Mineralization

A A’Au and Cu Grade Distribution

200 Metres

Cu %

Reference Lines

Cu %

0.10

Au g/t

0.10

Au g/t

Legend

4

JOY District – Phased Program Planned to Drill

Gold-Copper Targets Hosted in Eight Areas

5 Kilometres

PINE

FINLAY

NORTH

CENTRAL

TAKLA

SW TAKLA

MEX

CLUSTER

CANYON

SOUTH

TWINS

JOY District – Phased Program Planned to Drill

Gold-Copper Targets Hosted in Seven Areas



5 Kilometres

Legend

Drill Target Areas

Historical and Amarc

Diamond Drill Hole

Proposed Diamond

Drill Hole

JOY Project

Long Section A A’

A

A’

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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 create value from its exploration and

development-stage projects.

Amarc is advancing the 100% -owned IKE, DUKE and JOY porphyry copper deposit projects located in different,

prolific porphyry districts in southern, central and northern BC, respectively. Each of the three projects is located

in proximity to industrial infrastructure – including power, highways and rail. These projects represent significant

potential for the discovery of multiple and important -scale, porphyry gold -copper and copper -molybdenum

deposits.

Amarc is associated with HDI, a diversified, global mining company with a 30 -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, Casino, Sisson, Maggie and IKE. From its head office in Vancouver, Canada,

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

Amarc works closely with local governments, indigenous groups and other project stakeholders in order to

advance its mineral properties responsibly, and to do so in a manner th at contributes to sustainable community

and economic development. Amarc senior management and project teams seek early and meaningful

engagement with local landowners, First Nations and other land interests to ensure its mineral exploration and

development activities are well-coordinated and broadly supported, to address local priorities and concerns, and

to optimize opportunities for collaboration and local benefit. In particular, the Company seeks to establish

mutually beneficial partnerships with indigenous groups within whose traditional territories its projects are

located – including through the provision of jobs, training programs, contract opportunities, capacity funding

agreements and sponsorship of community events. All Amarc work programs are carefully planned to achieve

high levels of environmental and social performance.

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 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.

ON BEHALF OF THE BOARD

Dr. Diane Nicolson

President and CEO

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1 Figure notes: Golder Associates, 2017. Technical Report for the Kemess Underground Project and Kemess East Project, BC, AuRico Metals

Ltd., SEDAR. Kemess Underground (reserve NSR cut-off NSR C$15.30/t; resource cut-off NSR C$15/t) and Kemess East Indicated Resources

(cut-off NSR C$17.30/t); South Kemess Past Production (ore milled). Kemess Underground mineral resources include mineral reserves.

BC MINFILE Number: 094E 066, LAWYERS.

2 SRK Consulting (Canada) Inc. 2013. NI 43 -101 Technical Report on the Kemess Underground Project, British Columbia, Canada, AuRico

Metals Ltd., SEDAR.

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 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 assumptions, such statements are not guarantees of future performance and actual results or developments m ay 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 marke t prices, potential environmental issues or

liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuit y 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, explorat ion and

development of properties located within Aboriginal groups as serted 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, 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 projected 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.