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AHR.V ·

Amarc to Present at the John Tumazos Very Independent Research Llc

Marketing Announcement

AMARC TO PRESENT AT THE JOHN TUMAZOS VERY INDEPENDENT RESEARCH LLC

VIRTUAL CONFERENCE WEDNESDAY JUNE 7, 2023.

June 6, 2023, Vancouver, BC -- Amarc Resources Ltd . (TSXV: AHR; OTCQB: AXREF) (Amarc or the “Company”) is

pleased to announce that it has been invited to present at the John Tumazos Very Independent Research

Conference hosted virtually on June 6 and 7, 2023.

Amarc President & CEO Dr. Diane Nicolson and Ro n Thiessen, Director and CEO of Hunter Dickinson Inc. (“HDI”)

will be presenting on June 7, 2023 at 8:30AM EDT to discuss Amarc’s three high potential copper -gold districts

in British Columbia, Canada.

Investors and members of the financial community are invited to register and attend the live presentation at

https://register.gotowebinar.com/register/6052896603051366489 . Playback will be available at the same link.

Amarc's expansive, 100% -owned copper±gold districts are located in British Columbia. The JOY, DUKE and IKE

districts host four known copper±gold deposits prime for moving toward development, and 10 porph yry

copper-gold deposit targets that are ready for drill discovery.

Active exploration programs were completed in 2022 and continue into 2023 through the Company’s earn-in

agreements with Freeport -McMoran Mineral Properties Canada Inc. (“Freeport”) and B oliden Mineral Canada

Ltd. (“Boliden”).

Freeport at JOY and Boliden at DUKE can earn up to a 70% interest in the districts by funding $110 million and

$90 million of staged earn -in expenditures, respectively.

With potentially $200 million in non -dilutive funding, the investments made through these agreements will

enable considerable advancement of the exploration and development of our projects. In addition, the fully -

funded, ongoing exploration activities at the JOY and DUKE Districts will provide a sig nificant flow of results in

2023.

About JOHN TUMAZOS VERY INDEPENDENT RESEARCH, LLC (JTVIR LLC) is registered as an investment advisor in

the State of NJ. With 30-odd institutional clients in the U.S. and Canada JTVIR LLC provides fundamental research

on commodities markets and common stocks in the metals, fertilizer and forest products sectors. For more

information please visit www.veryindependentresearch.com

About Amarc Resources

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 Cu-Au 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 Cu±Au 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 Cu±Au deposit s. Importantly, each of the three

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

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Amarc is associated with HDI, a diversified, global mining company with a 35-year history of porphyry Cu deposit

discovery and development success. Previous and current HDI projects include some of BC’s and the world’s most

important porphyry deposits – such as Pebble, Mount Milligan, Southern Star, Kemess South, Kemess North,

Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie, IKE, PINE and DUKE. 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 stakeholders in order to advance its mineral

projects responsibly, and in a manner that contributes to sustainable community and economic development. We

pursue early and meaningful engagement to ensure our mineral exploration and develop ment activities are well

coordinated and broadly supported, address local priorities and concerns, and optimize opportunities for

collaboration. In particular, we seek to establish mutually beneficial partnerships with Indigenous groups within

whose traditional territories our projects are located, 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.

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 Co mpany’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 responsibili ty 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 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 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 permit ting 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 an d 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.