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AHR.V ·

Visit Amarc at Three Conferences IN Vancouver This Month

Corporate Updates

VISIT AMARC AT THREE CONFERENCES IN VANCOUVER THIS MONTH

January 18, 2023 – Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX-V: AHR; OTCQB: AXREF) is pleased to

provide details of its executive and technical team’s participation at three conferences in Vancouver, British

Columbia during January 2023.

• On January 23 and January 24, Amarc is exhibiting at 2023 AME Roundup Conference in the Exhibit Hall

at Vancouver Convention Centre East.

o Visit Amarc Corporate Booth - #316, located on the centre aisle.

• On January 27 and January 28 , Amarc is presenting at the Metal Investors Forum in the Star Sapphire

Ballroom and Foyer (Level 3) in the Fairmont Pacific Rim Hotel.

o Visit Amarc Corporate Booth in the Foyer

o Corporate Presentation by Dr. Diane Nicolson, President & CEO

Saturday, January 28, 2023 at 12:20 pm in the Speakers Hall

o Fireside Chat with Robert Dickinson, Executive Chair

Saturday, January 28, 2023 at 1:50 pm with John Kaiser in the Amber Room

• On January 29 and January 30, Amarc will be attending the Vancouver Resource Investment Conference

in the Exhibit Hall at Vancouver Convention Centre West.

o Visit Corporate Booth #300

o Corporate Presentation by Dr. Diane Nicolson, President & CEO

January 29, 2023 11:40 am in Workshop 3

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

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

gold deposit targets that are ready for drill discovery. Active drilling programs have been underway in 2022 and

continue into 2023.

Amarc and Freeport-McMoRan Mineral Properties Canada Inc. (“Freeport”) made considerable progress at the

JOY District (“JOY”), completing a second comprehensive program with a substantial drilling component in 2022.

In November, Amarc and Boliden Mineral Canada Ltd. (“Boliden”) completed an agreement on the DUKE District

(“DUKE”), and initiated drilling at the DUKE Deposit before year end. 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.

Conference delegates are also invited to contact Diane Nicolson, Amarc President & CEO, at (604) 684-6365 or at

[email protected] in advance to organize a time for a meeting and to receive further information.

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 stat ements". 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 sta tements 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 p rojects 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 Aborigi nal

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 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 projected in the forward-looking