Canarc Appoints VP Exploration
NEWS RELEASE
Canarc Appoints VP Exploration
Vancouver, Canada –January 11, 2018 – Canarc Resource Corp. (TSX: CCM, OTC -BB: CRCUF,
Frankfurt: CAN), announces the appointment of Jacob Margolis , PhD as the Company’s Vice
President Exploration, effective January 1, 2018.
Jacob Margolis, PhD has 28 years of professional experience in gold exploration in the western
U.S. and in British Columbia.
He has extensive experience in a variety of gold‐silver deposit settings, including epithermal
volcanic‐hosted, sediment‐hosted Carlin‐type and porphyry gold‐copper systems in the Great
Basin and elsewhere. He is experienced in exploration methods, including geophysics, remote
sensing, geochemistry, geologic mapping and sampling, structural analysis, geographic
information systems, 3D modeling, al teration mapping and drilling , and he has suc cessfully
evaluated, developed and managed many exploration projects in Nevada.
Mr. Margolis has held positions in senior exploration management with major mining companies
as well as with the junior sector , including e xploration manager at open‐pit and underground
gold mining operations in Nevada and exploration manager and vice president directing regional
generative exploration programs.
Catalin Chiloflischi, CEO of Canarc Resource Corp stated: “I am excited to have someone of Jacob
Margolis’s experience and caliber become Canarc’s Vice President Exploration. His extensive
knowledge and experience in Nevada and Canada provides Canarc the skills and leadership it
needs to effectively advance it’s Nevada and BC property portfolio and contribute to our
continued portfolio growth strategy.”
Mr. Margolis will be primarily in charge with the exploration and strategic partnerships on our
Nevada projects as well as contribute to our overall growth strategy.
Catalin Chiloflischi
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.
CANARC RESOURCE CORP .
301-700 West Pender Street
Vancouver, BC V6C 1G8
T: 604.685.9700
F: 604.6685 -9744
TF: 1.877.684.9700
www.canarc.net
CCM: TSX
CRCUF: OTCQX
About Canarc Resource Corp. - Canarc is a growth -oriented, gold exploration and mining
Company listed on the TSX (CCM) and the OTC -BB (CRCUF). The Company is currently focused on
acquiring operating or pre -production stage gold -silver-copper mines or properties in the
Americas and further advancing its gold properties in Nevada and BC.
For More Information - Please contact:
Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700 Tel: (604) 685-9700 Fax: (604) 685-9744
Email: [email protected] Website: www.canarc.net
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward -looking statements” w ithin the meaning of the United States private securities litigation
reform act of 1995 and “forward -looking information” within the meaning of applicable Canadian securities legislation.
Statements contained in this news release that are not historic facts are forward -looking information that involves known and
unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with
respect to the planned completion of the Acquisition, potential stra tegic M&A transactions being contemplated by Canarc, the
future performance of Canarc, and the Company's plans and exploration programs for its mineral properties, including the timi ng
of such plans and programs. In certain cases, forward -looking statements can be identified by the use of words such as "plans",
"has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates",
"forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be
achieved".
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward -looking statements. Such risks and other factors include, among others, the
Company’s ongoing due diligence review in relation to the Acquisition, risks related to the uncertainties inherent in the est imation
of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the
Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inher ent in
mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to
operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental
approvals; go vernment regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance
coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors
that could affect the Company and may cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended. There ca n be no assurance that forward -looking statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward -
looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update
or alter any forward-looking statements except as required under applicable securities laws.