Canarc Appoints VP Exploration
Canarc Appoints VP Exploration
Vancouver, Canada -June 23, 2020 – Canarc Resource Corp. (TSX: CCM, OTC-QB: CRCUF,
Frankfurt: CAN) announces the appointment of Mr. Troy Gill, MAIG., to the position of Vice
President, Exploration, effective immediately. Mr. Gill is a geologist with extensive
exploration experience and a successful track record of discoveries, including 15 years with
Rio Tinto where he twice received the Rio Tinto Discovery Award.
Scott Eldridge, Canarc’s CEO stated: “It is a pleasure to welcome Mr. Gill to our Canarc
management team. We look forwa rd to working with Troy to create value for shareholders
through both our exploration and acquisition strategies. Canarc plans to carry out two drill
programs on our projects in Nunavut and British Columbia over the next three months . We
thank outgoing VP Exploration Dr. Jacob Margolis for his contributions and wish him all the
best.”
Mr. Gill graduated with a B .Sc. degree in Geology from the University of Wollongong, NSW,
Australia in 1993. He has 27 years of mining and mineral exploration experience, more than
half with Rio Tinto , searching for a wide range of commodities in a variety of geological
settings, including gold, copper, nickel, diamonds, coal and iron ore.
His greatest exploration success came with the grassroots discovery of the Caliwingina
Channel Iron Deposit in the Pilbara region of Western Australia, that grew to become a
resource of nearly one billion tonnes of iron ore. After leaving Rio Tinto, Troy has enjoyed
success as Exploration Manager with Sanatana Resources Inc. discovering the
diamondiferous Dharma kimberlite in the Sahtu region, NWT, Canada.
As a Member of the Australian Institute of Geoscientists, Troy meets the requirements of and
will act as Canarc’s Qualified Person as defined by National Instrument 43-101.
"Scott Eldridge”
____________________
Scott Eldridge, Chief Executive Officer
CANARC RESOURCE CORP.
About Canarc - Canarc Resource Corp. is a growth -oriented gold exploration company
focused on generating superior shareholder returns by discovering, exploring and
developing strategic gold deposits in North America. The Company is currently advancing
two core assets, e ach with substantial gold resources, and has initiated a high impact
CANARC RESOURCE CORP.
810-625 Howe Street
Vancouver, BC V6C 2T6
T: 604.685.9700
F: 604.6685 -9744
www. canarc.net
CCM: TSX
CRCUF: OTCQ B
exploration strategy to acquire and explore new properties that have district -scale gold
discovery potential. Canarc shares trade on the TSX: CCM and the OTCQB: CRCUF.
For More Information - Please contact:
Scott Eldridge, CEO
Toll Free: 1-877-684-9700 Tel: (604) 685-9700 Cell: (604) 722-5381
Email: [email protected] Website: www.canarc.net
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within 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 future
performance of Canarc, and the Company's plans and exploration programs for its mineral properties,
including the timing 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 estimation 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 inherent 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; government 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 can 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.