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, alteration mapping and drilling, and he has successfully 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 exploration 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