Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has received the Government Land Use Permit for multi-phase exploration on the Hard Cash Gold Property located in southwestern Nunavut, Canada. Nunavut is home to two multi-million ounce gold deposits owned by Agnico Eagle Mines, the operating Meadowbank Mine and the Meliadine Mine currently in construction.

The permit issued by the Crown-Indigenous Relations Division of Northern Affairs Canada allows Canarc to conduct exploration at the Hard Cash property until June 29, 2024. The five-year permit allows Canarc to conduct exploration programs at the site to determine the extent of high-grade gold mineralization that has been discovered in surface sampling.

In November 2018 Canarc entered into an option agreement with Silver Range Resources to acquire a 100% interest in Hard Cash (see news release dated November 29, 2018) and is finalizing details for its initial exploration program at the property to be conducted in July and August of this year.

Qualified Person

Garry Biles, P.Eng, President & COO for Canarc Resource Corp, is the Qualified Person who reviewed and approved the technical contents of this news release.

“Scott Eldridge”