Amarc Resources Ltd. announced that new option agreements have been negotiated with respect to the Galore Property with Galore Resources Inc. and Underlying Owners. Under the new agreements Amarc can acquire a 100% interest
in the Galore Property, clear of any royalties, by completing staged cash payments of $550,000 to Galore and $100,000 to the Underlying Owners by January 2018. The Galore Property consists of extensive mineral claims surrounding the new IKE porphyry copper-molybdenum-silver discovery, which host additional important-scale copper-gold and copper-molybdenum porphyry deposit targets.

The company announced that Mr. Luqman Khan has been appointed Chief Financial Officer of the Company. A Chartered Professional Accountant (CPA CGA), Mr. Khan has more than 20 years of professional experience in accountancy and business management. For the past decade, he has served in various controllership positions with publicly traded companies associated with Hunter Dickinson Inc.