Amarc Resources Ltd. announce it has launched the 2023 field program at its 100%-owned JOY Copper-Gold District (or "JOY") in north-central British Columbia ("BC"). This extensive airborne and surface exploration program is focused on detailed refinement of multiple porphyry copper-gold ("Cu-Au") deposit targets clustered along mineralized trends over the 482 km2 JOY property, in preparation for an extensive intended drilling program in 2024. The program will also include rehabilitation of road and bridge access to the PINE Cu-Au Deposit in the centre of the JOY tenure and other deposit targets to facilitate the ongoing detailed work and future drilling.

The program is fully funded by Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), with Amarc continuing as operator. This year's program will continue to build on the successes of the systematic 2022 program (15,427 m in 37 core holes and extensive surface surveys) that expanded and further defined the potential of deposit-scale porphyry Cu-Au systems (see Amarc releases January 23, 2023 and March 2, 2023), highlights of which include: The emergence of several mineralized trends, similar to the 4 km-long northeast trend of the Nugget, Kemess North, Kemess Underground, Kemess Offset and Kemess East porphyry Cu-Au deposits in the Kemess Mining District held by Centerra Gold Inc., and located adjacent to the south of the JOY tenure; The northeast striking 15.5 km PINE Trend at JOY, which includes the sulphide systems outlined by Induced Polarization ("IP") surveys at the PINE (6 km2), Canyon (5 km2), Twins (7 km2) and SWT (3 km2) targets and supported by initial drilling results, indicating the potential for clustered porphyry mineralized deposits. The considerable strike extension of mineralization encountered from near surface to depth at the PINE Deposit to over 1,700 m, with outboard, more widely-spaced historical drilling indicating the potential to expand the length of the deposit footprint to over 2,600 m; Drill intercepts at the PINE Deposit include, for example.

204 m of 0.42% CuEQ* (0.18% Cu, 0.41 g/t Au and 2.3 g/t Ag) 105 m of 0.40% CuEQ (0.13% Cu, 0.47 g/t Au and 2.3 g/t Ag). Limited initial scout drilling discovered substantial new porphyry Cu-Au mineralization at the largely overburden covered Canyon (5 km2) deposit target. Drill hole intercepts include, for example: 96 m of 0.51% CuEQ (0.39% Cu, 0.18 g/t Au and 2.6 g/t Ag), within 296 m of 0.39% CuEQ (0.30% Cu, 0.14 g/t Au and 1.7 g/t Ag).

Widely-spaced initial scout drilling of the Twins (7 km2) sulphide system has encountered widespread porphyry Cu-Au mineralization, highlighting the significant exploration potential at Twins for the discovery of another porphyry Cu-Au deposit; and The initial single scout hole drilled into the South Mex (>1.9 km2 and open) deposit target intersected anomalous concentrations of Ag-Au(-Cu) in a geological environment similar to that hosting the Kemess District porphyry Cu-Au deposits, extending the MEX Trend to a strike length over 6 km. The 2023 program commenced in late May with an airborne Magneto-Telluric ("MT") survey, encompassing 140 km2 over the central mineralized trends at JOY as well as outlying emerging high-potential deposit targets. Detailed data has been received and 3D inversions are being completed by a third party.

Ground MT surveys are scheduled to commence this month over prioritized target areas. These will be the first surveys of this kind at JOY, and are designed to complement existing IP ground geophysics survey data that has revealed the presence of large-scale sulphide systems, many of which are under glacial cover. As these results are received and evaluated, they will be integrated with Amarc's other extensive data sets to refine drill targets.

An important part of the field program will be detailed geological mapping of several known and emerging deposit targets, and complemented by a review of the developing porphyry trends across the district by a recognized global expert in the assessment of porphyry Cu districts. Additional soil and rock geochemical and IP surveys will also be completed primarily over emerging deposit targets. Amarc will also be undertaking upgrades to the historical drill road and a bridge along the access to the area of the PINE Deposit, Canyon Cu-Au discovery and the Twins deposit target.

This work is planned to be completed in conjunction with First Nation community enterprises.