Canagold Resources Ltd. (CRCUF)

[Mason07]

It all depends on when you get in. Get in @ .06 or lower and you will make good money on a trade above .10 GLTY

[uudaman]

Don't do it....they have disappointed at every turn. They do not deliver!

[Mason07]

i think its a good investment, i have a limit order in for 50,000 shrs. I like the nevada project

[J_Dean]

You all think CRCUF is still a good investment, or is it a dead duck??? Do we still have tremendous potential here or no?

[jmat1]

From my email box this morning.


Canarc Completes Detailed Data Review of Fondaway Canyon Project, Develops New Structural Model for Gold Mineralization, Commences Ground Magnetic Survey and Drill Permitting in Nevada

Vancouver, Canada – July 5, 2017 – Canarc Resource Corp. (“Company”) (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has completed a detailed data review of the recently acquired, wholly owned Fondaway Canyon gold project in Nevada and has developed a new structural model for gold mineralization on the property. A Phase 1 exploration program is now underway including a ground magnetic survey and permitting for an 8-10 holes diamond drill program.

New Structural Model

Re-analysis of the historic data together with on-going field mapping and sampling by Canarc's recently-hired Exploration Manager have resulted in the development of a new structural model that ties gold-mineralized zones to one main shear system structure and related dilational splays over a 3.5 kilometer (km) strike and up to 800 meter (m) width on the property.

The new model also highlights multiple areas with potential to expand the current gold resources by step out drilling along strike or down dip of the known gold zones, see diagram below.

Fondaway Canyon District Structural Model

High-grade gold mineralization (> 3 g/t) occurs within multiple, steep "shear veins" along the district-scale east-west shear zone and also within the linking northeast-trending structures in the dilation zone. Gold occurs with elevated arsenic (arsenopyrite) and antimony (stibnite); silver, copper, lead and zinc contents are extremely low. Late-stage, extensional quartz veins occur within the shear veins and as isolated northeast-trending veins within the dilation zone. Host rocks are Mesozoic carbonaceous siltstones and shales, locally calcareous, and locally hosting lower-grade disseminated mineralization lacking veins. A swarm of mafic dikes occurs along the trend. The mineral system as a whole appears to be transitional between classic shallow epithermal and deeper mesothermal vein environments.

Gold mineralization is enhanced at the intersection between east-west shear veins and northeast extensional veins, especially in the corners of the dilation zone. A good example is historic drill hole TF-114 in the Colorado area, which intersected 7.41 grams per tonne (gpt) gold over 48.8 m including 15.2 m grading 17.61 gpt about 125 m below surface.

In other areas, such as Pack Rat and South Pit, little exploration has been conducted to follow up on gold mineralization intersected over broad widths in shallow historic drilling (e.g. hole TF-250 returned 38.1 m grading 2.80 g/t Au including 12.2 m grading 5.45 g/t about 50 m below surface). Mineralization in all areas remains open at depth.

Significant gold mineralization remains to be explored in many areas, such as the 300 m wide shear-vein swarm at South Mouth, where Tenneco mined to a 35 m depth in 1989. Two historic drill holes under alluvial cover west of the range-front fault at the Pediment zone both intersected gold mineralization, clearly indicating that the main shear hosted gold mineralization at Fondaway is wide open to the west.

Exploration Program Underway

A ground magnetic survey, consisting of 179 line kilometers with 50 m line spacing, is now underway to assist in mapping structures and delineating mafic dikes, which are an important component to the structural system. The results of the magnetic survey along with on-going field mapping and sampling will be integrated into the property database to help refine specific drill targets.

An exploration notice has been submitted to the U.S. Bureau of Land Management. The notice includes up to 10 preliminary drill sites as well as access road construction as needed. The drilling program is scheduled to begin in September 2017. Further details of the drill targets will be released at that time.

In May 2017, Canarc completed an NI 43-101 report updating the mineral resources for the Fondaway Canyon project. The updated resource estimate identified indicated resources of 2,050,000 tonnes grading 6.18 gpt gold for 409,000 contained ounces (oz) and inferred resources of 3,200,000tonnes grading 6.40 gpt gold for 660,000 contained oz.

Canarc’s main exploration objectives at the Fondaway Canyon gold project in 2017 are to expand the shallow gold resources amenable to open pit mining and refine the metallurgical recoveries to produce high-grade flotation concentrates.

FG Project Terminated

In order to focus on existing wholly owned projects, the Company has terminated its Option agreement with Eureka Resources to acquire an interest in their FG Gold project in BC.

Qualified Person:

Dr. Jacob Margolis is a qualified person, as defined by National Instrument 43-101, and has approved the technical information in this news release. Dr. Margolis is engaged as a consultant to Canarc Resource Corp.

[jmat1]

They're all drawing salaries on the money that's been earned from the Mexico sale to EXK. No big incentive to roll up sleeves and become miners.

Oh, and Brad has lost tons of credibility hanging with these bums also.

[wshaw14]

"Brad needs to clean out the top and find some fellows that are hungry" He might do that if he was hungry.

[jmat1]

Mexico?

Have they ever put shovel to dirt anywhere?

Brad needs to clean out the top and find some fellows that are hungry.

jmat

[wshaw14]

"I think they would be in great position to buy property in Mexico and develop a mine with costs denominated in Peso." Sounds like a long circle to where they were before they sold the El Compas and bought that junk property. Of course this is only MHO.

[quicksilver459]

Hi all. So what's new with Canarc these days? Will it ever get on the map already and get the respect of Wall Street? Or is Canarc a dead stock forever?

[uudaman]

Here comes the slow fade back to five cents.

[TedDibiase1]

I did feel that that the interviewer wanted the mic back also haha.

We all know it takes a lot of $$$ to bring a mine into production. You can go to the bank for a loan but you'll get pummelled by the terms. If Canarc can prove up FG property and /or AIM properties, sell them and receive the type of return they received for El Compas, then I think they would be in great position to buy property in Mexico and develop a mine with costs denominated in Peso.

It seems to me like this is the plan. Rather than get buried under a mountain of debt with a loan from the bank, what other choice does a junior explorer have? They flipped El Compas for a 500% return in 9 months. Let's see what they can get for FG and Fondaway Canyon.

[stockplummet]

Thanks for the link. It felt as though the interviewer wanted his mic back for a bit there.It sounds as though project flipping is all that's really on the table. I would like for Canarc to start mining, like the rest of us who've been waiting years and I would imagine anyone investing in this stock today. If they bought these properties to do that (mine), fantastic. It just doesn't seem to be on their radar though.

[TedDibiase1]

Weekend listening pleasure...

[jmat1]

Canarc Closes Acquisition of Nevada Gold Assets

Vancouver, Canada – March 21, 2017 – Canarc Resource Corp. (“Company or Canarc”) (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has executed and closed a definitive agreement (the “Agreement”) with American Innovative Minerals LLC. (“AIM”), whereby Canarc acquired through its wholly owned Nevada based subsidiary called “AIM US Holdings” 100% of AIM’s outstanding securities for a total purchase price of US$2 million that has been paid at closing.

Canarc now owns 10 gold exploration properties, two of which have previously estimated historic gold resources, in Nevada, one gold project in Idaho, two royalty interests on other properties as well as data on 500 Nevada exploration properties and an additional 100 exploration properties in Montana and the western USA.

Future Plans

Canarc has already commissioned an updated NI 43-101 resource report on the main asset in the portfolio, the Fondaway Canyon gold project. The updated resource report is targeted for completion in April 2017.

Fondaway Canyon has historical Indicated resources of 409,000 ounces of gold at an average grade of 6.18 g/t gold within 2,050,000 tonnes and Inferred resources of 660,000 ounces of gold at an average grade of 6.4 g/t gold within 3,200,000 tonnes, using a cut-off grade of 3.43 g/t gold. These resources are historical estimates and a qualified person for Canarc has not done sufficient work to reclassify them as a current mineral resource. As a result the historical estimate is not being treated as a current mineral resource. Details of the historical gold resource can be found in the December 20, 2016 news release issued by Aorere Resources a New Zealand Exchange listed company.

Canarc is also planning to retain an experienced Nevada focused geologist in order to complete an in depth review of all projects and prioritize exploration targets for drilling. Management’s review of Fondaway Canyon recognized significant potential to verify the historic resources and expand them along strike and at depth.

Current Cash

Following the closing of the AIM acquisition Canarc’s cash position remains robust holding approximately C$8 million cash and equivalents.

[jmat1]

Good find!

[TedDibiase1]

Doing a little research and apparently there was competition for recently acquired Nevada properties. The Fondaway project seems to have been coveted.

https://www.nzx.com/companies/AOR/announcements/297799

[wshaw14]

http://www.aim4discovery.com/ Carnac may actually be able to scavenge something out of this deal. A little better than that last junk property purchase. There is a lot of junk here also, but a couple of possibles.

[shotgun]

let's hope they make a go of it.

[jmat1]

"producing gold at a profit is another."

Indeed, but a company needs to start with prospective properties, so I guess this would be a start.

[shotgun]

acquiring is one thing but producing gold at a profit is another.

[jmat1]

Acquisition - Any Comments?

Canarc to Acquire Portfolio of Nevada Gold Assets with Historic Gold Resources and Significant Exploration Potential
Canarc Resource Corp. <[e-mail]>
To Jerry Matson
Today at 5:21 AM
Canarc Resource Corp.
Canarc to Acquire Portfolio of Nevada Gold Assets with Historic Gold Resources and Significant Exploration Potential

Vancouver, Canada – March 2, 2017 – Canarc Resource Corp. (“Company or Canarc”) (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has executed a binding letter of agreement (the “Agreement”) with American Innovative Minerals LLC. (“AIM”), a private company that owns 10 gold properties in Nevada, one gold project in Idaho, two royalty interests on other properties as well as data on 500 Nevada exploration properties and an additional 100 exploration properties in Montana and the western USA, whereby Canarc will acquire 100% of AIM for a total purchase price of USD$2 million.

A conference call to discuss this acquisition will be held on Thursday, March 2, 2017 at 10:00 AM PST (1.00 EST). To participate in the conference call, please dial the following:

Vancouver: [phone]
Toronto/International: [phone]
Canada/USA Bilingual TF: 1-800-319-7310
Callers should dial in 5 – 10 min prior to the scheduled start time and simply ask to join the Canarc call.
Conference Call Passcode When prompted, please enter: 35755

The Agreement
Under the terms of the Agreement, Canarc will pay a total of US$2 million cash for 100% of AIM’s outstanding securities, or alternatively, at Canarc’s election, a 100% direct interest in AIM’s assets (the “Acquisition”). Canarc paid AIM a deposit of US$200,000 on signing of the Agreement, which will be credited against the purchase price on closing of the Acquisition. The closing of the Acquisition is estimated to be completed on or before March 31, 2017.

Mr. Catalin Chiloflischi, CEO of Canarc, stated: “The acquisition of this attractive portfolio of gold exploration properties in Nevada with historic gold resources and significant exploration potential at a low acquisition cost substantially enhances Canarc’s potential for new discoveries and resource expansions in the prolific and mining friendly jurisdiction of Nevada.”

Properties

Two of the properties, Fondaway Canyon and Dixie Comstock, contain historic gold resource estimates.

Fondaway Canyon is an advanced stage gold property located in the Churchill County, Nevada. The land package contains 136 unpatented lode claims. The property has a history of previous surface exploration and mining in the late 1980’s and early 1990’s.

Historic exploration at the Fondaway Canyon property established an indicated resources of 409,000 ounces of gold at an average grade of 6.18 g/t gold and Inferred resources of 660,000 ounces of gold at an average grade of 6.4 g/t gold, using a cut-off grade of 3.43 g/t gold.

This resource is an historic estimate and a qualified person for Canarc has not done sufficient work to classify the historic estimate as a current mineral resource. As a result the historic estimate is not being treated as a current mineral resource. Details of the historic gold resource can be found in the December 20, 2016 news release issued by Aorere Resources a New Zealand Exchange listed company.

The Fondaway Canyon mineralization is contained in a series of 12 steeply dipping en-echelon quartz- sulphide shears outcropping at surface and extending laterally over 1200m, with drill-proven depth extensions to > 400m.

Additional exploration targets include near-surface oxide gold along favorable structural and host rock targets and deeper extensions of the sulphide zones.

Dixie Comstock, also located in the Churchill County, Nevada, consists of 26 unpatented lode claims. It also has evidence of some historic mining but no records of production are available.

A historic 1991 geologic and mining study completed by Mine Development Associates of Reno, Nevada, in March 1991 estimated a historic mineable open pit deposit containing 102,000 ounces of gold from 980,000 tonnes grading 3.24 g/t Au at a cut-off grade of 0.34 g/t Au.

This resource is a historic estimate and a qualified person for Canarc has not done sufficient work to classify the historic estimate as a current mineral resource. As a result the historic estimate is not being treated as a current mineral resource.

Clear Trunk property is located in Pershing and Humboldt Counties, Nevada on 4500 acres of fee mineral and unpatented claims in the Sonoma Range, south of Winnemucca.

The property contains a small discovery of a sediment-hosted disseminated gold deposit from 40 drill holes. Intercepts included: Hole CLO4-5 = 26m at 0.38 g/t Au and 81m at 0.45g/t Au, Hole CLO4 -16 = 119m at 0.34 g/t Au, Hole CLO4-19 = 29m at 1.06 g/t Au and 11m at 1.13 g/t Au.

Identified exploration target include breccia pipes and quartz stockwork with untested gold anomalies and untested soil gold anomaly overlying intrusive host rock.

Bull Run property is located in Elko County, Nevada on two large patented claim groups of 500 acres near Jerritt Canyon.

Historic mining at the Bull Run mine developed 1 to 2 m wide quartz veins with 17 g/t Au before it closed in 1901.

A large quartz silver-gold vein system has been identified over a mile in length, 12 m wide, with silver grades from surface samples up to 685 g/t and up to 5.1 g/t gold.

Future exploration work has the potential for new gold and silver bonanza-grade discoveries.

Hot Springs Point property is located in Eureka County, Nevada on 160 acres of fee land on north end of the prolific Cortez Trend. Klondex Mining claims surround the project on three sides.

The property contains mafic dikes and sills with gold up to 3.4 g/t. Three shallow holes at north end of the property intercepted up to 1 g/t Au.

Jarbidge property is located in Elko County, Nevada on 8 patented claims along the east end of major gold veins in the Jarbidge mining district.

Veins that have historically produced over 400,000 ounces of gold strike directly onto the property and gold soil anomalies identified on the property need to be drill tested.

Lightning Tree property is located in Lemhi County, Idaho on 11 unpatented claims near the 300,000 oz gold Musgrove deposit.

The property has 3 quartz-adularia-gold veins that are 2 to 6 m wide and over 1200 m long hosted in Precambrian siltstone and rhyolite with historic surface samples up to 21 g/t Au.

Silver King property is located in Humboldt County, Nevada on 4 patented claims near Golconda Summit.

Historic samples have been collected from jasperoid veins with Silver values up to 480 g/t.

Previous exploration focused on low grade gold values but the property was never been explored for silver.

A&T property is located in Humboldt Co., Nevada on 2 patented claims on Winnemucca Mountain.

The property contains two veins and a quartz breccia in altered shale adjacent to intrusive dikes. Gold values grading up to 8.6 g/t have been collected in historic surface sampling of quartz veins.

Eimis property is located in Elko County, Nevada on one 20 acre patented claim adjacent to a new Coleman Canyon gold discovery by Arnevut Resources. Gold anomalies extend onto Eimis property.

Silver Peak property is located in Esmeralda County, Nevada on 2 patented (40 acre) mining claims. The property is surrounded by Scorpio Gold claim block at the currently operating Mineral Ridge mine.

Historic surface sampling has yielded 1-5 g/t gold from 1.5 to 9 m wide east-dipping shear zone in metamorphic rocks, similar to Mineral Ridge.

Qualified Person

Garry Biles, P. Eng, President & COO for Canarc Resource Corp, is the Qualified Person (as defined in NI 43-101) who reviewed and approved the contents of this news release.

Catalin Chiloflischi”
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.

About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining Company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on acquiring operating or pre-production stage gold-silver-copper mines or properties in the Americas and further advancing its gold properties in north and central BC.

For More Information - Please contact:

Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700 Tel: [phone] Fax: [phone]
Email: [e-mail] 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 planned completion of the Acquisition, potential strategic M&A transactions being contemplated by Canarc, 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.

Canarc Resource Corp.
Suite 301-700
West Pender Street
Vancouver, B.C., Canada, V6C 1G8
Email: [e-mail]

[shotgun]

get on EGI ......EGI has been zooming lately..it has really been a great ride..so far

[jmat1]

The biggest problem is these guys ain't miners.

If they are then let 'em prove it.

[wshaw14]

"approval of the Toronto Stock Exchange" does not even equate to a buy back. They may or may not actually buy back any shares. I have seen this head fake many times.

[jmat1]

"We have Brad."

The reason I got in. So far Brad has lost lots of credibility.

I'm starting to question EXK at this point.

[uudaman]

The shares that I'm stuck with remind me daily. Still trying to unwind the 750k shares I had. When you feel all hope is lost, remember one thing.....................We have Brad.

[jmat1]

"This company is becoming the laughing stock in the mining business."

Oh, is that the business they're in? I almost forgot.

[uudaman]

Of course they're buying shares back.....no one else wants them. Of course this is to benefit shareholders! We need to hear of something with more meat on the bone. This company is becoming the laughing stock in the mining business. Oh wait, we have Brad.

[jmat1]

Any comments on this?

BUY BACK

CANARC ANNOUNCES NORMAL COURSE ISSUER BID

Vancouver, Canada – February 6, 2017 – Canarc Resource Corp. (the “Company”) (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has received the approval of the Toronto Stock Exchange (the “TSX”) to make a normal course issuer bid (the “Bid”) to acquire up to 10,859,479 common shares (the “Common Shares”) of the Company, or approximately 5% of the 217,189,597 Common Shares issued and outstanding, through the facilities of the TSX.

The Company’s board of directors and management team believe that the Bid is an appropriate use of the Company’s available funds to return capital to shareholders when the market price of the Common Shares does not fully reflect their underlying value. Any Common Shares purchased under the Bid will increase the proportionate equity interest of, and is intended to be advantageous to, all remaining shareholders.

Purchases under the Bid may commence on February 8, 2017 and will terminate on February 7, 2018, or on such earlier date as the Bid is complete. The actual number of Common Shares purchased under the Bid and the timing of any such purchases will be at the Company’s discretion. Purchases of Common Shares will be made through the facilities of the TSX and on alternative Canadian markets, in accordance with the TSX rules. Subject to the TSX’s block purchase exception, on any trading day, purchases under the Bid will not exceed 86,128 Common Shares, such amount representing 25% of the average daily trading volume of the Common Shares of 344,515 for the six calendar months prior to the start of the Bid. The Company will pay the prevailing market price at the time of purchase for all Common Shares purchased under the bid, and all Common Shares purchased by the Company will be cancelled. The Company has not purchased any of its Common Shares in the 12 calendar months prior to the start of the Bid.

[uudaman]

[e-mail]

[jmat1]

I did not. Email contacts seem to have been removed from the website.

Doesn't matter as the PR was released yesterday. I was surprised as I wasn't expecting anything.

Any takes on the PR?

I don't think there was much to get excited about.

[quicksilver459]

Can somebody please breakdown the recent PR? Is this company on the track to success or failure? Thanks.

[uudaman]

JMAT, I take it you received no reply?

[jmat1]

I just emailed the previous PR.

Let's see if they respond.

[jmat1]

From the company PR dated November 14, 2016.

"With the drill season in central BC now closed for winter, management intends to release its 2017 exploration program and budget for the FG project in January for a late sprig start-up."(/b)

Does the company intend on releasing the 2017 program and budget this month as stated?

Thank you,

Jerry Matson (Investor)

[jmat1]

"Is Canarc still a good investment?"

Canarc is a gamble.

"Could the stock price go even lower than it is now (.06)?"

Yes.

[wshaw14]

I have not seen any news since the last release about that garbage property they bought.

[silvereagle123]

Anybody have any updates, news, etc.? This board went dead just like the stock! Lol. What's been going on?

Is Canarc still a good investment?
Could the stock price go even lower than it is now (.06)?

Thanks

[jmat1]

I'm hoping beyond hope to see $0.10 again and will bail then if not before.

There are real mines and miners out there to invest in. Little did I know.

Is Brad a hustler?

jmat

[uudaman]

It appears that there is zero interest in Canarc. Years of false promises and the hiring of buddies to drain the coffers will do it. I had such high hopes with... well you know....Brad this, Brad that. Thanks to Gain for moderation of this board.

[jmat1]

"Management is totally a joke."

The EXK money most likely being siphoned off to wages for the jerks.

We're the losers here.

Looking to sell for other opportunities.

[uudaman]

Makes you wonder how they have in business for over 20 years and haven't mined ONE ounce! Management is totally a joke.

[jmat1]

I'm starting to wonder if these guys are really miners.

[Gaintrader]

IP Geophysical Survey Identifies Four Exploration Targets at
Canarc’s Windfall Hills Property in Central BC

https://www.sec.gov/Archives/edgar/data/868822/000113717116000388/newsrelease.htm

Vancouver, Canada – November 28, 2016 – Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that a Volterra 3D Induced Polarization ( 3DIP ) survey recently completed at its Windfall Hills property in central BC was successful in identifying four geophysical anomalies, each with the potential to host epithermal gold mineralization. The Windfall Hills gold property is located 65 kilometers (km) south of Burns Lake and 90 km northwest of New Gold’s 10 million oz Blackwater-Davidson gold discovery.

The four geophysical anomalies cover areas of coincidental high resistivity and chargeability. One of the anomalies is adjacent to two diamond drill holes completed on the property in 2014 that intersected a broad zone of epithermal gold-silver mineralization, including a 28 m core length intercept grading 1.54 grams per tonne (gpt) gold equivalent (AuEq) (0.89 g/t Au & 39 g/t Ag) in hole WH-14-03 (silver:gold ratio 60:1). These two holes only tested the edge of the geophysical anomaly identified at this location.

Canarc is very encouraged by these positive geophysical results, not only because they define a much larger target area adjacent to the previously drilled mineralization but also because they outline three other high priority anomalies for future drilling. Management will now develop plans and permits for a Phase 2 drill program at Windfall Hill for next summer.

The 3DIP survey conducted by SJ Geophysics of Delta, BC in September 2016 covered an area of 3.8 km2, about 10% of the Windfall Hills property, was surveyed at 100 m intervals on 200 m spaced line to a depth of 350 meters below surface. A smaller infill grid at 50 m intervals on 100 m spaced lines was completed for greater detail in one area that showed strong conductivity and resistivity responses. The field data were inverted utilizing the UBC-GIF inversion method to develop the models for the resistivity and chargeability properties of this survey.

The main exploration targets on the property are low sulphidation epithermal, disseminated and stockwork gold-silver deposits associated with Tertiary rhyolite volcanic centers, similar to the nearby Blackwater-Davidson gold discovery. These deposits are characterized by pervasive, multiple phases of silica, pyrite and argillic alteration.

Gold mineralization is associated with quartz stock-works and alteration zones of silica, pyrite, K-feldspar, sericite and clay. Anomalous gold, silver, and arsenic values appear to be associated with areas of more intense multi-stage silicification and brecciation.

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


Catalin Chiloflischi”
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.

About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining Company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on acquiring operating or pre-production stage gold-silver-copper mines or properties in the Americas and further advancing its gold properties in north and central BC.

For More Information - Please contact: ?

Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700?Tel: [phone]?Fax: [phone]?
Email: [e-mail] ?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 historical 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, 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.

[shotgun]

100k is enough to have in these penny poo poo's..it is just a gamble but do not go too deep because the gamble may be loss instead of gain. You can always add if the story gets better...GLTU

[silvereagle123]

I feel sorry for lots of you here. Putting all your trust into Canarc only to be CONSTANTLY disappointed! I am (was) in the same boat. Anyways, because of that, I would like to offer you all a real play. Instead of wasting time with this turd, check out SGSVF (Sabina Gold & Silver). Awesome speculative play! It's actually a real play and not "spec". But I say that because they had an issue this summer about getting rejected for approval to mine. But that should come to an end real soon, by end of year. And the consensus is, they will get the green light. If so, should be an easy double in stock value from here! It's a HIGH GRADE gold play. They presently have $38 million in cash. Trading at under .80 right now. Not hyping, just helping. Can't hurt to check it out and do your own DD.

(JMHO)

[marcelh]

i am out too, wait think maybe we will go down to ,04-0,05 again... canarc has a lot of cash - so at this price it will be really cheap...

[wshaw14]

I dumped my shares immediately upon reading about their acquisition of the FG property. I do not understand why anybody would expend any effort on such a sub-par property. Horrible grades. I am still watching in case they pull a rabbit out of the hat.

[silvereagle123]

Yup! I feel you. I did the same thing months ago. Had half what you have/had. But I instead dumped it all. Moved on to proven companies.