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Amarc Resources Ltd.
1020 - 800 W Pender St.
Vancouver BC
Canada V6C 2V6
Tel 604 684 - 6365
Fax 604 684 - 8092
Toll Free 1 800 667 - 2114
AMARC CONDUCTING AGGRESSIVE MULTI-PROPERTY
EXPLORATION IN BRITISH COLUMBIA
November
1, 2004, Vancouver, BC - Ronald W. Thiessen, President and CEO of Amarc
Resources Ltd. (TSX Venture: AHR; OTCBB: AXREF) announces that Amarc is operating
an aggressive grassroots exploration program to explore for new, major gold
and copper-gold deposits in British Columbia. To date, Amarc has acquired
by option and staking 19 separate properties, totaling 2,874 claim units covering
718 km2. Several prospective induced polarization (IP) and soil
geochemical anomalies are drill ready and a diamond drill rig has been mobilized
to commence testing these targets. Currently, five geophysical crews are conducting
induced polarization (IP) and magnetic surveys to define additional drill
targets and a second drill rig is planned for early November. Additional property
acquisitions are expected in the months ahead.
C.M. Rebagliati, P.Eng., a qualified person, is supervising the Amarc programs.
For further details on Amarc Resources Ltd., please visit the Company's
website at www.amarcresources.com or contact Investor Services at (604) 684-6365
or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Ronald W. Thiessen
Ronald W. Thiessen
President and CEO
No regulatory authority has approved or disapproved the information contained
in this news release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or developments
that the Company expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, availability of capital and
financing, and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performance
and that actual results or developments may differ materially from those projected
in the forward-looking statements. For more information on the Company, Investors
should review the Company's annual Form 20-F filing with the United States
Securities Commission.