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Message #8
From: NewsBot
Date: June 21, 2005 01:02:25 PM

CRCUF News Research Canarc Resource Corp,Stock Trading Message Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 21, 2005) - Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF) announces that exploration work has resumed on the Benzdorp project in Suriname. A US $250,000, 6 month program of line-cutting, soil sampling, airborne geophysics, core re-logging and geological compilation work is now underway. The goals of this exploration program are three-fold: 1) Complete more detailed sampling of several gold prospect areas to better define them prior to the next drilling program. 2) Carry out geologic and petrographic studies on JQA drill core to clarify the porphyry rock types and alteration assemblages, then re-interpret all geologic information from the JQA porphyry gold discovery area to better define the higher grade mineralization and extensions for drilling. 3) Use airborne magnetic and radiometric survey data to better understand the underlying geological and structural controls to gold mineralization at Benzdorp and generate new target areas. The first gold prospects for follow-up sampling are in the van Heemstra area several kilometres north of JQA. Two broadly anomalous gold prospect areas were found by reconnaissance soil sampling in 1997, but have not been followed up to date. A 14 km grid is being cut for soil sampling at 25 m spacings on 100 m spaced lines. Canarc Resource Corp.: Exploration Work Resumes on Benzdorp Project, Suriname VANCOUVER, British Columbia Canarc Resource Corp. Gregg Wilson (604) 685-9700 or Toll Free: 1-877-684-9700 Fax: (604) 685-9744 invest@canarc.net www.canarc.net Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF) announces that exploration work has resumed on the Benzdorp project in Suriname. A US $250,000, 6 month program of line-cutting, soil sampling, airborne geophysics, core re-logging and geological compilation work is now underway. The goals of this exploration program are three-fold: 1) Complete more detailed sampling of several gold prospect areas to better define them prior to the next drilling program. 2) Carry out geologic and petrographic studies on JQA drill core to clarify the porphyry rock types and alteration assemblages, then re-interpret all geologic information from the JQA porphyry gold discovery area to better define the higher grade mineralization and extensions for drilling. 3) Use airborne magnetic and radiometric survey data to better understand the underlying geological and structural controls to gold mineralization at Benzdorp and generate new target areas. The first gold prospects for follow-up sampling are in the van Heemstra area several kilometres north of JQA. Two broadly anomalous gold prospect areas were found by reconnaissance soil sampling in 1997, but have not been followed up to date. A 14 km grid is being cut for soil sampling at 25 m spacings on 100 m spaced lines. VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2005) - Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF) announces that, at the Annual and Extraordinary General Meeting of the shareholders held on May 31, 2005, the shareholders elected the Board of Directors as nominated and approved the Shareholder Rights Plan, changes to the Company's Articles and all other Resolutions proposed in the Management Information Circular. A total of 99 shareholders holding approximately 35.3 million shares (60.5% of the 58.5 million shares issued) voted at the meeting and each resolution passed by a large margin. The Board of Directors now consists of Bradford Cooke, Chris Theodoropoulos, Leonard Harris, Derek Bullock and William Price. The management team was also re-appointed and strengthened with the addition of Philip Yee, Bruce Bried and James Moors to senior management. Mr. Bruce Bried, B.Sc., P.Eng., joins the Company as Vice-President, Mining, and will oversee the evaluation, acquisition, management and expansion of all mining projects. Mr. Bried is a professional engineer with over 25 years experience in mine engineering and operations and his specialty is underground vein gold and silver mines. A graduate of the Colorado School of Mines, Bruce worked with Dickenson Mines Ltd. from 1980 to 1992, managing their underground gold mine in Red Lake, ON. Between 1992 and 2001, he worked with Homestake Mining, as Mine Superintendent at the David Bell Mine, ON and Eskay Creek Mine, BC, and as Mine General Manager at the Snip Mine, BC and the Lead Mine, SD. Since 2003, Bruce has served as a mining consultant to Kinross, Canarc, and Endeavour Silver Corp. He will split his time as Vice President, Mining between Canarc and Endeavour on as needed basis. Mr. James Moors, B.Sc., P.Geo., moves up from Exploration Manager to become Vice-President, Exploration. James will now oversee the evaluation, acquisition, management and development of all exploration projects, focusing initially on the Benzdorp and New Polaris properties. Mr. Philip Yee, M.B.A., C.P.A., C.G.A., C.M.A., previously Finance Manager and Controller, adds the position of C.F.O. to his responsibilities. Mr. Yee is a certified general accountant with an MBA degree and 16 years experience in corporate management, regulatory reporting, accounting, auditing and taxation. Bradford Cooke, President and CEO, stated, "I would like to welcome Bill Price to our Board of Directors and Philip Yee, Bruce Bried and James Moors to our senior management team. They add real depth to our finance, exploration and mining capabilities which is particularly important now that the New Polaris project is back on track for development." Canarc Resource Corp. is a growth-oriented, gold exploration and mining company listed on the TSX (symbol CCM) and the OTC-BB (symbol CRCUF). The Company's principal assets are its 100% interest in the New Polaris gold deposit in British Columbia, and its 80% option on the Benzdorp gold property in Suriname. Major shareholders include Barrick Gold Corp. and Kinross Gold Corp. On Behalf of the Board of Directors CANARC RESOURCE CORP. Bradford J. Cooke, President and C.E.O. FOR FURTHER INFORMATION PLEASE CONTACT: Canarc Resource Corp. Gregg Wilson Toll Free: 1-877-684-9700 or (604) 685-9700 (604) 685-9744 invest@canarc.net http://www.canarc.net Mining Copyright © 2005 CCNMatthews

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