October 4, 2011- Vancouver, BC - Amarc Resources Ltd. (“Amarc” or the “Company”) (TSX Venture: AHR; OTCBB: AXREF) announces that it has entered into an option agreement to acquire 16 mineral claims comprising approximately 49 square kilometres (the “property”) adjacent to its Galileo property in south-central British Columbia. Pursuant to the agreement, Amarc can acquire a 100% interest in the property by issuing 140,000 shares, making cash payments of $35,000 and incurring at least $100,000 of exploration expenditures. The agreement is subject to acceptance by the TSX Venture Exchange. The shares will be subject to a statutory four-month hold period under Canadian securities requirements.
Amarc holds a 100% interest in the 770 square kilometre Galileo property, which is located within the Blackwater-Davidson district. A property location map is posted on Amarc's website at http://www.amarcresources.com/ahr/MapsFigures.asp. Amarc initiated its 2011 regional field program at Galileo by undertaking approximately 4,000 line kilometres of helicopter-borne, magnetic and electromagnetic geophysical surveys from which twelve deposit-scale targets were identified for field follow-up. Induced Polarization ("IP") ground geophysical surveys are currently underway over these high-quality epithermal gold-silver and gold-copper porphyry-type targets…
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