Phase 1 Drill Program At Corral Canyon

VANCOUVER, BC - Canarc Resource Corp. reported the completion of a Phase 1, five-hole, 1,600 meter core drilling program at its 100% owned Corral Canyon project, Nevada. Corral Canyon is located 115 km north of Winnemucca and 70 km north of the past-producing, high-grade Sleeper gold mine in northwestern Nevada.

Scott Eldridge, CEO, said, "We are very happy with the work completed to date at Corral Canyon. Since staking the property one year ago, we were able to compile the historic data, relog old drill core, identify key structural and stratigraphic controls on gold mineralization, conduct detailed geological mapping and geochemical sampling and delineate a highly prospective extension to the historic gold mineralization never before drilled."

"The drill program targeted both broad, shallow, lower grade disseminated gold mineralization as well as narrower, deeper, high-grade veins. Drilling went smoothly with excellent core recoveries and we completed the five holes just before winter set in. Broad alteration zones and narrow quartz veins were intersected in the last three holes."