Canarc Resource Corp. provided update on its progress, goals and strategies for advancing the New Polaris gold mine project, exploring the Windfall Hills project and other corporate initiatives. In 2015, the Company will focus its efforts on three main objectives: Discussions with strategic partners aimed at advancing the New Polaris gold mine project (current resources total 519,000 oz gold measured/indicated at 12.54 g/t plus 636,000 oz gold inferred at 12.15 g/t) through feasibility, permitting and construction to production.

Seeking a financial or industry partner to continue exploration drilling of the new gold-silver discovery (1.54 grams per tonne silver equivalent over 28 meters at a 60:1 gold:silver ratio) made at Windfall Hills last year. New Polaris Gold Mine Project: Another new initiative is the company's evaluation of the Albion process, an alternative metallurgical process developed by Xstrata, now Glencore, for treating refractory gold concentrates such as will be produced at New Polaris to facilitate the production of dore gold bars. The Albion process could add significant value to the project subject to metallurgical testing to confirm that it is suitable for New Polaris gold concentrates.

Windfall Hills Gold-Silver Exploration Project: Following the new discovery last year at the Windfall Hills gold-silver exploration project located in central British Columbia, the company has staked additional mineral claims and its current land position at Windfall Hills now totals 4,337 hectares.