Amarc closes CAD$20 million private placement

Amarc Closes Fully Subscribed CAD$20 Million Private Placement Financing

VANCOUVER, BC / ACCESS Newswire / September 10, 2026 / Amarc Resources Ltd. ("Amarc" or the "Company") (OTCQB:AXREF)(TSXV:AHR)(FSE:AQ5) is pleased to announce the closing of its previously announced private placement (the "Offering"). The Company issued, on a private placement basis, 20,000,000 common shares of the Company (each, a "Share") at a price of CAD$1.00 per Share for aggregate gross proceeds of CAD$20,000,000. The gross proceeds of the Offering will be used to advance any required future exploration expenditures in relation to the JOY District, to fund working capital and general corporate purposes, project investigations, and to progress Amarc's other properties, including the DUKE and IKE.

"While the importance of the AuRORA Gold-Copper Deposit continues to come into focus, the institutional investors that participated in the Offering also see the broader Tier 1 potential of the JOY District in which AuRORA is located," said Amarc President and CEO Diane Nicolson. "Amarc believes AuRORA, a deposit with strong gold and copper grades in the near surface environment, continuity of mineralization, positive geometry, and growing scale, is not only important to unlocking the potential of the JOY District, but may well stand to be the key to the future development of the Toodoggone Region. I want to thank Amarc's existing investors that participated in the Offering for their continued vision and welcome the new investors who have joined us to realize the full potential of our three copper-gold districts - JOY, DUKE and IKE."

In accordance with Canadian securities laws, the Shares are subject to a four-month and one day hold period in Canada that expires January 10, 2027. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Agentis Capital Mining Partners is acting as financial advisor to the Company.

About Amarc Resources Ltd.

Amarc is a mineral exploration and development company led by a management team with a 40-year track record of generating strong shareholder value through the discovery and development, and the successful transaction of long life, high value copper and/or gold deposits both in British Columbia and on the global stage. Through its association with Hunter Dickinson Inc. ("HDI"), a diversified, global mining company, members of Amarc's team have been associated with 36 discoveries or projects significantly advanced, 14 of which have been mined or are currently in production, with more to come.

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