Amarc Resources Ltd. has entered into an Exploration Agreement (the “Agreement”) with Lake Babine First Nation (the “Lake Babine”) of Burns Lake, British Columbia (“BC”). The Agreement will guide ongoing interactions between Amarc and the Lake Babine with respect to the DUKE Cu-Au District. The Lake Babine’s traditional territory includes Amarc’s DUKE Cu-Au Project, located 80 km northeast of Smithers in central BC. The Agreement was negotiated by Amarc and Lake Babine representatives over the past several months to define how respectful and productive engagement between the parties should proceed, as well as an approach for cooperative planning and achieving mutual benefit. The DUKE Cu-Au District comprises 704 km of provincial mineral claims, in which the company holds a 100% interest. The Project includes the DUKE porphyry Cu deposit and a series of new and compelling porphyry Cu style exploration targets. The company has synthesized valuable public and historical exploration data from across the DUKE tenure with its own geological information, collected using modern surface and subsurface mineral exploration techniques and analysis, to define the district-wide Cu-Au potential of the DUKE Project. Amarc has drilling and ground geophysical survey permits in place to conduct further exploration work at DUKE in 2021. The Company uses the well-developed transportation and power infrastructure in the Babine Region to support its field crews undertaking exploration activities. Amarc is currently planning both an expanded drill program at the DUKE deposit with the goal of establishing a mineral resource to provide the basis to commence preliminary engineering and economic studies, and ground exploration surveys to advance the high potential Cu-Au exploration targets within the District.