CANARC ACQUIRES TWO ADDITIONAL GOLD-SILVER PROPERTIES IN MEXICO.

VANCOUVER, BC--(BUSINESS WIRE)--Aug. 22, 1995--CANARC RESOURCE CORP.(TSE: CCM ) Canarc Resource Corp. (CCM.TSE) has acquired options to earn up to a 90 percent interest in two additional gold-silver properties near the town of Uruachic, Ocampo mining district, Chihuahua State, Mexico.

The Los Hilos (1 & 2) and Los Gachupines properties are located near the Esperanza, Oteros and Danny (1 & 2) properties recently acquired by Canarc. They cover approximately 1,625 acres, including several new gold-silver prospects and multiple old mine workings in the Ocampo mining camp.

Recent prospecting by Minera Delta SA de CV has uncovered several altered and mineralized zones in tertiary andesites and limestones in the vicinity of granitic intrusions. Abundant rusty gossan zones have been observed on both the Los Hilos and Los Gachupines properties.

At Los Hilos, old mine shafts and tunnels are reported to have produced high grade silver-gold direct shipping ores. Some 20,000 tons of ore grading 1.0 gpt. gold and 400 gpt. silver are reported to still remain in stockpiles and dumps.

Mineralization at Los Hilos consists primarily of quartz vein, stringer and fracture zones surrounded by argillic and silica-rich, hydrothermal alteration zones. Individual mineralized zones outcrop sporadically over an area measuring 600 metres long by 300 metres wide.

Minera Delta reported grab samples assaying up to 3.67 gpt. gold and 2,385 gpt. silver. Semi-continuous chip samples returned the following results: -0-

ZONE    SAMPLE      WIDTH      GOLD    SILVER     GOLD
        (No.)       (m.)       (gpt)   (gpt)   EQUIVALENT
_____________________________________________________________
Hilos  M73-M92     100x100     0.40     28.4     0.78
       Incl.         43        1.48    146.0     3.43

     M127-M132       40        0.84     22.2     1.14

      M1-M4 and
      M212-M214      43        1.14     24.9     1.47

      M324-M343     174        0.68     44.3     1.27
       Incl.         79        1.07     66.3     1.95

      M138-M139      45        1.07     11.5     1.22

      M141H-M145H    50        1.51      9.0     1.63
check sample 95LH003 50        2.98     15.0     3.18
_____________________________________________________________
      AVERAGE        50        1.44     43.4     2.02

Check sampling by Canarc generally confirmed the gold and silver grades reported by Delta and, in some places, upgraded them. A Phase 1 road-building, trenching and prospecting program has been proposed to systematically sample all mineralized areas prior to an initial drilling program.

At Gachupines, the Spaniards are known to have mined gold, silver, copper, lead and zinc from veins in the area. In the more recent past, locals mined high grade Au-Ag-Cu-Zn-Pb ore for direct shipping to the smelter in Chihuahua until it was closed down.

Mineralization at Los Gachupines is different from Los Hilos in that the granite plutons have intruded limestone as well as volcanics. As a result, the mineralization is more base metal rich and occurs with skarn alteration as well as epithermal alteration.

Minera Delta reported grab samples assaying up to 2.73 percent copper, 3.5 percent zinc, 11.6 percent lead, 1.04 gpt. gold and 2.31 gpt. silver. The Los Gachupines property adjoins the Oteros-Esperanza properties to the north, along strike from gold-silver epithermal mineralization previously reported.

Canarc can earn a 90 percent interest in the Los Hilos (1 & 2) and Los Gachupines properties from Minera Delta by paying $61,000 and issuing 45,000 shares over a one-year period and carrying Minera Delta's remaining 10 percent interest in the properties until completion of feasibility studies on a per property basis.

If Delta does not participate in its share of post-feasibility costs, then Delta's 10 percent interest will revert to a 2 percent to 3 percent net smelter royalty.

Mr. Bradford Cooke, President and CEO of Canarc stated: "These two property acquisitions significantly increase Canarc's presence in Mexico. We are onto a very large and complex epithermal gold-silver system that offers Canarc good opportunities to discover and develop bulk-tonnage, heap leach gold and silver deposits."

Canarc Resource Corp. is a growth-oriented international gold exploration and mining company with active projects in North, Central and South America. Major shareholders include Barrick Gold Corp. (4 percent) and Echo Bay Mines Ltd.(10 percent).

ON BEHALF OF THE BOARD OF DIRECTORS CANARC RESOURCE CORP.

Bradford J. Cooke

President

NOTE: Location map available from the Company at the phone number listed above.

CONTACT: Robert Carriere

Investor Relations 

Phone: [phone]

1-800-460-0535