Amarc Completes $500,000 Financing - BC Exploration Update



    VANCOUVER, Feb. 20 /CNW/ - Amarc Resources Ltd. ("Amarc" or the
"Company") (TSXV: AHR; OTCBB: AXREF) announces that, further to its press
release dated December 19, 2008, the Company has completed the previously
announced private placement financing and has issued 5,000,000 equity units
(the "Units") at a price of $0.10 per Unit for gross proceeds of $500,000.
Each Unit consists of a flow-through common share and a non-flow-through
warrant (a "Warrant"). Each Warrant is exercisable to purchase an additional
common share at a price of $0.10 for a 24 month period. The Units are subject
to a four month hold period under applicable Canadian securities legislation.
    Proceeds from the offering will be used for Canadian exploration
expenses.
    Amarc also reports that analytical results have been received from the
diamond drilling program at the Bodine-Warren property located in the central
area of the highly prospective Sitlika Copper-Zinc Belt, near Fort St. James,
British Columbia. The 2,241-meter diamond drill program was designed to test
targets defined by strong copper and zinc, with associated silver and lead,
soil anomalies and induced polarisation geophysical signatures, over a 2,000
meters by 700 meter area. Drilling intercepted thick sequences of favourable
felsic volcanic rocks confirming the favourable geological environment for
volcanogenic massive sulphide mineralisation. Strong rock alteration was found
associated with significant intervals of disseminated to stringer-like zones
of sulphide mineralisation that returned strongly anomalous zinc and copper
values. However, no economic mineralisation was encountered.

    Amarc Resources Ltd. is a Vancouver-based exploration and development
company. In recent times Amarc has been focused on early stage exploration
with efforts primarily directed towards making the next major new mineral
deposit discovery within B.C. Amarc has also recently expanded its search,
evaluating proposals from favorable mining jurisdictions around the world.
Amarc is affiliated with Hunter Dickinson Services Inc., the personnel and
management of which have enjoyed considerable success both in B.C. Examples of
successful projects world-wide include Golden Bear, Mt. Milligan, Kemess,
Prosperity, Gibraltar, Pebble, Xietongmen, Campo Morado and Burnstone.
    Mark Rebagliati, P.Eng., a Qualified Person as defined under National
Instrument 43-101, is supervising the exploration and quality assurance and
quality control programs on behalf of Amarc and has reviewed the content of
this release.

    
    ON BEHALF OF THE BOARD

    Robert A. Dickinson
    Chairman

    Neither the TSX Venture Exchange nor any other regulatory authority
    accepts responsibility for the adequacy or accuracy of this release.
    

    Forward Looking and other Cautionary Information

    This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address estimated resource quantities,
grades and contained metals, possible future mining, exploration and
development activities, are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements should not be in any way
construed as guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices for metals, the
conclusions of detailed feasibility and technical analyses, lower than
expected grades and quantities of resources, mining rates and recovery rates
and the lack of availability of necessary capital, which may not be available
to the Company on terms acceptable to it or at all. The Company is subject to
the specific risks inherent in the mining business as well as general economic
and business conditions. For more information on the Company, Investors should
review the Company's annual Form 20-F filing with the United States Securities
and Exchange Commission and its home jurisdiction filings that are available
at www.sedar.com.





For further information:

For further information: on Amarc Resources Ltd., please visit the
Company's website at www.amarcresources.com or contact Investor Services at
(604) 684-6365 or within North America at 1-800-667-2114


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