VANCOUVER, Dec. 22, 2011 /PRNewswire/ – Amarc Resources Ltd. (“Amarc” or the
“Company”) (TSXV: AHR) (OTCBB: AXREF) announces that it has entered
into a purchase agreement to acquire six mineral claims comprising
approximately 70 square kilometres (the “property”) adjacent to its
Hubble property in south-central British Columbia. Pursuant to the
agreement, Amarc can acquire a 100% interest in the property by issuing
80,000 common shares and making a cash payment of $50,000. The
agreement is subject to acceptance by the TSX Venture Exchange. The
Amarc shares will be subject to a statutory four-month hold period
under Canadian securities requirements.

Amarc holds a 100% interest in the Hubble property, located within the
Blackwater district approximately 35 kilometres northeast of New Gold’s
Blackwater deposit for which an Indicated Resource of 184 million
tonnes at 0.94g/t gold and 4.9 g/t silver and an Inferred Resource of
43 million tonnes at 0.88 g/t gold and 4.7 g/t silver at a 0.3 g/t gold
cut‐off has been announced (New Gold website). New Gold acquired the
Blackwater deposit from Richfield Ventures Corp. in June 2011 through a
transaction valued at approximately $550 million (see New Gold press
release April 4, 2011).

A property map showing the location of the Hubble property and the new
acquisition, known as Hubble East, is posted on Amarc’s website at http://www.amarcresources.com/ahr/MapsFigures.asp. Amarc initiated a regional field program at Hubble in 2011,
undertaking approximately 370 line kilometres of helicopter-borne
magnetic and electromagnetic geophysical surveys from which a number of
epithermal gold-silver and gold-copper porphyry-type targets were
identified for follow-up. Induced Polarization ground geophysical
surveys have been completed over these target areas and results from
the program are being assessed.

About Amarc Resources Ltd.

Amarc is a Vancouver-based mineral exploration and development company
focused on making the next major gold discovery in BC. Its exploration
activities are focused on the Newton gold discovery through a Joint
Venture with Newton Gold Corp. (Amarc 80%: Newton Gold Corp. 20%) and
its 100% owned Galileo property, located to the west of New Gold’s
Blackwater holdings.

About Hunter Dickinson Inc.

Amarc is associated with Hunter Dickinson Inc. (HDI) – a diversified,
global mining group with a 25-year history of mineral development
success. Previous HDI projects in BC include Golden Bear, Mt. Milligan,
Kemess, Gibraltar, Prosperity and Harmony. From its head office in
Vancouver, Canada, HDI applies its unique strengths and capabilities to
acquire, develop, operate and monetize mineral properties to provide
consistently superior returns to shareholders.

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
technical content of this release.

ON BEHALF OF THE BOARD

Ronald W. Thiessen
President & CEO

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 exploration drilling,
exploitation activities and other related events or developments are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not 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, potential environmental issues or
liabilities associated with exploration, development and mining
activities, exploration and exploitation successes, continuity of
mineralization, uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party
opposition, changes in and the effect government policies regarding
mining and natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market or
business conditions. Investors are cautioned that any such statements
are not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. For more information on Amarc Resources
Ltd., investors should review the Company’s annual Form 20-F filing
with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.

SOURCE Amarc Resources Ltd.