VANCOUVER, May 31, 2012 /PRNewswire/ – Amarc Resources Ltd. (“Amarc” or the
“Company”) (TSX Venture: AHR; OTCBB: AXREF) announces that, effective
May 22, 2012, the Participating Interest of Newton Gold Corp. (“NGC”)
in the Newton Joint Venture converted to a 5% Net Profits Interest in
accordance with the terms of the Joint Venture Agreement between the
Company and NGC. As a result, NGC will no longer be a participant in
the Joint Venture and the Newton Joint Venture Agreement has
terminated. Amarc now holds a 100% interest in Newton property, subject
only to the 5% Net Profit Interest to NGC and a Net Smelter Return
Royalty to underlying property vendors which can be purchased for $2
million.

Delineation drilling of the Newton gold discovery commenced in late
September and has progressed rapidly, with the completion of
approximately 16,000 metres in 43 diamond drill holes. A Drill Hole
Location Map is available at Amarc’s website: http://www.amarcresources.com/i/ahr/pdf/AHR_2012_May31_drawings.pdf. This recent drill phase brings the total drilling of the Newton
deposit to approximately 23,300 metres in 72 holes. Drilling
activities on the project have now been placed on standby, so that all
assay results can be received and compiled. The camp, core processing
facilities and one drill rig remain on site. Over the next two months
Amarc’s geological team will integrate the incoming assay data with
information from various on-going geological studies, including
state-of-the-art drill core imaging technology which will assist in
vectoring towards gold enriched areas of the Newton system. Further
assay results will be compiled shortly and available for release. In
addition a resource estimate for the Newton deposit is underway and is
expected in mid-July. All of this work will inform management’s plans
for further exploration of the Newton property.

Permit applications for extensive Induced Polarization ground
geophysical surveys around the Newton discovery and additional drilling
have been submitted to the provincial government.

Newton lies 175 kilometres south of New Gold’s Blackwater gold deposit
and some 100 kilometres west of the City of Williams Lake, BC, in a
region characterized by gently rolling hills. The district is well
served by existing transportation and power infrastructure and a
skilled workforce, which support a number of operating mines, as well
as late-stage mineral development and exploration projects.

About Amarc Resources Ltd.

Amarc is a Vancouver-based mineral exploration and development company
focused on making the next major gold discovery in BC. With a strong
working capital position of $12.5 million, its exploration activities
are focused on its 100% owned Newton gold discovery and the Galileo
property which lies adjacent to New Gold’s Blackwater property.

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.