Gold stocks are a welcome solution to many investors which are familiar with the equity market and are consequently more comfortable accessing the gold market by way of buying stock in gold mining firms. The capital appreciation potential of a gold share is dependent not only on the future price of gold, but also on the future prospects of the company based on its management and operating strengths. Mining shares offer capital appreciation opportunities, as well as the opportunity to earn a dividend. Generally, if the price of gold rises, so do earnings and dividends, making it a sound investment to purchase Gold stocks.

Canarc Resource Corp. is a growth-oriented gold exploration and mining company listed on the Toronto Stock Exchange (symbol CCM) and the OTC Market (symbol CRCUF).

The Company owns interests in one small producing gold mine in South America, two large gold deposits ready for development in North and Central America, and several strategic exploration projects that have the potential for significant new mineral discoveries.

Canarc’s principal asset is the 1.3 million oz. gold resource on its New Polaris property (100% Canarc) located in northwestern British Columbia. A high grade, past producing underground mine, New Polaris is one of the largest gold deposits in Western Canada. Development of the neighbouring Tulsequah Chief base metal mine and road should significantly enhance the economics for advancing the New Polaris project.

Our most advanced development project is the 2 million oz. Bellavista gold deposit (18% carried interest after payback) in Costa Rica. Wheaton River Minerals, the Operator, has identified a 550,000 oz. higher grade, proven mineable reserve that is amenable to heap leach operations with low US$ 156 per oz. operating costs.

The Sara Kreek gold mine is a small open pit placer operation (80% Canarc) in the Republic of Suriname. Production was approximately 10,000 oz. and the mine operated at about break-even in 2001. A second, small, high grade, open pit lode mine at Sara Kreek with an estimated US$62 operating cost per oz. also is planned, subject to financing.

Canarc's next major gold discovery may be on the Benzdorp property in Suriname, where several large prospects have been found and are now ready for drilling. The target here is a large gold porphyry system with the potential for several million ounces.

The Company also owns the prospective Clara high sulphidation, gold-silver property in the prolific Sierra Madre Belt in Mexico through its subsidiary company, Aztec Silver.

The Company is strong financially with over $800,000 in cash and marketable securities, no significant debt, and annual income of US$117,750

Canarc’s management team and Board of Directors have decades of experience in exploration and mining, much of it with senior companies. Our major shareholders and joint venture partners include Barrick Gold and Echo Bay Mines.

With 43.8 million shares issued trading at CA $0.40 per share, Canarc is undervalued compared to other junior gold companies and offers substantial upside potential for prudent investors.