Vancouver, Canada � August 24, 2010 - Canarc Resource Corp. (CCM: TSX, CRCUF: OTC-BB, CAN: DB-F) announces that Cap-Ex Ventures Ltd. has received TSX Venture Exchange approval of the option agreement dated March 22, 2010, between Cap-Ex Ventures Ltd. and Canarc Resource Corp. regarding the Tay-LP property.

Under the option agreement, Cap-Ex can acquire up to a 50-per-cent interest in Canarc�s option to acquire the Tay-LP property located in south-central Yukon from Ross River Minerals Inc.� Cap-Ex may exercise the option by paying $230,000, issuing 200,000 shares, spending $675,000 on exploration and making $50,000 in royalty payments.�

Cap-Ex is currently considering an airborne geophysical survey over select areas of the property in order to help define target areas for drilling.

Canarc Resource Corp. is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF).� Canarc is focused on advancing its recently acquired Tay LP gold property in south-central Yukon and seeking a partner to advance its New Polaris gold mine project in north-western British Columbia to the feasibility stage.� Barrick Gold Corp. is a shareholder.

CANARC RESOURCE CORP.
Per:

/s/ Bradford J. Cooke

Bradford J. Cooke
Chairman�and C.E.O.

For more information, please contact Gregg Wilson at Toll Free: 1-877-684-9700, tel: (604) 685-9700, fax: (604) 685-9744, email: info@canarc.net or visit our website, www.canarc.net.

CAUTIONARY DISCLAIMER � FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995.� All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian and United States securities�agencies.� The Company expressly disclaims any obligation to update any forward-looking statements other than as required by applicable law. We seek safe harbour.