2011

print page

Canarc Stakes Large Gold Property Northwest of Richfield�s Blackwater-Davidson Gold Discovery in Central British Columbia

Vancouver, Canada � May 11, 2011 � Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has staked a 13,870 hectare gold property located northeast of Canarc�s recently acquired Windfall Hills properties, south of Burns Lake and northwest of Richfield Ventures� Blackwater gold discovery in central BC.

The property, now called the Devil�s Thumb project, is situated within the same geological belt of Tertiary volcanic rocks as Richfield Ventures recent Blackwater-Davidson gold discovery. Richfield is currently the subject of a friendly take-over bid by New Gold for $10.38 per share, valuing the company and the discovery at more than $550 million.

Staking targeted geochemical anomalies within the favorable Ootsa Lake Group rhyolitic volcanic rocks where they are cut by northeast and northwest-trending structures, similar to the Blackwater-Davidson gold discovery. The Devil�s Thumb project is accessible via gravel logging roads so property exploration should be rapid and cost-effective.

James Moors, B.Sc., P.Geo, Vice President, Exploration for Canarc, is the Qualified Person who reviewed the historic data and approved this news release.

Canarc Resource Corp.

�Bradford J. Cooke�

Bradford Cooke
Chairman and CEO

About Canarc Resource Corp.

Canarc Resource Corp. is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on exploring its Windfall Hills gold properties in BC and the Tay LP gold property in the Yukon Territory. Canarc is also seeking a partner to advance its 1.1 million oz, high grade, underground, New Polaris gold mine project in British Columbia to the feasibility stage.

Contact Information

Gregg Wilson
Investor Relations
Toll Free: 1-877-684-9700
(604) 685-9700
Fax: (604) 685-9744
[email protected]