2011
Canarc Sells Relief Canyon Assay Lab to Great Basin Gold
Vancouver, Canada � May 19, 2011 � Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has sold the Relief Canyon assay lab near Lovelock Nevada to Great Basin Gold for US$600,000 plus expenses of approximately US$25,000, which represents full recovery of Canarc�s total costs for the lab. Proceeds of the sale will be added to working capital.
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 and Devil�s Thumb 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]
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