News

News

Review of Third Quarter and Outlook for Fourth Quarter of 2010


November 3, 2010

Vancouver, Canada – November 3, 2010 - Bradford Cooke, Chairman and CEO of Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, DB-Frankfurt: CAN), is pleased to provide the following review of Canarc’s progress in the third quarter, and its plans for the fourth quarter of 2010.

Q3 Review

The Tay-LP property is held under option by Cap-Ex from Canarc. Upon receipt of the geophysical data and interpretive maps from the geophysical contractor, Cap-Ex will prioritize the most favourable targets for follow-up in 2011with more detailed ground geophysics, geological mapping and diamond drilling.

Q4 Outlook

Management continues to seek strategic alternatives such as a joint venture or other means to advance the New Polaris high grade gold project to mine development and a full feasibility study.  Discussions are currently underway with several parties.

We also continue to pursue new opportunities for growth by evaluating attractive gold projects in the USA and Canada for acquisition where management’s exploration and mining experience can add value.

Canarc Resource Corp. is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF).  Canarc is currently focused on advancing its New Polaris gold project in north-western British Columbia to the feasibility stage, and acquiring attractive gold exploration and mining projects in North America.  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: [email protected] 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.

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Canarc Options Two Gold Properties Northwest of Richfield’s Blackwater Gold Discovery in Central British Columbia
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Canarc Closes CA$960,000 in Two Private Placement Financings
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Canarc Resource Corp Shareholder Update Third Quarter Review 2009
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Canarc Arranges CA$62,000 Loan Financing with Directors and Officers
Apr 2, 2009
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Canarc Resource News Release
Feb 17, 2009
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Dec 1, 2008
Canarc Closes $100,000 Private Placement Financing
Nov 12, 2008
Shareholder Update
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Nov 10, 2008
Canarc Revises Terms of Private Placement Financing
Sep 30, 2008
Canarc Arranges CA$600,000 Private Placement Financing
Sep 29, 2008
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Jun 18, 2008
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Jun 10, 2008
Canarc Announces Appointments of New President and COO, and New Director to the Board
May 13, 2008
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Apr 30, 2008
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Feb 20, 2007
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Canarc Makes Two New Appointments To Senior Management Team
Jan 16, 2007
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Dec 12, 2006
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News Release
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Shareholder Update: First Quarter Review 2006
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Feb 23, 2006
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Feb 6, 2006
Bellavista Gold Mine Reaches Commercial Production
Feb 1, 2006
Shareholder Update: Review of 2005 and Outlook for 2006
Jan 25, 2006
Canarc Plans CA$ 2.7 Million, Phase 3 In-Fill Drilling Program
Jan 10, 2006
Canarc Appoints Jack McClintock President And C.O.O.
Dec 14, 2005
Additional High Grade Gold Drill Intercepts Confirm C Vein Continuity on New Polaris Property, British Columbia
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Shareholder Update: Third Quarter Review 2005
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Shareholder Update: Second Quarter Review 2005
Jun 21, 2005
Exploration Work Resumes on Benzdorp Project, Suriname
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Shareholders Approve Board Election, Shareholder Rights Plan, Changes to Articles, And Other Resolutions; Management Team Strengthened
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Board Resignation and Appointment
Mar 29, 2005
Metallurgical Testwork Indicates Excellent Gold and Copper Recoveries For JQA Mineralization, Benzdorp Property, Suriname
Mar 21, 2005
Final 2004 Drill Results Return Significant Gold Intercepts From JQA Prospect, Suriname
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Shareholder Update: First Quarter Review 2005
Feb 23, 2005
Shareholder Update: Overview of 2004 and Outlook for 2005
Feb 15, 2005
Bellavista Mine Construction Nearing Completion, Gold Production to Commence in Q2, 2005
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Metallurgical Testing of New Polaris Ores Improves Gold Recoveries to 95%
Jan 12, 2005
Drilling Intersects Multiple High Grade Gold Zones Including 0.93 opt Over 26.4 ft On New Polaris Property, B.C.
Dec 19, 2004
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Dec 14, 2004
Phase 1 In-Fill Drilling Program Returns Multiple High Grade Gold Intercepts From New Polaris Property, B.C.
Oct 13, 2004
Canarc Commences Phase 1 In-Fill Drilling Program At New Polaris Project, BC; Raises CA $487,500 In Flow-Through Private Placement Financing
Sep 29, 2004
Canarc Reports Significant Copper Values From Deep Drilling at Benzdorp; Receives Expression of Interest From Major Gold Companies
Sep 9, 2004
Canarc Appoints New Director And New Advisor To The Board; Forms Special Committee To Explore Alternatives To Enhance Shareholder Value
Aug 11, 2004
Deep Drilling Results Extend Porphyry Gold Mineralization at Benzdorp Property
Jul 13, 2004
SHAREHOLDER UPDATE: Second Quarter Review 2004
Jul 6, 2004
Additional Deep Drilling Results Confirm Broad Zone of Porphyry Gold Mineralization at Benzdorp
Jun 22, 2004
Canarc Shareholders Re-elect Directors, New Appointments to Management Team
Jun 3, 2004
Drilling Extends Porphyry Gold Mineralization 350m Deep at JQA Prospect on Benzdorp Property , Suriname
May 9, 2004
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Apr 29, 2004
Shareholder Update - First Quarter Review 2004
Apr 12, 2004
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Canarc Resource Corp: Ready for Launch? - Eric Hommelberg
Mar 17, 2004
Gold-Copper Porphyry Mineralization in JQA Prospect Area Expanded by Final 2003 Drill Results on Benzdorp Property, Suriname
Feb 18, 2004
Canarc and Grassalco Complete the Incorporation of Benzdorp Gold N.V.
Feb 5, 2004
Bradford J. Cooke, President and CEO of Canarc Resource Corp., provides shareholders with the following overview of 2003 and the outlook for Canarc in 2004.
Jan 30, 2004
Canarc featured on BTV. You will need the Real Player to view the video.
Dec 23, 2003
Drill Results From JQW Prospect and Copper Assays From JQA Area, Benzdorp Property , Suriname ; Additional Private Placement Flow Through Financing
Dec 2, 2003
Drilling Intersects Additional Porphyry Gold Mineralization At JQA Prospect
Nov 25, 2003
More Drill Results from JQA Prospect
Nov 7, 2003
Canarc Closes $3 Million in Private Placement Financings
Oct 27, 2003
SHAREHOLDER UPDATE - Third Quarter Review 2003
Oct 20, 2003
Additional Porphyry Gold Drill Intercepts From JQA Prospect, Benzdorp Property, Suriname
Oct 1, 2003
Canarc Agrees to CA $3 Million Private Placement
Aug 12, 2003
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Jul 17, 2003
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SHAREHOLDER UPDATE - Second Quarter Review 2003
Jun 9, 2003
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May 15, 2003
Engineering And Resource Studies Now Underway On New Polaris Gold Mine Project, B.C.
May 6, 2003
Two Large New Gold Anomolies Found on Benzdorp Property, Suriname
Apr 26, 2003
SHAREHOLDER UPDATE - Benzdorp Property Visit
Apr 15, 2003
Shareholder Update: Significant new developments were achieved in several areas over the past three months
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SHAREHOLDER UPDATE
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Oct 3, 2002
Canarc Closes $500,000 Private Placement Financing
Sep 30, 2002
Shareholder Update: Second Quarter 2002, Sep 30, 2002
Jun 5, 2002
Updates on the Bellavista and New Polaris Projects
May 15, 2002
Shareholder Update: First Quarter 2002, May 15, 2002
Apr 23, 2002
Shareholder Update: Annual Report 2001, Apr 23, 2002
Feb 4, 2002
Shareholder Update: Review of 2001 and Outlook for 2002, Feb 04, 2002 February 04, 2002
Oct 12, 2001
Shareholder Update: Third Quarter Review, 2001, Oct 12, 2001
Jul 5, 2001
Shareholder Update: Second Quarter Review, 2001, Jul 05, 2001

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