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Trading Symbol TSE:CCM Noranda to Drill Lobo 6 and Lobo 8 Properties, Mexico Vancouver, British Columbia, Canada, Bradford J. Cooke, President and C.E.O of Canarc Resource Corp. (CCM-TSE) is pleased to announce that Noranda Minerals has scheduled a drilling program on the Lobo 6 and Lobo 8 properties in the State of Zacatecas, Mexico for the 2nd Quarter, 2000. The Lobo 6 and Lobo 8 properties are optioned to Noranda from Canarc subsidiary, Minera Aztec Silver Corp. Noranda can earn a 51% interest in either property by making certain cash payments or investments and spending US$1.6 million on exploration. Noranda can increase its interest to 70% in either property by delivering a bankable feasibility study on that property. The drill program will test four IP-resistivity geophysical anomalies for their polymetallic, massive sulfide potential in areas of prospective rock formations covered by thin desert pediment. The four chargeability anomalies are large but weak, comparable to the geophysical response over the huge San Nicolas discovery of Teck/Western Copper in Zacatecas State. Canarc Resource Corp. is a growth-oriented, international gold exploration and mining company. Production increased 10% last year at the Company's Sara Kreek (80%) mine. Reserves and resources now total 2 million oz. at the New Polaris (100%) and Bellavista (18% after payback) projects. Our large exploration portfolio includes joint ventures with Homestake and Noranda. Major shareholders include Barrick Gold and Echo Bay Mines. The Company's common shares trade under the symbol "CCM" on the Toronto Stock Exchange and "CRCUF" on the OTC Bulletin Board. For further information contact Robert Carriere, Investor Relations at (604) 685-9700 or visit our website: www.canarc.net.
ON BEHALF OF THE BOARD OF DIRECTORS
Bradford J. Cooke For further information contact:
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