Canarc Resource Corp. TAY LP URL: http://canarc.net/projects/tay_lp/index.php?content_id=248&page_number=1 Content was created on: August 27, 2009 Yukon Location and Access: The Tay-LP project is located within the Tintina Gold Belt approximately 75 kilometres south of the town of Ross River in the Yukon Territory. The Tay–LP property consists of 413 claims covering a 20 km-long by 4 km-wide belt of gold prospects (8,000 hectares) on which several million dollars have been spent on exploration since 1984. The property enjoys good road access from both Ross River and Whitehorse via the South Canol Road and a four-wheel drive access road to the old camp on Seagull Creek. Ownership: Canarc has an option to acquire up to a 100% interest in Tay-LP from Ross River Minerals Inc. over a three year period, subject to a third party 3% NSR royalty. Pursuant to the NSR royalty agreements, Canarc must pay CA$25,000 per year in cash or stock as annual advance payments. Current Status: Canarc  recently completeld a 10-hole drill program on the Tay-LP and intersected gold mineralization in all ten drill holes. Drilling highlights include 1.48 grams per tonne (gpt) gold over 9.2 meters (m) true width (0.043 oz per ton over 30.2 feet) contained within a broader mineralized zone grading 0.73 gpt gold over 28.2 m in hole TLP09-4; and 9.14 gpt gold over 1.0 m (0.27 oz per ton over 3.3 feet) contained within a broader mineralized zone grading 0.71 gpt gold over 29.2 m in hole TLP09-1. The drill program successfully extended the gold mineralization along strike and/or down dip from three principle zones spanning a 2.4 kilometer long corridor.  Some of the historic drilling highlights include 3.6 gpt gold over 24.3 m in hole 91-24, 1.3 gpt gold over 31.8 m in hole 02-17 and 4.0 gpt gold over 10.5 m in hole 04-02. Assay results for the ten drill holes are shown in the table below.  Hole Number   From (m) To (m) Length (m) Gold (gpt) TLP-09-01 91.2 120.4 29.2 0.71 incl. 93.0 94.0 1.0 9.14 and 109.0 119.0 10.0 0.81 incl. 115.1 119.0 3.9 1.69 TLP-09-02 90.7 98.0 7.3 0.99 incl. 92.1 93.0 0.9 4.84 TLP-09-03 158.4 171.0 12.6 0.81 incl. 158.4 159.4 1.0 4.12 and 174.7 185.7 11.0 0.63 TLP-09-04 148.0 176.2 28.2 0.73 incl. 167.0 176.2 9.2 1.48 TLP-09-05 32.0 52.0 20.0 0.50 incl. 44.0 46.0 2.0 2.13 and 86.9 95.9 9.0 1.15 TLP-09-06 84.7 101.0 16.3 0.90 incl. 86.8 88.15 1.35 4.05 TLP-09-07 101.4 113.3 11.9 0.45 incl. 101.4 102.0 0.6 2.09 TLP-09-08 122.85 124.9 2.05 2.30 incl. 123.8 124.9 1.1 3.80 TLP-09-09 91.65 94.1 2.45 2.03 incl. 91.65 93.0 1.35 3.50 TLP-09-10 105.15 110.0 4.85 3.14 incl. 105.15 107.15 2.00 6.51 and 123.0 147.0 24.0 0.52 incl. 132.55 133.0 0.45 5.24 True widths are greater than 90% of core lengths, except for holes 7 and 8, where they are approximately 75%. James Moors, B.Sc., P.Geo, is the Qualified Person who supervised the drilling program on the Tay-LP property.  Management will now compile and interpret all of the recent and historic exploration data in the light of this year's results and consider an expanded Phase 2 exploration drilling program for next year to target higher grade gold mineralization in mutiple high priority targets closer to the three intrusions, subject to financing. Mining History: Several million dollars are estimated to have been spent on exploration since 1984 by Cominco (1984-87), Pacific Comox (1988-99), Newmont (2000-01) and Ross River (2002-04). As a result, Canarc has inherited a large exploration database, including 1382 km of airborne geophysical surveys, 3 geochemical soil grids, 2 ground geophysical grids, 12 reverse circulation drill holes, and 53 diamond drill holes. Geology and Gold Mineralization: Gold mineralization at Tay-LP shares some geological similarities with other recent gold discoveries within the Tintina Gold Belt, such as the Rau property of Atac Resources (ATC: TSX-V) and the Ketza River gold deposit of Yukon-Nevada Gold (YNG: TSX), which is located only 18 km east of Tay-LP. Gold at Tay-LP is associated with sulphide minerals (mainly pyrrhotite) in quartz breccias (containing elevated bismuth and tellurium) replacing favourable structures and strata within Cambro-Ordovician calcareous phyllites and marbles proximal to Cretaceous quartz monzonite stocks and sills. Dislaimer: Cautionary Note to US Investors- The United States Securities and Exchange Commission limits disclosure for US reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this web site, such as "reserves, " "resources," "geologic resources," "proven", "probable", "measured", "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC. U.S investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-18860. You can review and obtain copies of these filings from the SEC's website at www.sec.gov/edgar.shtml.