Canarc Resources Corp. TSX-V:CCM - OTC-BB:CRCUF

Media Coverage Archive

Letter from Steve Seville regarding Canarc Resource Corp. Stocks

Dear Subscribers:

We are also going to add Canarc Resource Corp. (TSX: CCM, OTC: CRCUF) to the
Stocks List. CCM spiked up to around C$1.30 at the end of last month on the back of
some good drill results, but has since pulled back to support at around

With a market cap of C$56M at yesterday's closing price of C$1.00 CCM is a
much larger company than XRC. It has a 1.3M ounce (Not NI43-101 Compliant) high-grade gold resource at its
New Polaris project in Canada, but our main interest in the company stems
from its Benzdorp porphyry gold project in Suriname. Drill results announced over
the past few months indicate the potential for a gold resource of several
million ounces at Benzdorp that could be mined very profitably at the
current gold price. Substantial exploration will be required over the next two years
in order to 'prove-up' the resource, but if future drill results continue to
confirm the potential indicated by recent results then the Canarc stock
price will move considerably higher.

*We plan to send out another Stock Selection E-mail on Friday to add at
least one more non-gold junior resource stock to the List.

Best wishes,
Steve Saville