2010

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Review of Third Quarter and Outlook for Fourth Quarter of 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

• Cap-Ex Ventures Ltd. (TSX-V:CEV), (�Cap-Ex�) who have an option on Canarc's Tay-LP property in the Yukon completed a 470 kilometer, helicopter-borne, VTEM geophysical survey over the Tay-LP gold property.�

• A number of companies continued to evaluate the New Polaris gold project as possible strategic or financial partners and Canarc�s management continued to evaluate opportunities to acquire other gold properties in North America.

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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