Canarc Resource Corp. (CCM: TSX and CRCUF: OTC-BB) announces that the shareholders approved all of the resolutions brought forward at the Annual General Meeting held in Vancouver, BC on June 16, 2004. Specifically, the Board of Directors consisting of Bradford Cooke, Leonard Harris, Derek Bullock and Chris Theodoropoulos was re-elected; KPMG was re-appointed as auditor; and the Directors were granted authority to issue private placements of new treasury shares for financings from time to time. The Board of Directors also approved three key appointments to the management team.
Mr. Godfrey Walton, M.Sc., P.Geo., was appointed Vice President, Exploration, returning to Canarc after spending the last three years as a geological consultant. Mr. Walton previously worked with Canarc from 1996 until 2001 and brings to Canarc 30 years of experience in the mining industry, specializing in the discovery and development of ore deposits. He previously held senior exploration management positions with several companies including Battle Mountain Gold and Chevron Minerals.
Mr. Philip Yee, M.B.A., C.P.A., C.M.C., was appointed Controller and Finance Manager. Philip has 16 years experience in all aspects of accounting, regulatory and management functions for both private and public companies, including 6 years in the mining industry. Mr. Yee previously held accounting and controller positions with Augusta Group, Can-Chi Group and other companies.
Mr. James Moors, B.Sc., P.Geo., was appointed Exploration Manager. James is also returning to Canarc, having acted as Project Geologist on the New Polaris property in the early 1990’s, before leaving to work with Homestake Minerals and the BC-Yukon Chamber of Mines. Mr. Moors has over 16 years experience in the mining industry, specializing in exploration for gold deposits.
On Behalf of the Board of Directors
CANARC RESOURCE CORP.
/s/ “Bradford J. Cooke”
Bradford J. Cooke
President and C.E.O.
Canarc Resource Corp. is a growth-oriented, gold exploration and mining company listed on the TSX (symbol CCM) and the OTC-BB (symbol CRCUF). The Company's principal assets are its 100% interest in the 1.3 million oz. (Not NI43-101 Compliant) New Polaris gold deposit located in northwestern British Columbia and its option on the huge Benzdorp gold property in Suriname. Major shareholders include Barrick Gold Corp. and Kinross Gold Corp.
For more information, please contact Gregg Wilson at tel: (604) 685-9700, fax: (604) 685-9744, email [email protected] or visit our website, www.canarc.net. The TSX Exchange has neither approved nor disapproved the contents of this news release.