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Additional Porphyry Gold Drill Intercepts From JQA Prospect, Benzdorp Property, Suriname

Vancouver, British Columbia, Canada October 20, 2003

Canarc Resource Corp. (CCM: TSX and CRCUF: OTC-BB) announced today additional drill intercepts of porphyry gold mineralization from the JQA prospect area of the Benzdorp property in Suriname.

Drill holes BZ03-13, 15 and 16 each returned significant gold grades over their entire lengths and holes BZ03-14 and 17 both intersected the margins of the mineralized zone. Assays are as follows:

Hole (No)	From (m)	To (m)	Length (m)	Gold (gpt)
BZ03-13 Including	0.00 36.58	100.58 83.82	100.58 47.24	0.822 1.130
BZ03-14	88.70	91.44	2.74	0.485
BZ03-15 Including:	0.00 39.62	81.49 54.86	81.49 15.24	0.481 0.725
BZ03-16 Including: And:	0.00 42.67 70.10	88.39 56.39 88.39	88.39 13.72 18.29	0.510 0.818 0.739
BZ03-17 Including	0.00	10.67	10.67	0.586

Core recoveries in the saprolite continue to average approximately 76% in holes BZ03-13 to 17 and bedrock was only reached in hole BZ03-14. Core losses in the mineralized zone imply gold losses as well, so the assays reported herein may understate the actual gold grades in saprolite.

Holes BZ03-9, 10, 11 and 12 were drilled to the south of JQA diorite intrusion and porphyry mineralization in the JQS prospect area. These drill holes intersected narrow widths of low grade, vein-type mineralization hosted by andesite volcanic rocks.

On Behalf of the Board of Directors
CANARC RESOURCE CORP.

/s/ �Bradford J. Cooke�

Bradford J. Cooke
President and C.E.O.

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.