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In addition to the following press releases and summaries, investors are encouraged to take advantage of the CANARC INVESTOR UPDATE communications system by dialing (604) 878-7308. Investors will hear a recorded message detailing the company's progress, recent developments, upcoming activities and share price information. The recording is updated weekly.

December 9, 1997

Transcript of Conference Call Featuring Frank Veneroso

November 26, 1997

Canarc's Third Quarter Report to Shareholders

November 18, 1997

Further Gold Production Records Set at Sara Kreek Mine in Suriname

November 13, 1997

Placer Dome to Earn 60% Interest in Canarc´┐Żs Benzdorp Property in Suriname by Paying US$20.3 Million Cash and Delivering Positive Feasibility Study

November 6, 1997

3rd Quarter Update

October 15, 1997

Canarc Options Kwitaro Property in Guyana to Cyprus Amax; Large Rich Gold Anomaly to be Explored and Drilled

September 17, 1997

Bulldozer Trenching Confirms Large Gold Zones on Benzdorp Property

September 11, 1997

Record Gold Production From Sara Kreek Mine in Suriname

September 5, 1997

2nd Quarter Report to Shareholders

August 20, 1997

Permitting Progress at Tulsequah Chief Should Expedite New Polaris Project

August 14, 1997

Canarc Options Properties in Indonesia to Rio Tinto

July 7, 1997

Best Drill Hole Yet Intersects 0.42 oz./ton Gold over 112.2 Feet at New Polaris Property

June 5, 1997

1st Quarterly Report 1997

May 29, 1997

Appointment of Director and Year End Review

May 22, 1997

Positive Trench and Auger Results Enhance Gold Targets at Benzdorp; Principal Gold Zones Extended by Trenching at Sara Kreek; Canarc Acquires Three New Gold Properties in Suriname

May 14, 1997

Additional Gold Mineralization Delineated by Underground Drilling and Sampling, Comprehensive Feasibility Program Continues to Advance New Polaris Project

April 24, 1997

Drilling Intersects High Grade Gold Mineralization at Sara Kreek, Sampling Extends Anomalous Gold Trend for Seven Kilometres

March 27, 1997

Shareholder Update

March 20, 1997

Favourable Trench and Auger Gold Assays at Sara Kreek Property, Drill Program Commences in Suriname

If you wish to receive full copies of the following summaries, please do not hesitate to contact us at: (604) 685-9700.

March 3, 1997

Polaris Taku property is renamed the "New Polaris" project to reflect the evolution of this small gold mine into one of the largest gold deposits under active development in Western Canada.

February 27, 1997

Two new gold zones are extended at Polaris Taku by underground drilling during ongoing feasibility study.

February 21, 1997

Canarc launches a subsidiary company to own and operate all of its mineral projects in Indonesia.

February 6, 1997

Canarc's common shares are listed on the Frankfurt and Berlin stock exchanges.

January 24, 1997

Several gold anomalies are delineated on the Benzdorp property in Suriname.

January 15, 1997

Canarc intersects significant new gold mineralization in the first 24 drill holes at Polaris Taku.

January 9, 1997

Canarc announces the appointment of Mr. Pierre Masse' as the Vice President, Finance and Chief Financial Officer.

December 5, 1996

Gold production by Canarc's partner, Suriname Wylap Development Corp., at the Sara Kreek property continues to climb on a quarterly basis.

December 3, 1996

Canarc commences Phase 2 deep augering and diamond drilling program at its Sara Kreek property in the Republic of Suriname.

November 28, 1996

Canarc receives formal S.I.P.P. approvals as well as Seriousness Bond refunds on 12 of 13 C.O.W.'s in the Kalimantan Gold Belt, Indonesia.

October 23, 1996

Canarc commences the underground phase of its feasibility work program at Polaris Taku.

October 22, 1996

Canarc announces optioning of a major gold diamond property portfolio in Suriname, South America.

October 9, 1996

Canarc and the Director General of Mines for Indonesia initial twelve Contracts of Work for the island of Borneo.

September 26, 1996

Canarc options its remaing 50% interest in Block F, Kalimantan, Indonesia to Dunlap Resources Ltd.

September 24, 1996

Canarc identifies additional gold reserve areas at Polaris Taku.

August 8, 1996

Canarc acquires additional strategic lands on the island of Kalimantan, Indonesia.

June 21, 1996

Canarc closes its previously announced $9.2 million Special Warrant financing sponsored by Nesbitt Burns Inc.

June 3, 1996

Canarc enters into an agreement with Nesbitt Burns Securities Inc. to act as its agent in the private placement of up to 4,100,000 special warrants.

May 17, 1996

Phase I drilling program on the Baramita property intersects narrow widths of gold mienralization.

May 7, 1996

Canarc receives a management overview of a positive feasibility study recently completed by Fluor Daniel Inc. on the Bellavista gold project.

April 19, 1996

Canarc options a 50% interest in the Batec Contract of Work (Block B) in northeastern Kalimantan, Indonesia, to Blackwater Gold Corporation.

April 10, 1996

Canarc acquires an option to earn an 80% interest in the 138,000 hectare Benzdorp property, located in southeastern Suriname.

April 3, 1996

Canarc announces that the Company and its joint venture partners have received approvals-in-principle from the Director General of Mines for Indonesia on eleven Contract of Work applications on the island of Kalimantan, Indonesia.

March 12, 1996

Canarc announces the appointment of Mr. Derek Bullock, M.Sc., P.Eng., and Mr. Chris Theodoropoulos, LL.B, as two new Directors to the Board.

March 4, 1996

Canarc announces two additional 50/50 joint ventures on the Kalimantan properties. Goldnev Resources Inc. and a private company will joint venture the B and H Blocks of Canarc's property in Indonesia.

February 29, 1996

Canarc announces the formation of a 50/50 joint venture with Mill City Gold Mining Corp. on one of Canarc's Contracts of Work located on the island of Kalimantan, Indonesia.

February 27, 1996

Canarc acquires one of the largest mineral land holdings on the island of Kalimantan, Indonesia.

February 19, 1996

Canarc acquires an option to earn a 100% interest in the large Parker Lake gold property in northeastern Manitoba.

February 9, 1996

Canarc Resource Corp. has been appointed project manager to oversee the construction of a 600 ton per day, 25,000 ounce per year open pit gold mine and C.I.L. processing plant in the Sabodala region of eastern Senegal.

February 6, 1996

vPhase 1 diamond drill program resumes at Canarc's Baramita property in north-western Guyana after a Christmas break. The main goal of the drilling is to test each of the eight gold prospect areas for their bulk tonnage potential.

January 23, 1996

A preliminary financial analysis of the Polaris Taku gold project has returned positive economics, according to the engineering firm, Fluor Daniel Wright Inc. Canarc will proceed with a major underground development program and feasibility study at Polaris Taku in 1996.


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