Amarc is further expanding its Toodoggone technical team

VANCOUVER, BC / ACCESS Newsline / February 5, 2026 / Amarc Resources Ltd. (“Amarc” or the “Company”) (TSXV:AHR,OTC:AXREF)(OTCQB:AXREF) is pleased to announce two appointments, expanding and strengthening its technical team. Gavin Titley, P.Geo., has been appointed Amarc’s Vice President of Exploration and Farhad Bouzari, Ph.D, as Chief Exploration Scientist.

“Gavin Titley joined Amarc in 2024 as a Senior Geologist and for the past two years served as Amarc’s project leader on site in the JOY District and on the AuRORA Discovery, and during the drilling program at the Empress copper-gold deposit in the IKE District. It is my great pleasure to recognize Gavin’s outstanding work and dedication through his appointment as Vice President, Exploration for the Company,” said Amarc President & CEO, Diane Nicolson.

“I am also very excited to welcome Dr. Farhad Bouzari to Amarc’s technical team as Chief Exploration Scientist. Farhad has more than 25 years of international experience in mineral exploration, specializing in porphyry copper and related magmatic-hydrothermal mineral systems with a focus on the Toodoggone, where the JOY District and the AuRORA Discovery are located.”

“These two talented individuals will contribute valuable insights to advance our portfolio of district-scale copper-gold projects and build on the team’s excellent track record of discovery and advancement of porphyry copper deposits in North America.”

Gavin Titley is a professional geoscientist with a decade and a half of extensive experience exploring and managing copper-gold projects in the Canadian Cordillera. Prior to joining Amarc, he spent four years as an exploration manager for Northwest Copper Corporation, where he led multi-million dollar exploration programs including the Lorraine/Top Cat project. From 2017-2020, he was a project geologist at Mincord Exploration Consultants, where he conducted field programs and oversaw exploration of porphyries and other types of deposits in British Columbia. He holds a B.Sc degree in Geology from the University of Victoria.

The career of Dr. Farhad Bouzari has focused on improving exploration decision-making in complex and covered terrains. He is widely recognized for his experience in porphyry mapping and his contributions to the development of exploration tools, including MPIX, MPIX-L and Porphyry Indicator Minerals (PIMS), which are now used worldwide to assess fertility, footprint scale and vectoring within porphyry systems. Before joining Amarc, he spent nearly two decades as a research associate at the University of British Columbia’s Mineral Deposit Research Unit (MDRU), where he led large-scale industry, NSERC and Geoscience BC-funded research programs. Of particular interest to Amarc is his involvement in two MDRU research projects in the Toodoggone region of British Columbia, aimed at establishing the link between porphyries and epithermal events and developing a new exploration framework to improve the assessment and discovery of these systems. An integrated approach combining field mapping, petrography, lithogeochemistry and geochronology was used to constrain the exposure levels and timing of porphyry epithermal clusters. Alteration and geochemical indices, including those mentioned above, have been developed to provide effective vectors for mineralization^[i].

About Amarc Resources Ltd.

Amarc is a mineral exploration and development company with an experienced and successful management team focused on developing a new generation of high-quality, long-life porphyry Cu-Au mines in BC. By combining high-demand projects with dynamic management, Amarc has created a solid platform to create value from its exploration and development-stage assets.

Amarc promotes the JOY, DUKE and IKE porphyry Cu±Au districts, located in several productive porphyry regions in northern, central and southern BC, respectively. Each district represents significant potential for the development of porphyry Cu±Au deposits on a large scale. Importantly, each of the three districts is in close proximity to industrial infrastructure, including electricity, highways and railways.

Freeport-McMoRan Mineral Properties Canada Inc. (“Freeport”), a wholly owned subsidiary of Freeport-McMoRan Inc. at JOY and Boliden Mineral Canada Ltd. (“Boliden”), an entity within the Boliden Group of companies at DUKE, can earn up to a 70% stake in each district through phased investments of CAD$110 million and CAD$90 million, respectively. Together, this Amarc potentially delivers up to CAD $200 million in phased financing without equity dilution to these districts. Both Freeport and Boliden have earned an initial 60% stake. Amarc completed self-financed drilling at its Empress Cu-Au Deposit in the IKE district in 2024.

The exploration of Amarc is led by an internationally successful team of experienced geologists specialized in Cu-Au porphyry deposits. Members of this team have been involved in and monitored the progress of porphyry Cu-Au exploration in the Toodoggone region since 1990. Their experience and early recognition of the porphyry potential at the NWG target in terms of a shallow overburden and underdeveloped transitional geological epithermal porphyry geological setting led to the discovery of the Au-rich AuRORA porphyry Cu-Au-Ag deposit.

Amarc is associated with HDI, a diversified, global mining company with a 35-year history of discovery, development and transaction success of porphyry Cu deposits. Past and current HDI projects include some of BC’s and the world’s most important porphyry deposits – such as Pebble, Mount Milligan, Southern Star, Kemess South, Kemess North, Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie, PINE, IKE, DUKE and AuRORA. From its headquarters in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral projects.

Amarc works closely with local governments, indigenous groups and stakeholders to promote its mineral projects responsibly, and in a manner that contributes to sustainable community and economic development. We seek early and meaningful engagement to ensure that our mineral exploration and development activities are well coordinated and broadly supported, that local priorities and concerns are addressed, and that opportunities for collaboration are optimized. In particular, we strive to create mutually beneficial partnerships with Indigenous groups within whose traditional territories our projects are located, through the provision of jobs, training programs, contract opportunities, capacity financing agreements and sponsorship of community events. All Amarc work programs are carefully planned to achieve high levels of environmental and social performance.

Qualified person

Mark Rebagliati, P.Eng., a Qualified Person (“QP”) as defined by National Instrument 43-101, has reviewed and approved the technical and scientific information contained in this press release. Mr. Rebagliati is not independent of the Company.

For more information about Amarc Resources Ltd. please visit the company’s website at www.amarcresources.com or contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365 or within North America at 1-800-667-2114, or Kin Communications, at (604) 684-6730, email: AHR@kincommunications.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Amarc Resources LTD.

Dr. Diane Nicolson
Chairman and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking and other cautionary information

This press release contains certain statements that may be deemed “forward-looking statements.” All such statements, other than statements of historical fact relating to exploration plans and plans for enhanced relations, are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: Amarc’s projects will obtain all required environmental and other permits and all land use and other licenses, studies and explorations of Amarc’s projects will remain positive, and no geological or technical issues will arise. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties relating to the ability to obtain necessary permits, licenses and title rights and delays resulting from third party opposition, changes in and the effect of government policies relating to mining and the exploration and exploitation of natural resources, including the effects of land use plans that may affect activities on or access to Aboriginal properties, exploration and development of properties. Territories claimed by groups may affect, or be perceived as affecting, asserted indigenous rights and title, which may lead to delays or opposition from indigenous groups, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information about Amarc Resources Ltd. investors can consult Amarc’s annual Form 20-F filing with the U.S. Securities and Exchange Commission at www.sec.gov and the home area records available at www.sedarplus.ca.

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