Amarc Resources Ltd. · TSXV:AHR
Amarc Resources — Investor Presentation (October 2026)
39 slides from Amarc Resources's investor presentation, October 2026
Slide 1: Amarc Resources: Defining the AuRORA Gold-Copper Deposit
Amarc Resources Defining the AuRORA Gold-Copper Deposit Key to the Toodoggone October 2026 TSXV: AHR | OTCQB: AXREF | FSE: AQ5 1
Slide 2: Cautionary and Forward-Looking Statement Information
Cautionary and Forward-Looking Statement Information This presentation includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical facts that address exploration plans and plans for enhanced relationships are forward-looking s
Slide 3: Amarc at a Glance
3 BC Districts, 1,970 KM2 Proximal to Key Infrastructure Amarc Golden Bear Mine AuRORA JOY – AuRORA at a Gold-Copper Deposit Discovery Tier 1 District Potential Kemess South Aley Glance $144 M DUKE Mt. Milligan Freeport-McMoRan & Boliden Earn-in Partner Funding Standout Potential Beyond the $253 M G
Slide 4: Amarc is an Associate of Hunter Dickinson
Amarc is an Niblack Project Primary Commodity Associate of Golden Bear Mine* Kemess Project Copper Hunter Dickinson Pebble South Kemess Mine* Kemess North Deposit Olza Project Gold Project Nugget Deposit Others Milligan Mine HDI is a Globally Successful Mt Milligan Deposit Southern Star Deposit Mine
Slide 5: Amarc Team Leaders >230 Years of Experience
Dr. Diane Nicolson Mark Rebagliati P.Eng. Amarc Team President & CEO • 20+ years of experience leading successful global mineral exploration teams primarily in the Senior Technical Advisor • 40+ years of global exploration experience focused on porphyry deposits Leaders copper-gold space Robert Dick
Slide 6: JOY District
JOY District Gold-Copper-Silver AuRORA Gold-Copper Discovery Emerging as Cornerstone to the Tier 1 Potential of JOY District, the Key to the Toodoggone 630 AuRORA $110 M >$22 M 40% Square Gold-Copper Freeport-McMoRan 2026 Exploration Current Kilometers Discovery Partner Funding Program Interest TSXV
Slide 7: The Toodoggone is BC's Next Golden Triangle
The Toodoggone is BC’s Next Golden Triangle The Question is: Who Will Own the Toodoggone? The Key to the Toodoggone is the JOY District Dease Lake Kutcho 100 Kilometres Saddle TOODOGGONE Region: GOLDEN TRIANGLE TOODOGGONE North Red Chris Ranch Schaft +$4.8 B <$300 M M&A Activity Lawyer Brenda since
Slide 8: Gold-Copper Porphyry Districts are Highly Coveted by Producers
Gold-Copper Porphyry Districts are Highly Coveted by Producers Here is why: Freeport-McMoRan Sales from Mines for 3Q25 by Region1 (per lb of Cu) Note 1: Freeport-McMoRan Note 1: Freeport-McMoRan website https://fcx.com/ website https://fcx.com/ 8
Slide 9: Toodoggone Gold District Potential >30 Moz
Toodoggone (Centerra, AngloGold Ashanti) 5.21 Moz AuEQ3 Drill Program | 2026: 20,000 m5 Potential >30 Moz Ranch Drill Program | 2026: 15,000 m9 Gold District Lawyers NUB Drill Program | 2025: 13,650 m8 BRENDA (Skeena) Shasta Current Past Total AuRORA Company Resource Production Resource PINE (Moz Au
Slide 10: World Class Cu-Au Porphyry Deposits Occur in Clusters and Trends
Cadia 5.5 KM World Class Cu-Au Porphyry Deposits Occur in Red Chris 3 KM Kemess 4 KM Clusters and Trends East 10
Slide 11: JOY Joint Venture District Mineralization
Finlay JOY Joint Pil Option Venture District BRENDA Deposit NUB Two Trends Tenure WHITE TDG ROE PASS NWG Canasil New AuRORA Trend Brenda Option AuRORA Gold-Copper Deposit Discovery PINE Deposit NWG, ROE, WHITE PASS Targets AURORA Deposit MEX CANYON PINE Trend DISCOVERY Legend JOY District Drill Hole
Slide 12: 12 KM Long AuRORA Trend
12 KM Long Finlay Pil Option BRENDA Deposit AuRORA Trend Pil South 2 Kilometres Tenure TDG Reef A NEW Large-Scale Porphyry Trend Identified East of AuRORA WHITE • AuRORA Au-Cu Deposit PASS NWG ROE 4.5 KM2 • 7 KM2 Sulphide System 4.5 KM2 Canasil (Expanded) Brenda Option • Underexplored NWG To Be Surv
Slide 13: AuRORA Gold-Copper Deposit
AuRORA Gold-Copper Deposit High Grade Near Surface, Excellent Continuity, Open to Expansion Looking Southeast Looking Northwest ROE ROE Road Access Deposit Deposit Area Area Drilled Drilled (as of 2025) NWG Target Sulphide System Area NWG Target Sulphide System Area Road Access 13
Slide 14: TDG Tenure / Northwest New Zone
Finlay Pil Option Northwest New Zone Gossan (NWG) AuRORA Porphyry TDG Tenure Au-Cu-Ag Discovery ROE Hosts AuRORA Canasil • Current Focus: AuRORA Brenda Option1 Expansion Drilling, Drilling the Balance of NWG Sulphide Discovery New Zone Hole 57 System Legend • Expanded Property to Protect AuRORA Dril
Slide 15: AuRORA Deposit Discovery Tier 1 District Potential
TDG Tenure New Zone AuRORA OPEN 300 Metres Deposit Discovery OPEN OPEN Tier 1 District Potential Cross Section 7900 N • High Grade Near Surface, Continuous Mineralization OPEN Legend • 2025 Focus Deposit Step-Out Au Mineralization Cu Mineralization Delineation Drilling OPEN 57 AuRORA Drill Hole 20 m
Slide 16: Cross Section 7900 N – AuRORA – Looking North
Cross Section 7900 N – AuRORA – Looking North West East AuRORA 77 68 93 Gold- 73 63 60 107 75 Copper OPEN Deposit 41 m of 0.41% Cu, 0.89 g/t Au, 4.8 g/t Ag 192 m of 0.25% Cu, 0.52 g/t Au, 2.6 g/t Ag 2025 Step-Out Drilling Continued to Discover More Legend Au g/t 0.15 Cu % 0.15 Au g/t Near Surface Re
Slide 17: Long Section – Looking Northeast
Long Section – Looking Northeast NW SE 98 112 115 79 96 82 86 75 AuRORA 119 109 91 89 83 Gold- Copper OPEN Deposit 311 m 2025 Step-Out Drilling Continued to Discover More Legend Au g/t 0.15 Cu % 0.15 Au g/t Near Surface Reference Lines Cu % 200 M AuROAR Open-Ended Drill Hole Mineralization 17
Slide 18: AuRORA Mineralization
Au g/t AuRORA TUFF QSP 108 m Mineralization 3.1 g/t Au INTR POTASSIC QSP 9.0 g/t Ag Continuous High Grade Intercepts1 57 m High Au grades are NOT STRONGLY ALTERED POTASSIC ~4:1 2.4-8.0 g/t being carried by a few high Au numbers 9.5 g/t Ag Most discovery holes exhibit similar grade continuity 1. Hole
Slide 19: 12 KM AuRORA Trend
12 KM AuRORA Trend Extending East from the AuRORA Gold-Copper Deposit AuRORA Brenda NORTHWEST NEW ROE WHITE GOSSAN (NWG) TARGET PASS 19
Slide 20: 10 KM PINE Trend
10 KM PINE Trend • District Scale PINE, CANYON, TWINS Porphyry Cu-Au Sulphide Systems • Geological setting like Kemess, Red Chris, KSM and Saddle North PINE DEPOSIT CANYON TWINS 6 KM2 Sulphide System 5 KM2 Sulphide System 8.5 KM2 Sulphide System • Historical Deposit • Cu-Au Deposit Discovery • Stron
Slide 21: PINE Deposit
PINE Deposit Drilling Suggests Large Volumes of Au-Cu Mineralization PINE TARGET 6 KM2 MINERALIZED FOOTPRINT OUTLINED BY 14 MV/V CHARGEABILITY ANOMALY 2,600 M Mineralized Trend 1,700 M PINE Deposit Surface A C D F Surface G J G I A I H L E 600 m D E F B C M H J K B A 2022 Results1 2021 Results1 2024
Slide 22: TWINS Discovery Mineralization
TWINS Discovery Porphyry Au-Cu System Discovered Beneath 8.5 KM2 Au Bearing Lithocap 8.5 KM2 TWINS Sulphide System Legend A Section Looking Northwest A’ Legend 57 Drill Hole 106 Au g/t Cu % 67 m of 0.19 g/t Au, A - A’ 210 m of 0.14 g/t Au, Cross Section 0.03% Cu, 0.4 g/t Ag 51 113 Reference Lines 0.
Slide 23: CANYON Discovery Mineralization
CANYON Discovery Porphyry Cu-Au System Discovered Beneath 5 KM2 Au Bearing Lithocap 5 KM2 CANYON Sulphide System B Section Looking Northwest B’ Surface 36 46 43 30 42 195 m of 0.14% Cu, 0.09 g/t Au, 2.3 g/t Ag 46 59 m of 0.05% Cu, PIN09-14 42 0.18 g/t Au 57 m of 0.12% Cu, 265 m of 0.11% Cu, 0.08 g/t
Slide 24: JOY District Consolidating the Toodoggone
JOY District (Centerra, AngloGold Ashanti) stands as the key Consolidating Drill Program | 2026: 20,000 m5 to the Toodoggone Ranch AuRORA Deposit Drill Program | 2026: 15,000 m9 • Potentially One of BC’s Highest Grade Au-Cu-Ag Porphyry Discoveries Lawyers NUB Drill Program | 2025: 13,650 m8 • Rare C
Slide 25: DUKE District
DUKE District Copper-Molybdenum-Gold-Silver Duke Deposit Situated in Central BC’s Prolific Copper-Gold Babine Region with Key Infrastructure 808 $34 M $4 M 38.7% Square Completed Boliden 2026 Exploration Current Kilometers Partner Funding Program Interest TSXV: AHR | OTCQB: AXREF | FSE: AQ5
Slide 26: DUKE District
Takla Landing Legend DUKE District DUKE Deposit Deposit target Joint Venture Hearne Deposit DUKE Fort Babine Amarc/Boliden Claim Outline Town Highways District Gravel Roads NAK Ferry American Eagle South32/Teck DUKE Deposit Railway Hydro Power Transmission Line Morrison Pipeline (Pacific Northern Ga
Slide 27: DUKE Deposit
93 m of 0.29% CuEQ1 DUKE Legend DUKE JV Drill Hole Historical Drill Hole Deposit Faults 4 30 m of 0.47% CuEQ IP Chargeability (mV/V)* 38,39 70 208 m of 0.26% CuEQ 41 DUKE 84 m at 0.16% 126 m of 0.52% CuEQ 40 CuEQ Drilling has Offset 12 within 542 m of 0.33% CuEQ 15 93 85 69 m of 0.28% 94 Discovered,
Slide 28: IKE District
IKE District Copper ± Gold Situated for Success in South-Central BC with Key Infrastructure 532 2 100% Square Deposits Current Kilometers Interest TSXV: AHR | OTCQB: AXREF | FSE: AQ5
Slide 29: IKE District
To Prince George Gibraltar Horsefly IKE Alexis Creek Williams Lake 50 KM District To Bella Coola Hanceville Clearwater 100 Mile House One of the Most Yellowhead Prolifically New Prosperity Mineralized Regions in British Columbia Blackdome Clinton Industrial-scale Empress Maggie IKE Infrastructure Ca
Slide 30: IKE District: IKE and Empress Deposits
IKE District Interior Plateau IKE and Empress Deposits Coast Range IKE Empress East • Large-scale Cu-Mo-Ag Empress Deposit • 26 holes (15,500 m) Empress IKE • Cu-Au Historical Deposit IKE Mineralized • 9 holes (1,873 m) System1 • 27 Holes Relogged • 23 Holes Re-assayed District 3.0 KM Legend • Geoch
Slide 31: EMPRESS Deposit and EMPRESS EAST
EMPRESS Deposit and EMPRESS EAST Higher Grade Drill Intercepts Indicate Significant Expansion Potential A A’ Gold Enrichment Along CPC Boundary Empress Empress Gap Empress East OPEN Target Zone Potential for Major Discovery Surface Volcanics Intrusives Legend Coast Plutonic Complex Au g/t Cu % Refer
Slide 32: Appendices
Appendices TSXV: AHR | OTCQB: AXREF | FSE: AQ5 32
Slide 33: Capital Structure and Coverage
Ownership Capital Sutton Group 17% Structure and Retail Management Coverage 53% 17% Institutional Investors $22.5 M Cash and Equivalents 13% $250 M Market Capitalization Analyst Coverage: 246 M Shares Outstanding Institutional Investors: Fully Diluted Shares 251 M Outstanding 33
Slide 34: References and Advisories
References and Advisories TSXV: AHR | OTCQB: AXREF | FSE: AQ5
Slide 35: North America's Heartland for Copper-Gold Porphyries
North America’s Heartland for Copper-Gold Porphyries Resources at Select BC Porphyry Copper Mines, Past Producers & Projects1 Name Category Million Tonnes Cu % Au g/t Mo % Ag g/t Indicated UG 670 0.46 0.40 Red Chris A Indicated OP 240 0.30 0.36 Measured 425.7 0.44 0.29 4.1 GaloreO Indicated 771.2 0.
Slide 36: North America's Heartland for Cu-Au Porphyries & Related Deposits
North America’s Heartland for Cu-Au Porphyries & Related Deposits Resources at Toodoggone Porphyry & Epithermal Projects Deposit Category k Tonnes Au (g/t) Cu (%) Ag (g/t) AuEQ Cont Au (koz) Cont Cu (klb) Cont Ag (koz) AuEQ (koz) Indicated Main OP 170,513 0.30 0.15 1.12 1,668 575 6,155 Indicated Sou
Slide 37: References for BC Porphyry Copper & Related Deposits
North America’s Heartland for Copper-Gold Porphyries References for BC Porphyry Copper & Related Deposits - Mines & Projects A. Red Chris Mine Indicated Resources OP 240 Mt at 0.30 g/t Au, 0.36% Cu at NSR C$16.10/t milled cutoff & UG 670 Mt at 0.46 g/t Au, 0.40% Cu at NSR 21.00/t milled cutoff; Newc
Slide 38: References and Advisories Continued
References and Advisories Continued Notes to Drill Hole Results: 1. Widths reported are drill widths, such that true thicknesses are unknown. 2. All assay intervals represent length-weighted averages. 3. Some figures may not sum exactly due to rounding. Notes to Toodoggone Slide: 1. Kemess – Centerr
Slide 39: Amarc's Responsible Mineral Development Policy
AMARC’S RESPONSIBLE MINERAL DEVELOPMENT POLICY We operate in a responsible manner so that our activities protect the health and safety of our employees and contractors, and of the communities in which we work. Amarc Resources Ltd. 14th Floor, 1040 W. Georgia St., Vancouver, BC Canada V6E 4H1 Dr. Dia
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