Slide 1: Amarc Resources Ltd. – Newton and Galileo Gold (± Copper) Projects
Amarc Resources Ltd. Newton and Galileo Gold (± Copper) Projects British Columbia January 2012
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 drilling, exploitation activities and other related events or de
Slide 3: Major BC Gold Deposits
Major BC Gold BRITISH COLUMBIA Gikemess A _Prince Rup arm a 075 Legend arrc as f NEWTON P' B Gold Deposit VE — Highway 199 200 Km 100 200 Miles
Slide 4: Major BC Gold Mines and Resources
Major BC Gold Mines and Resources1 Deposit Name Project Type Gold Moz (Prod + Res2) Deposit Type Kerr-Sulphurets-Mitchell (KSM)3 Potential Development 49.36 Porphyry New Prosperity4 Potential Development 13.30 Porphyry Kemess Past Producer/Potential Development 7.54 Porphyry Mt. Milligan5 Constructi
Slide 5: BC – A Resource Development Province
BC – A Resource Development Province Premier Christy Clark expresses strong support for mining and BC’s resources sector. “The province is committed to eight new mines and the expansion of another nine mines currently in operation in BC by 2015. This growth is anticipated to generate an increase of
Slide 6: Amarc – A Leader in Responsible Mineral Development
Amarc – A Leader in Responsible Mineral Development Amarc is Working to Optimize Project Benefits for Local Communities and Incorporate the Highest Quality of Environmental Management Comprehensive Government and local First Nations consultation Dedicated communications and engagement with local
Slide 7: Newton and Galileo Projects – Location and Infrastructure
Newton and Galileo Projects – Location and Infrastructure 7
Slide 8: South Central BC – A Prolific Mining Region
South Central BC – A Prolific Mining Region Blackwater – New Gold Category Size Grade Contained Metal (0.30 g/t Au Cut-Off) M Tonnes Au (g/t) Ag (g/t) Cu (%) Mo(%) Au (M oz) Ag (M oz) Cu (B lb) Indicated Resource 184 0.94 4.9 5.6 29.0 Inferred Resource 43 0.88 4.7 1.2 6.5 Capoose – New Gold Category
Slide 9: Newton – Activity Summary
Newton – Activity Summary Discovery and Advancement of the Newton Gold Deposit 1971 - 2006 Periodic exploration activities including 31 wide-spaced drill holes August 2009 Amarc signs Option & Joint Venture Agreement with Newton Gold Corp January 2010 Amarc drills 14 holes and makes Newton gol
Slide 10: Newton – District Geology
Newton — District Geology NEWTON DISCOVERY D] Taseko 100% wa N as 10 Kilometres PR Amarc 80% Newton Gold >» Corp. 20% SS 4 Legend IP-GEOCHEM Cu-Mo PORPHYRY DRILL TARGETS == 2010 GRID SURVEYS 2041 GRID SURVEYS © MAJOR SULPHIDE SYSTEM ke NEWTON DISCOVERY * INTRUSIVE ROCKS IE Feldspar Porphyry / Granod
Slide 11: Bulk Tonnage Gold Discovery – View Looking South
Newton – Bulk Tonnage Gold Discovery E Discovery Drilling W View Looking South 11
Slide 12: Newton – Wide-Spaced Exploration Drilling of Major Sulphide System
Newton – Wide-Spaced Exploration Drilling of Major Sulphide System 12
Slide 13: Newton – Comparison of IP Chargeability Anomalies
Newton – Comparison of IP Chargeability Anomalies Newton Prosperity Hole 40 30 m @ 1.04 g/t Au 102 m @ 0.55 g/t Au Blackwater* Mt. Milligan * Modified from Stone Cap Securities, Richfield Venture Corp., Blackwater’s Golden Shimmer Coverage, February 2011. 13
Slide 14: Newton – Drill Hole Plan
Newton — Drill Hole Plan 5 e Legend © Hole Released 5 @ Hole in Progress 2. e ot ae © Important Au Intersection e e O © No Aulntersection © 92-03 5 e 27 ° e, 23 eo. 05 e ©, e ° ro) 19 A 2 “06-02 18 ° : . a 8 2 e @ 9 ws ecSsc cu 2 % 61 44 4046 06-03 Q eee 8 8 o98 ®& of 2H 8 SB 06-11 © @o 9 @ e 92-04
Slide 15: Newton – Important Gold Intersections
Newton – Important Gold Intersections Drill Hole ID Incl. From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEQ1 (g/t) 22.0 150.0 128.0 0.25 NA 0.25 82-04 incl. 116.4 134.7 18.3 0.51 NA 0.51 92-03 36.0 90.0 54.0 0.50 NA 0.50 10.0 130.0 120.0 0.42 NA 0.42 incl. 14.0 74.0 60.0 0.69 NA 0.69 92-04 and 14.
Slide 16: Newton – Important Gold Intersections
Newton – Important Gold Intersections Drill Hole ID Incl. From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEQ1 (g/t) 9001 441.0 477.0 36.0 0.34 0.6 0.35 222.0 255.2 33.2 0.96 2.8 1.01 9002 incl. 234.0 252.0 18.0 1.10 3.3 1.15 3.0 224.5 221.5 0.60 5.6 0.69 incl. 18.0 39.0 21.0 0.71 2.3 0.75 9003 incl
Slide 17: Newton – Important Gold Intersections
Newton – Important Gold Intersections Drill Hole ID Incl. From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEQ1 (g/t) 48.0 252.0 204.0 0.33 4.5 0.41 incl. 48.0 66.0 18.0 0.49 1.9 0.52 9007 incl. 135.0 216.0 81.0 0.46 8.0 0.59 and 183.0 216.0 33.0 0.62 13.4 0.84 18.0 42.0 24.0 0.44 6.4 0.55 9008 123.7
Slide 18: Newton – Important Gold Intersections
Newton – Important Gold Intersections Drill Hole ID Incl. From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEQ1 (g/t) 54.0 60.0 6.0 0.47 0.8 0.49 10018 141.0 150.0 9.0 0.45 2.6 0.49 33.0 42.0 9.0 0.21 4.7 0.29 10019 321.2 393.0 71.8 0.48 1.9 0.51 18.0 156.0 138.0 0.46 4.1 0.53 incl. 63.0 98.7 35.7 0.
Slide 19: Newton – Important Gold Intersections
Newton – Important Gold Intersections Drill Hole ID Incl. From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEQ1 (g/t) 15.4 171.0 155.6 0.58 2.9 0.63 11040 incl. 15.4 42.0 26.6 1.12 4.2 1.19 incl. 69.0 108.0 39.0 0.71 3.6 0.77 56.4 350.0 293.6 0.61 2.3 0.65 incl. 56.4 204.0 147.6 0.73 3.1 0.79 11044 a
Slide 20: Newton and Blackwater – Comparison of Mineralized Host Rocks
Newton and Blackwater – Comparison of Mineralized Host Rocks Newton Host Rocks Blackwater Host Rocks 8.64 g/t Au 1.51 1.51 g/t g/t Au Au 1.36 g/t Au 4.7 g/t Au 4.7 g/t Au 20
Slide 21: Blackwater – Resource Plan
Blackwater – Resource Plan* Blackwater Deposit * March 2, 2011 Technical Report prepared for New Gold Inc. and Silver Quest Resources Ltd. by GeoSim Services Inc. 21
Slide 22: Blackwater – Gold Block Grade Distribution, Section 5892800N
Blackwater – Gold Block Grade Distribution, Section 5892800N* * March 2, 2011 Technical Report prepared for New Gold Inc. and Silver Quest Resources Ltd. by GeoSim Services Inc. 22
Slide 23: Blackwater – Gold Block Grade Distribution, Section 5892850N
Blackwater – Gold Block Grade Distribution, Section 5892850N* * March 2, 2011 Technical Report prepared for New Gold Inc. and Silver Quest Resources Ltd. by GeoSim Services Inc. 23
Slide 24: Blackwater – Resource Estimate
Blackwater – Resource Estimate* Indicated Inferred Grade Grade Cut-off g/t Gold Tonnes Contained Tonnes Contained 000's Gold (Moz) 000's Gold (Moz) Gold (g/t) Silver (g/t) Gold (g/t) Silver (g/t) 0.30 183,726 0.94 4.9 5.56 42,604 0.88 4.7 1.21 0.40 165,155 1.01 5.1 5.35 38,759 0.94 4.8 1.17 0.50 137
Slide 25: Galileo – Location & Infrastructure
Galileo – Location & Infrastructure 25
Slide 26: Blackwater District – Mineral Claims
Blackwater District – Mineral Claims 26
Slide 27: Galileo – Activity Summary
Galileo – Activity Summary Advancement of Galileo Early 2010 Review of the Blackwater district Claim staking completed January 2011 Airborne Magnetic – EM geophysical survey completed Several deposit scale targets identified July 2011 Field-based IP surveys of targets commences October 2011
Slide 28: Galileo – Initial IP Surveys Have Outlined Five Major Sulphide Systems
Galileo – Initial IP Surveys Have Outlined Five Major Sulphide Systems 28
Slide 29: Galileo – IP Chargeability Target 1
Galileo – IP Chargeability Target 1 29
Slide 30: Galileo – IP Chargeability Target 2
Galileo – IP Chargeability Target 2 30
Slide 31: Galileo – IP Chargeability Target 3
Galileo – IP Chargeability Target 3 31
Slide 32: Galileo – IP Chargeability Target 4
Galileo – IP Chargeability Target 4 32
Slide 33: Galileo – IP Chargeability Target 5
Galileo – IP Chargeability Target 5 33
Slide 34: Galileo – Comparison of IP Chargeability Anomalies
Galileo – Comparison of IP Chargeability Anomalies Newton Target 2 Blackwater Resource Outline 0.30 g/t Au Target 3 Target 4 34
Slide 35: Hubble – IP Survey Has Outlined a Major Sulphide System
Hubble – IP Survey Has Outlined a Major Sulphide System 3km2 Sulphide System 35
Slide 36: Hubble – IP Chargeability Target
Hubble – IP Chargeability Target 36
Slide 37: Hubble – Comparison of IP Chargeability Anomalies
Hubble – Comparison of IP Chargeability Anomalies Newton Hubble Blackwater 5 Million oz Resource Outline 0.30 g/t Au Galileo Galileo Target 3 Target 4 37
Slide 38: Capital Structure
Capital Structure Listed TSXV: AHR OTCBB: AXREF Shares Issued 102.7 million Shares Fully Diluted 108.5 million Management Owns ~ 20% Working Capital $3.0 million 38
Slide 39: Amarc Team – A Unique Track Record of Success
Amarc Team – A Unique Track Record of Success Robert Dickinson Ronald W. Thiessen (Executive Chairman) (President , CEO and Director) Bob Dickinson is an economic geologist and mining Ron Thiessen is a chartered accountant who, since executive who has been active in mineral exploration the 1980s, ha
Slide 40: Amarc Key Advisors
Amarc Key Advisors Mark Rebagliati Sean Magee (Executive Vice President, Exploration) (Executive VP Strategic Communications Mark Rebagliati is a senior exploration geologist who and Public Affairs) has been directly involved in several significant Sean Magee is a former journalist, speechwriter, mi
Slide 41: Appendices
Appendices 41
Slide 42: HDI – A Leading Explorer, Developer & Operator in BC
HDI – A Leading Explorer, Developer & Operator in BC Hunter Dickinson Inc. has been successfully exploring, developing and operating mines in BC for over 25 years Taseko Mines Limited Gibraltar Cu-Mo Mine New Prosperity Au-Cu Project Aley Niobium Project Harmony Gold Project Amarc Resour
Slide 43: South-Central BC – An Underexplored Region
South-Central BC – An Underexplored Region Adapted from Massey (2006) 43
Slide 44: Newton – District Geology
Newton — District Geology NEWTON DISCOVERY D] Taseko 100% wa N as 10 Kilometres PR Amarc 80% Newton Gold >» Corp. 20% SS 4 Legend IP-GEOCHEM Cu-Mo PORPHYRY DRILL TARGETS == 2010 GRID SURVEYS 2041 GRID SURVEYS © MAJOR SULPHIDE SYSTEM ke NEWTON DISCOVERY * INTRUSIVE ROCKS IE Feldspar Porphyry / Granod
Slide 45: Newton – 2011 Drill Core
Newton – 2011 Drill Core 45
Slide 46: Newton – 2011 Drill Core
Newton – 2011 Drill Core 46
Slide 47: Newton – 2011 Drill Core
Newton – 2011 Drill Core 47
Slide 48: Newton – 2011 Drill Core
Newton – 2011 Drill Core 48
Slide 49: Newton – 2011 Drill Core
Newton – 2011 Drill Core 49
Slide 50: Newton – 2011 Drill Core
Newton — 2011 Drill Core NOTES N-1lo42 40.20m MERC eee War ge Mineral Exploration Research Centre eye SS
Slide 51: Newton – 2011 Drill Core
Newton — 2011 Drill Core Nie | ZS4m MERC Mineral Exploration Research Centre 51
Slide 52: Newton – 2011 Drill Core
Newton — 2011 Drill Core wio4, | Mineral Exploration Research Centre
Slide 53: Newton – 2011 Drill Core
Newton — 2011 Drill Core NOTES NiNO4FZ | Aotm - MERC Minoral Exploration Research Centre
Slide 54: Newton – 2011 Drill Core
Newton – 2011 Drill Core 54
Slide 55: Newton – 2011 Drill Core
Newton – 2011 Drill Core 55
Slide 56: Property – AERIS Copper-Molybdenum Porphyry Target
Newton Property – AERIS Copper-Molybdenum Porphyry Target Copper-Molybdenum Multi-element Soil Anomaly IP Anomaly 3 km by 2 km Open to Expansion 56
Slide 57: Property – ESPERANZA Molybdenum-Copper Porphyry Target
Newton Property – ESPERANZA Molybdenum-Copper Porphyry Target Open Molybdenum-Copper Anomaly Extends 1.5 km North Molybdenum-Copper Multi-element Soil Anomaly IP Anomaly 1.5 km by 1.5 km 57
Slide 58: Galileo – Regional Geology
Galileo – Regional Geology 58
Slide 59: Blackwater District – First Mover M&A Activity
Blackwater District – First Mover M&A Activity June 1, 2011 New Gold acquires 75% of the Blackwater deposit from Richfield Ventures: Approx. 4 M oz gold Deal value $550 million October 17, 2011 New Gold acquires Geo Minerals Deal value $17 million November 7, 2011 New Gold agrees to acquire Si
Slide 60: Blackwater – Resource Plan Outline September 2011
Blackwater – Resource Plan Outline September 2011* *Source: New Gold website 60
Slide 61: Contact Information Investor Relations
Contact Information Investor Relations 15th Floor Phone: 604-684-6365 1040 West Georgia Street Fax: 604-684-8092 Vancouver, BC TF: 1-800-667-2114 Canada V6E 4H1 Email: info@hdimining.com Website: www.amarcresources.com 61