Amarc Resources Announces Preliminary 2026 Budget to Significantly Advance Copper-Gold Discoveries at Joy District

About this update from Amarc Resources Ltd.

VANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR) (FSE:AQ5) (OTCQB:AXREF) announces that it expects a preliminary budget of approximately $15 million for the 2026 exploration program to be focused on unlocking the Tier-1 potential of the JOY Copper-Gold District ("JOY" or "JOY District) in British Columbia's ("BC") Toodoggone Region. The program will be fully funded by Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc., through AuRORA Minerals Ltd. ("AML") the private joint venture corporation in which Freeport currently owns a 60% and Amarc a 40% shareholder's interest (see Amarc release September 4, 2025). Having earned an initial 60% interest in AML by funding expenditures of $35 million under an accelerated timeframe, Freeport has exercised its right to earn an additional 10% in AML by investing a further $75 million. Amarc is the primary contractor managing AML's exploration programs at JOY. Detailed plans are currently being finalized with mobilization expected in June. AML 2026 Program and Budget Highlights A 70-person camp will be mobilized to JOY to support three drill rigs, two helicopters and survey crews that will be continuously deployed throughout the field season; Drilling will initially focus on step out drilling to determine the full size of the high grade near surface AuRORA Cu-Au-Ag Deposit ("AuRORA"), which currently extends over 1.4 km by 0.8 km and remains wide open to expansion (see Figure 1 and Amarc release January 23, 2026); A second focus will be continued drilling of the TWINS Cu-Au Discovery within a highly prospective and extensive 8.5 km2 sulphide system located approximately 17 km south of AuRORA and on the 10 km long PINE Porphyry Trend, which also includes the PINE Deposit and the Canyon Discovery (see Figure 2, and Amarc release February 19, 2026); Drill testing of two porphyry Cu-Au deposit targets identified by Finlay Minerals Ltd. ("Finlay") (and extrapolated from Amarc's January 23, 2026 release) located 1,500 m northeast of the AuRORA Deposit on mineral claims within the PIL area of common interest ("AOI") (see below, and Figure 3), which is an additional mineral property interest being earned into by the AML joint venture; Further geological, geochemical, and geophysical surveys to be completed ac...

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