0001654954-20-007359 Sample Contracts

Canarc Resource Corp. Options Lightning Tree Gold Property in Idaho to Minkap Resources Inc.
Letter of Intent • July 6th, 2020 • Canarc Resource Corp • Gold and silver ores

Vancouver, Canada - July 6, 2020 – Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) (“Canarc” or the “Company”) announces that the Company has signed a non-binding letter of intent (the “LOI”) dated July 6, 2020 with Minkap Resources Inc. (“MinKap”) whereby MinKap (TSX-V: KAP) can acquire a 100% undivided interest in the Lightning Tree property (the “Property”) located in Lemhi County, Idaho, USA under a definitive option agreement (the “Agreement”) from Canarc.

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