|July 13, 2011|
Newton Joint Venture Agreement Executed
|July 13, 2011 - Vancouver, BC -- Amarc Resources Ltd. ("Amarc") (TSX.V: AHR; OTCBB: AXREF) and Newton Gold Corp. ("Newton Gold")(TSX.V:NWG) are pleased to announce that the companies have entered into a Joint Venture Agreement ("JV Agreement") to further explore the Newton property, located in south-central British Columbia. Amarc has earned an 80% interest in an expanded Newton property by funding $5 million dollars in exploration expenditures. |
The companies have also agreed to incorporate adjacent mineral claims into the JV Agreement, resulting in a project area totaling 284 mineral claims and approximately 1,480 square kilometres. A property location map is posted on Amarc's website at http://www.amarcresources.com/ahr/MapsFigures.asp. Amarc will continue to be the operator of the property.
The Newton Joint Venture property holds significant potential for the discovery and development of epithermal gold and gold-copper porphyry type deposits. It is located some 100 kilometres southwest of the City of Williams Lake in a region characterized by subdued topography favourable for development. The district is well-served by existing transportation and power infrastructure and a skilled workforce, which support a number of operating mines and late-stage development projects in the region.
Amarc Resources Ltd. is a Vancouver-based exploration and development company affiliated with Hunter Dickinson Inc. (HDI) -- a diversified, global mine development company with a 25-year history of mineral development success. Previous HDI projects in BC include Golden Bear, Mt. Milligan, Kemess, Gibraltar, Prosperity and Harmony. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties to provide consistently superior returns to shareholders.
Newton Gold Corp. is a British Columbia focused exploration company with two advanced exploration projects. The Company has an experienced management team with a growth strategy to develop a diversified portfolio of mining projects that can be taken into production. The company's main objective is to add shareholder value through efficient exploration, strategic acquisitions and joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management.
ON BEHALF OF THE BOARDS
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