Canarc Provides Additional Information Regarding TSX Continued Listing Review

Canarc Resource Corp. (the "Company") (TSX:CCM)(OTCBB:CRCUF)(DBFrankfurt:CAN)
wishes to provide additional information regarding the continued listing review
being conducted by the Toronto Stock Exchange (the "TSX").


The TSX has advised the Company that in order to maintain the listing of the
common shares of the Company on the TSX, the Company must meet the TSX
requirements with respect to property expenditures. The TSX has granted the
Company extensions with respect to this requirement and will be assessing the
Company's progress with respect to the requirement in 30 days. 


The Company plans to shortly begin and complete by August 30, 2014 a drilling
program on its Windfall Hills property as previously announced in its June 27,
2014 news release. The Company expects that the completion of the drilling
program will satisfy the TSX requirement with respect to property expenditures
and will allow the TSX to successfully complete the continued listing review.


Catalin Chiloflischi, CEO 

CANARC RESOURCE CORP.

About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and
mining company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is
currently seeking a partner to advance its core asset, the 1.1 million oz, high
grade, underground, New Polaris gold mine project in British Columbia, to
feasibility. Canarc is also seeking to acquire an operating or pre-production
gold mine in the Americas. 


Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of
the United States private securities litigation reform act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities legislation. Statements contained in this news release that are not
historical facts are forward-looking information that involves known and unknown
risks and uncertainties. Forward-looking statements in this news release
include, but are not limited to, statements with respect to the Company's plans
and goals, the Windfall Hills drilling program, the successful completion of the
TSX continued listing review, the ability of the Company to maintain the listing
of its common shares on the TSX, and the merits of the mineral properties of
Company. In certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is expected",
"potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at
least", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or
results "will", "may", "could", "would", "should", "might" or "will be taken",
"occur" or "be achieved".


Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such risks
and other factors include, among others, risks related to the Company's ability
to negotiate a definitive agreement with Pan American and complete the proposed
transaction; the Company's ability to maintain the listing of its common shares
on the TSX; uncertainties inherent in the estimation of mineral resources;
commodity prices; changes in general economic conditions; market sentiment;
currency exchange rates; the Company's ability to continue as a going concern;
the Company's ability to raise funds through equity financings; risks inherent
in mineral exploration; risks related to operations in foreign countries; future
prices of metals; failure of equipment or processes to operate as anticipated;
accidents, labor disputes and other risks of the mining industry; delays in
obtaining governmental approvals; government regulation of mining operations;
environmental risks; title disputes or claims; limitations on insurance coverage
and the timing and possible outcome of litigation. Although the Company has
attempted to identify important factors that could affect the Company and may
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, do not place undue reliance on
forward-looking statements. All statements are made as of the date of this news
release and the Company is under no obligation to update or alter any
forward-looking statements except as required under applicable securities laws.


Forward-looking statements are based on assumptions that the Company believes to
be reasonable, including expectations regarding the ability of the Company to
negotiate a definitive agreement with Pan American and complete the proposed
transaction; the ability of the Company to maintain the listing of its common
shares on the TSX; the merits of the mineral properties of the Company; the
accuracy of the mineral resource estimates of the Company; mineral exploration
and development costs; expected trends in mineral prices and currency exchange
rates; that the Company's activities will be in accordance with the Company's
public statements and stated goals; that there will be no material adverse
change affecting the Company or its properties; that all required approvals will
be obtained and that there will be no significant disruptions affecting the
Company or its properties.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canarc Resource Corp.
Catalin Chiloflischi
CEO
Toll Free: 1-877-684-9700 Tel: (604) 685-9700
(604) 685-9744 (FAX)
info@canarc.net
www.canarc.net
Canagold Resources (TSX:CCM)
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