Canarc Closes Flow-Through Financing

Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF)(DBFrankfurt:CAN) announces that it
has closed a CA$400,000 non-brokered flow-through equity financing with one
subscriber. The financing consisted of 5 million units (the "Units") priced at
CA$0.08 each. Each Unit consists of one flow-through common share and one half
of one share purchase warrant. Each warrant entitles the holder to purchase one
additional non-flow-through share at Cdn$0.15 for a two year period. The
warrants and the warrant shares will have no flow-through tax benefits. The
flow-through shares, warrants and warrant shares are subject to a four month
plus one day hold period from July 9, 2014. 


The proceeds of the flow-through financing will be used for drilling at Windfall
Hills Project that is now in progress.


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 1.1 million oz, high grade,
underground, New Polaris gold mine project in British Columbia, to feasibility.
Canarc is also seeking to acquire operating or pre-production gold mines 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. Such forward-looking statements and information herein
include, but are not limited to, statements regarding Canarc's future
performance, including anticipated acquisitions, exploration, development,
production, revenues, cash costs, capital costs, timing and expenditures to
develop new mines and mineralized zones, gold grades and recoveries, and the use
of the Company's working capital. The Company does not intend to, and does not
assume any obligation to update such forward-looking statements or information,
other than as required by applicable law.


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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