Canarc Resource Corp. announced the completion of an airborne geophysical survey over the entire 14,650 hectare Princeton Gold Property, currently under option from Tasca Resources Ltd. and Sydney Wilson. The survey was conducted by Canarc to meet its Phase 1 option requirement to spend a minimum CAD 100,000 prior to January 31, 2019. Results of the survey are anticipated in February from the geophysical contractor Peter E. Walcott and Associates Ltd. Property Summary: Tasca acquired the Princeton Gold Property in September 2016 to further explore 2010 and 2011 discoveries, when 25 of 37 grab samples of float and bedrock quartz vein returned gold values in excess of 1 part per million (ppm or gpt) and 13 of the 25 samples assayed in excess of 10 gpt gold, to a maximum of 66,237 ppb or 66.2 gpt gold. Tasca subsequently completed a fall 2018 excavator trenching program tracing the 2010 and 2011 bedrock quartz veins and boulders over 120 metres along strike. Highlights from the program include: The most significant sample result from this trenching program assayed 217 gpt gold over a 0.9 metre true width. A second sample of the vein three metres away ran 99.7 gpt gold also over a 0.9 metre true width. Two angular quartz float samples assayed 115.5 gpt gold and 108.5 gpt gold. The 2018 trenching program combined with the 2011 surface program has resulted in the collection of 53 in-place or angular quartz vein samples, 38 of which exceeded 1 gpt gold, and 24 of the 38 samples exceeding 10 gpt gold to a maximum of 217 gpt gold. The mineralized vein was traced for 120 metres until overburden exceeded the six-metre reach of the excavator. Since Tasca generated these sample results, Canarc considers them to be historical, as it has not completed sufficient work to independently verify these historic results.