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Canarc Resource Corp. NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico

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Canarc Resource Corp. NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico Canarc Resource Corp. NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico Effective Date: January 19th, 2016 Report Date: February 4th, 2016 1 Canarc Resource Corp. NI 43-101 Technical Report for the El Compas Project Zacatecas State, Mexico February 2016 Prepared for: Canarc Resource Corp. #301-700 West Pender Street Vancouver, BC V6C 1G8 Prepared By: John Michael Collins, P.Geo. Neil Schunke, P.Eng. Sean Butler, P.Geo. Lisa Bascombe, MAIG Frank Wright, P.Eng. Effective Date: January 19th, 2016 Report Date: February 4th, 2016 2 Document Control Information Canarc Resource Corp. REVISION NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico No. DATE February 2016 0 02/04/2016 Revision Tracking Revision: Prepared By: Reviewed By: Issued For: Approved By: Date: Signature: S Butler, M Collins, F 0 Wright, L J Bothwell FV N Schunke 02/04/2016 Bascombe, N Schunke Issued for: Review and Comment (RC), Information Only (IO), Implementation (IM), Final Version (FV). Cover photo is a view of the La Plata processing facility 3 CERTIFICATES CERTIFICATE OF AUTHOR I, John Michael William Collins, P.Geo., do hereby certify that: 1. I am currently employed as Manager North America by Mining Plus Canada Consulting Ltd., 440 - 580 Hornby St., Vancouver, BC, Canada. 2. This certificate applies to the Technical Report titled “Canarc Resource Corp., NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico” with effective date January 19th, 2016 (the “Technical Report”). 3. I am a graduate of the University of Dalhousie and received a Bachelor of Science degree with Honours in Earth Sciences in 1996. 4. I am a Registered Professional Geologist in the provinces of Ontario (No. 0828) and British Columbia, Canada (No. 38766). 5. I have worked in exploration geology and project management for 15 years. I have worked as a consulting geologist for companies for 11 years and for Mining Plus Canada Consulting Ltd. for 3 years. 6. I visited the El Compas Property on October 19th, 2015. 7. I am responsible for Sections 2-12, 18, 20 and parts of Sections 1 and 25-27 related to exploration and mineral resources of the Technical Report. 8. I am independent of Canarc Resource Corp. applying all of the tests in section 1.5 of NI 43- 101. 9. I have no prior involvement with the property that is the subject of this Technical Report. 10. I have read NI 43-101 and Form 43-101F1, and the Technical Report has been prepared in compliance with that instrument and form. 11. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information required to be disclosed to make the report not misleading. 12. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101. 13. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Dated February 4th, 2016. “Signed and Sealed” John Michael William Collins P.Geo. 4 CERTIFICATE OF AUTHOR I, Neil Schunke, MAusIMM (CP Mining), P.Eng., do hereby certify that: 1. I am currently employed as a Principal Mining Consultant by Mining Plus Canada Consulting Ltd., Suite 440 - 580 Hornby Street, Vancouver BC V6C 3B6. 2. This certificate applies to the Technical Report titled “Canarc Resource Corp., NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico” with effective date January 19th, 2016 (the “Technical Report”). 3. I graduated in 2000 from the University of South Australia with a Bachelor of Engineering (Mining) degree and a Bachelor of Science (Applied Geology) degree. 4. I am a member in good standing of the AusIMM (Member No. 113025) holding accreditation as Chartered Professional (Mining) and the Association of Professional Engineers and Geoscientists of British Columbia, Canada, Professional Engineer (No. 42320). 5. I have practiced in my profession for 15 years in the areas of underground production mining and consulting. 6. I visited the El Compas Property on October 19, 2015. 7. I am responsible for Sections, 15-16, 18-19, 21-22 and parts of Sections 1 and 25-26 related to mining engineering, infrastructure and economics of the Technical Report. 8. I am independent of Canarc Resource Corp. applying all of the tests in section 1.5 of NI 43-101. 9. I have no prior involvement with the property that is the subject of this Technical Report. 10. I have read NI 43-101 and Form 43-101F1, and the Technical Report has been prepared in compliance with that instrument and form. 11. As of the effective date of the Technical Report, to the best of my knowledge and information the Technical Report contains all scientific and technical information required to be disclosed to make the report not misleading. 12. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43- 101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be a “qualified person” for the purposes of NI 43-101. 13. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Dated February 4th, 2016 “Signed and Sealed” Neil Schunke, MAusIMM, P.Eng. 5 CERTIFICATE OF AUTHOR I Sean P. Butler, P.Geo., do hereby certify that: 1. I am currently employed as a Senior Geology Consultant by Mining Plus Canada Consulting Ltd., Suite 440 - 580 Hornby St., Vancouver, BC, V6C 3B6. 2. This certificate applies to the Technical Report titled “Canarc Resource Corp., NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico” with effective date January 19th, 2016 (the “Technical Report”). 3. I am a graduate with a Bachelor of Science, in Geology from the University of British Columbia in 1982. 4. My professional affiliation is member of the Association of Professional Engineers and Geoscientists of British Columbia, Canada, Professional Geoscientist (No. 19,233). 5. I have been professionally active in the mining industry for approximately 25 years since graduation from university. I have worked extensively exploring for both base and precious metals from early stage programs up to advanced underground exploration and mining. 6. I have not visited the El Compas property. 7. I am responsible for Sections 2-12, 15, 20, 23-24 and parts of Sections 26-27 related to geology of the Technical Report. 8. I am independent of Canarc Resource Corp. applying all of the tests in section 1.5 of NI 43-101. 9. I have no prior involvement with the property that is the subject of this Technical Report. 10. I have read NI 43-101 and Form 43-101-F1, and the Technical Report has been prepared in compliance with that instrument and form. 11. As of the effective date of the Technical Report, to the best of the my knowledge, information and belief, this Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. 12. I have read the definition of "qualified person" set out in National lnstrument 43-101 and certify that by reason of my education, affiliation with a professional association and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of Nl 43-101. 13. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Dated February 4th, 2016. “Signed and Sealed” Sean P. Butler, P.Geo. 6 CERTIFICATE OF AUTHOR I, Lisa Bascombe of Perth Western Australia, Australia do hereby certify: 1. That I am a Principal Geologist with Mining Plus with a business address, Bravo building, 1 George Wiencke Drive, Perth, Western Australia. 2. This certificate applies to the Technical Report titled “Canarc Resource Corp., NI 43-101 Technical Report for the El Compas Project, Zacatecas State, Mexico” with effective date January 19th, 2016 (the “Technical Report”). 3. That I am a member in good standing of the Australian Institute of Geoscientists (AIG), membership number 3520. 4. That I am a graduate of Macquarie University, New South Wales, Australia, graduating with BSc Geology in 1996. 5. That I have worked as an Exploration Geologist, Underground Mine Geologist, Senior Mine Geologist, Resource Geologist, Senior Consultant and Principal Consultant for a total of 19 years. 6. I have read the definition of “qualified person” set out in National Instrument 43- 101 (“NI 43- 101”) and certify that I am a “qualified person” for the purposes of NI 43- 101. 7. That I, Lisa Bascombe have not visited the El Compas Project of Canarc Resource Corp. 8. I am responsible for section 1.7 of the Executive Summary and Section 14.
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