Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Amarc Resources Ltd. - Exhibit 4A

 

FARMOUT AND JOINT VENTURE AGREEMENT

 

BETWEEN

 

AMARC RESOURCES LTD.

 

AND

 

ROCKWELL VENTURES INC.

 

TABLE OF CONTENTS

	ARTICLE 1 INTERPRETATION 	2 
	 	 
	ARTICLE 2 REPRESENTATIONS AND WARRANTIES
      	4 
	 	 
	ARTICLE 3 OPTION AND EXPLORATION PROGRAMS
      	6 
	 	 
	ARTICLE 4 JOINT VENTURE 	8 
	 	 
	ARTICLE 5 AMARC’S CALL 	8 
	 	 
	ARTICLE 6 ARBITRATION 	9 
	 	 
	ARTICLE 7 NOTICE 	9 
	 	 
	ARTICLE 8 FORCE MAJEURE 	10 
	 	 
	ARTICLE 9 GENERAL PROVISIONS 	11 

	SCHEDULE 1:	DESCRIPTION OF PROPERTY 
	SCHEDULE 2:	FORM OF CALL NOTICE 

THIS AGREEMENT dated for reference the 1st day of
November, 2004.

AMONG:

  
    
      
        
          AMARC RESOURCES LTD., having an office at,
            Suite 1020-800 West Pender Street, Vancouver British Columbia, V6C
            2V6

          (hereinafter called “Amarc”)

        

      

    

  

OF THE FIRST PART

AND:

  
    
      
        
          ROCKWELL VENTURES INC., having an office at
            Suite 1020 – 800 West Pender Street, Vancouver, British Columbia,
            V6C 2V6

          (hereinafter called “RCW”)

        

      

    

  

OF THE SECOND PART

WHEREAS:

(A)               
Amarc beneficially owns and holds rights to acquire interests in the Property
(as hereinafter defined);

(B)               
Amarc has agreed to grant to RCW rights to earn a working interest (an
“Interest”) in the Property by providing funds for exploration work to be
conducted on the Property in conjunction with other exploration work Amarc is
conducting on the Property;

(C)               
The exploration work is intended to quality as CEE (as defined);

(D)               
For a period of 150 days after RCW has earned an Interest in the Property, Amarc
will have the option of purchasing RCW’s Interest in the Property on the terms
and conditions of this Agreement;

(E)               
If Amarc does not exercise its option to purchase RCW’s Interest in the
Property, Amarc will form a joint venture with RCW proportional to their
respective Interests to coordinate exploitation of their Interests and to
consider further exploration and development of the Property;

NOW, THEREFORE, THIS AGREEMENT WITNESSES that, in
consideration of $1.00 now paid by RCW to Amarc and the mutual covenants and
agreements herein contained, the parties hereto mutually agree as follows:

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ARTICLE 1

INTERPRETATION

Definitions

1.1                     
  In this Agreement the following words and phrases shall have the following meanings:

(a)           
  “Affiliate” means, in respect of a party hereto, a corporation
  with which that party is affiliated within the meaning of subsection 1(2) of
  the Securities Act (British Columbia).

(b)           
  “Business Day” means a day, other than a Saturday, Sunday or
  Statutory Holiday on which the main branch of Canadian Imperial Bank of Commerce
  in Vancouver, British Columbia is open to the public for the transaction of
  business.

(c)           
  “Call” means Amarc’s right to purchase RCW’s Interest
  in the Property in certain events as described in Article 5.

(d)           
  “Call Notice” means notice in the form of Schedule 2.

(e)           
  “Call Price” has the meaning set out in §5.3.

(f)           
  “CEE” means Canadian exploration expense as defined in s.66.1(6)
  of the Tax Act.

(g)           
  “Earn-In Date” has the meaning in §3.8.

(h)           
  “Interest” means an undivided beneficial percentage working
  or participating interest to be earned by RCW in the Property (subject to any
  royalties and liabilities to which the Property are subject) calculated as 50%
  for $600,000 or pro rata to the nearest full percent. Amarc’s Interest
  will be equal to 100%, less RCW’s Interest.

(i)           
  “Joint Venture” means the joint venture to be formed as of
  the Participation Date between Amarc and RCW in respect of the Property upon
  RCW having earned an Interest.

(j)           
  “Joint Venture Agreement” means the joint venture agreement
  to be entered into between Amarc and RCW as provided for in Article 4 hereof.

(k)           
  “Operator” means Amarc or such other third party that Amarc
  appoints to carry out Expenditures.

(l)           
  “Option” means the right of RCW herein granted to earn-in up
  to a 50% Interest by incurring $600,000 of Qualified Expenditures within 12
  months of the date hereof.

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(m)           
  “Other Tenements” means all surface rights of and to any lands
  within the perimeter of the Amarc Property including surface rights held in
  fee or under lease, licence, easement, right of way or other rights of any kind
  (and all renewals, extensions and amendments thereof or substitutions therefor)
  acquired by or on behalf of the parties with respect to the Amarc Property.

(n)           
  “Participant” means any party having an Interest and its successors
  and permitted assigns. “Participants” means collectively all
  parties having an Interest and their respective successors and permitted assigns.

(o)           
  “Participation Date” shall have the meaning determined in accordance
  with §3.8.

(p)           
  “Program” means a program to carry out exploration and incur
  Qualified Expenditures on the Property represented by a document or documents
  wherein there is specified in reasonable detail an outline of any and all research,
  prospecting and exploration and development work proposed to be carried out
  during such Program, the estimated Qualified Expenditures to be incurred in
  carrying out such work and the area of the Property on which such work is to
  be undertaken and shall include any amendments to a Program as may be agreed
  upon by the parties.

(q)           
  “Property” means the mining properties, claims, interest and
  other rights comprised in the mineral claims more particularly described in
  Schedule 1 and shall include any renewal thereof and any other form of successor
  or substitute title therefor, and shall include any other mineral properties,
  claims or interest made part of the Property pursuant to this Agreement.

(r)           
  “Qualified Expenditure” means an expense, incurred by RCW in
  carrying out any part of the Program, that qualifies as CEE.

(s)           
  “Tax Act” means the Income Tax Act (Canada) as amended
  and in force from time to time.

(t)           
  “TSX” means the TSX Venture Exchange.

1.2                      
This Agreement shall be read with such changes in gender or number as the
context shall require.

1.3                      
The headings to the articles, paragraphs, parts or clauses of this Agreement and
the table of contents are inserted for convenience only and shall not affect the
construction hereof.

1.4                      
Unless otherwise stated, a reference herein to a numbered or lettered article,
paragraph, clause or schedule refers to the article, paragraph, clause or
schedule bearing that number or letter in this Agreement. A reference to “this”
article, paragraph, clause or schedule means the article, paragraph, clause or
schedule in which the reference appears. A reference to “this Agreement”,
“hereof”, “hereunder”, “herein” or words of similar meaning, means this
agreement including the schedules hereto, together with any amendments
thereof.

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1.5                      
All dollar amounts expressed herein refer to lawful currency of Canada.

1.6                      
Wherever interest is chargeable under this Agreement, unless otherwise
specifically provided, interest will be at the specified per annum rate,
calculated daily and compounded on the last day of each calendar month. For the
purposes hereof, the Prime Rate in effect for each day of a month shall be equal
to the Prime Rate declared at noon on the first Business Day of that month. For
greater certainty, the daily interest rate chargeable will be the specified per
annum rate divided by the number of days in that calendar year.

1.7                      
A reference to a statute, regulation or other legislation herein shall be deemed
to extend to and include any amendments thereto and successor legislation.

1.8                      
The following schedules are incorporated into this Agreement by reference:

	Schedule 	Description 
	  	  
	1 	Description of Property 
	2 	Form of Call Notice 

1.9                      
This Agreement shall be construed and governed by the laws in force in the
Province of British Columbia and, except as provided in Article 6, the courts of
said Province shall have exclusive jurisdiction to hear and determine all
disputes arising hereunder. Each of the parties hereto irrevocably attorns to
the jurisdiction of said courts and consents to the commencement of proceedings
in such courts. This paragraph shall not be construed to affect the rights of a
party to enforce a judgment or award outside the said Province, including the
right to record or enforce a judgment or award in any jurisdiction in which the
Property is situated.

1.10                     
If any provision of this Agreement is or shall become illegal, invalid or
unenforceable, in whole or in part, the remaining provisions shall nevertheless
be and remain valid and subsisting and the said remaining provisions shall be
construed as if this Agreement had been executed without the illegal, invalid or
unenforceable portion.

ARTICLE 2

REPRESENTATIONS AND WARRANTIES

2.1                      
  Each party represents and warrants to the other parties with respect to such
  party that:

(a)           
  it is a body corporate duly incorporated, organized and validly subsisting under
  the laws of British Columbia;

(b)           
  it has full power and authority to carry on its business and to enter into this
  Agreement and any agreement or instrument referred to or contemplated by this
  Agreement;

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(c)           
  neither the execution and delivery of this Agreement nor any of the agreements
  referred to herein or contemplated hereby, nor the consummation of the transactions
  hereby contemplated conflict with, result in the breach of or accelerate the
  performance required by any agreement or instrument to which it is a party;

(d)           
  the execution and delivery of this Agreement and the agreements contemplated
  hereby will not violate or result in the breach of the laws of any jurisdiction
  applicable or pertaining thereto or of its constating documents or directors’
  or shareholders’ resolutions or any judgement, order, law or governmental
  or administrative regulation or restriction applicable to it; and

(e)           
  all corporate authorizations have been obtained for the execution of this Agreement
  and for the performance of its obligations hereunder.

2.2                      
  Amarc represents and warrants to RCW that:

(a)           
  the mineral claims and other interests comprising the Property are accurately
  described in Schedule 1, are presently in good standing under the laws of British
  Columbia and, except as noted in Schedule 1, are free and clear of all liens,
  charges and financial encumbrances and Amarc owns or has the right to acquire
  the percentage interest noted thereon pursuant to a valid option;

(b)           
  any mineral claims included in the Property as described in Schedule 1 have
  been properly and legally staked, recorded,tagged and maintained; 

(c)           
  there is no adverse claim or challenge against or to the ownership of or title
  to any of the mineral claims and other interests comprising the Property, nor
  to the knowledge of Amarc is there any basis therefore or interest therein,
  and there are no other agreements or options to acquire or purchase the Property
  or any portion thereof, and no person has any other royalty or other interest
  whatsoever in production from any part of the Property; 

(d)           
  no proceedings are pending for and Amarc is unaware of any basis for the institution
  of any proceedings leading to the dissolution or winding-up of Amarc or the
  placing of Amarc into bankruptcy or subject to any other laws governing the
  affairs of insolvent persons;

(e)           
  the Property and its existing and prior uses comply with and Amarc is not in
  violation of and has not violated in connection with its ownership, use, maintenance
  or operation of the Property, any applicable federal, provincial, municipal
  or local laws, regulations, orders or approvals, including environmental, health
  safety and similar matters; and

(f)           
  the performance of this Agreement will not be in violation of or conflict the
  memorandum and articles of Amarc or any agreement to which Amarc is a party
  and will not give any person or company right to terminate or cancel any agreement
  or any right enjoyed by Amarc and will not result in the creation or imposition
  of any lien, 

- 6 -

encumbrance or restriction of any nature
  whatsoever in favour of a third party upon or against the assets of Amarc.

2.3                      
The representations, warranties, covenants, agreements and conditions herein set
out upon which the parties have relied in entering into this Agreement and shall
survive the acquisition of the Interest in the Property by RCW, and each party
will indemnify and save the others harmless from all loss, damage, costs,
actions and suits arising out of or in connection with any breach of any
representation, warranty, covenant, agreement or condition made by them and
contained in this Agreement (including, without limitation, legal fees and
disbursements).

ARTICLE 3

OPTION AND EXPLORATION PROGRAMS

3.1                      
Amarc hereby grants to RCW the right to earn an Interest in the Property by
incurring Qualified Expenditures by funding Amarc with funds equal to the
proposed Interest to be earned, such funds to be utilized by Amarc in making
Qualified Expenditures on the Property for and on behalf of RCW within 12 months
of the date hereof. Amarc agrees it shall offer to RCW Qualified Expenditure
Work Programs totalling at least $600,000 within the 12-month period from the
date hereof. On execution hereof, RCW shall elect to participate in the initial
program and shall fund it with a payment to Amarc of up to $600,000.

3.2                      
The Interest earned by RCW hereunder will be deemed to be earned rateably as
Qualified Expenditures are incurred by Amarc on behalf of RCW. If RCW provides
Amarc with less than $600,000 after execution hereof but elects to participate
in programs for more than it has funded, then it shall provide additional
funding up to the elected amount within five days of receipt of such invoice
from Amarc for RCW’s share of additional incurred Qualified Expenditures failing
which it shall be in default and shall thereupon lose the right to earn any
additional Interest (but shall remain liable for amounts incurred to the date of
default)..

3.3                      
RCW hereby retains Amarc to incur or cause to be incurred on behalf and for the
account of RCW, the Qualified Expenditures required pursuant to this Article 3
and Amarc may in turn retain Hunter Dickinson Inc. or such other professionally
qualified third party (herein referred to as a “Designee”) as it deems
appropriate to incur, on behalf of RCW, the Qualified Expenditures required by
this Article 3.

3.4                      
Amarc shall deliver to or cause to be delivered to RCW, on a monthly basis and
within 20 days of the month-end, a statement of the Qualified Expenditures
actually incurred during the preceding month along with an invoice for any
shortfall in RCW’s funding. RCW shall be liable for overruns up to 20% of a
program. RCW may question the accuracy of any such statement and invoice, by
written notice to Amarc delivered within thirty (30) days following the receipt
by RCW of such statement. Upon delivery by Amarc of a notice questioning the
accuracy of such statement, the matter shall be referred to Amarc’s independent
Chartered Accountants for final determination. If Amarc’s independent Chartered
Accountants are unable or unwilling to make such determination, the matter may
be referred to arbitration in accordance with Article 6. If Amarc’s accountant
or the arbitrator, as the case may be, 

- 7 -

determines that Amarc’s statement was accurate (within one
percent (1%)), no other action shall be taken with respect thereto and the costs
of such audit or arbitration, as the case may be, shall be borne by RCW.
Otherwise the statement shall be corrected and Amarc will pay the audit or
arbitration cost.

3.5                      
During the currency of the earn-in rights under this Article 3, Amarc or its
Designee shall act as Operator for the purpose of carrying out work and
incurring Qualified Expenditures. All such work and Qualified Expenditures shall
be in accordance with one or more Programs prepared by Amarc in consultation
with RCW. Any amendments to any Program shall similarly be prepared by Amarc in
consultation with RCW. RCW shall have final decision over its participation in
all Programs.

3.6                      
During the currency of RCW’s rights pursuant to Article 3 hereunder, RCW or its
representatives, at their own risk and expense, and upon giving Amarc reasonable
prior notice, may access the Property at all reasonable times and inspect all
records prepared by Amarc in connection with work done on or with respect to the
Property, pursuant to this Agreement.

3.7                      
At any time prior to the Participation Date, RCW may, subject to Amarc’s Call
right referred to in Article 5 of this Agreement, terminate this Agreement so
long as it is not in default of any of its funding obligations under this
Agreement by giving notice in writing to that effect to Amarc. In the event of
termination, RCW shall have a pro rata interest in the Property which it has
earned before the termination of the Agreement); provided, however, that RCW
shall remain liable solely for any amount owing respecting Qualified
Expenditures incurred on its behalf and all other unsettled obligations arising
from its activities carried on for its benefit in respect of the Property. 

3.8                      
  Subject to earlier termination hereunder and provided that Amarc has not exercised
  its Call right referred to in Article 5 of this Agreement, the Participation
  Date shall be that date which is the earliest of:

(a)           
  150 days after the date RCW has earned the maximum Interest available hereunder
  by having incurred and funded its maximum Interest in accordance with the terms
  of this Agreement; and

(b)           
  150 days after the date RCW actually ceases to provide funding for further Qualified
  Expenditures or notifies of its intention to the cease funding and has thereby
  terminated its earn-in option, subject to the Call and the obligation to form
  a Joint Venture if the Call is not exercised.

Such date which is 150 days before the Participation Date being
the “Earn-In Date”.

3.9                      
At the close of business on the date which is the Participation Date, RCW and
Amarc shall form the Joint Venture referred to in Article 4.

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ARTICLE 4

JOINT VENTURE

4.1                      
  Upon the Participation Date, Amarc and RCW will form a Joint Venture for the
  purpose of carrying out further exploration, development and production work
  on the Property and will negotiate in good faith to execute a Joint Venture
  Agreement, said agreement to have standard Rocky Mountain Mineral Law Foundation
  terms and shall include as primary terms, but not be limited to, the following
  provisions:

(a)           
  the initial interest of RCW in the Joint Venture will be the Interest RCW has
  earned pursuant to this Agreement and the interest of Amarc will be 100% less
  this percentage;

(b)           
  Amarc shall be the initial operator of the Joint Venture and Amarc shall be
  the operator as long as Amarc has at least 50%;

(c)           
  the operations of the Joint Venture will be overseen by a management committee,
  with each party to have voting rights on such committee equal to their Interest
  in the Joint Venture;

(d)           
  each party will have 15 days following adoption of a work program to elect to
  participate therein and invoices rendered to participating parties in respect
  of any work program shall be payable within 30 days; and

(e)           
  each party will grant to the other a 30-day right of first refusal with respect
  to the sale of such party’s interest in the Joint Venture.

ARTICLE 5

AMARC’S CALL

5.1                      
On the Participation Date RCW and Amarc shall have undivided Interests
determined according to Article 3.

5.2                      
For a period of 150 days after the Earn-In Date, Amarc shall have the exclusive
right to purchase all, but not less than all (the “Call”), of RCW’s Interest in
the Property providing such purchase is completed within 60 days from the Call
Notice to RCW, subject to such 60 day period being extended by any period
reasonably required by Amarc (using always its reasonable efforts to complete
the Call) necessitated by the requirements of any regulatory authority or due to
any delay in RCW providing information reasonably necessary to complete the Call
or any delay caused by any other reason beyond the reasonable control of Amarc.
The Call Notice shall be initiated in the form attached as Schedule 2.

5.3                      
The Call may be exercised in cash or in consideration of the issuance of Amarc
common shares (at Amarc’s election). Subject to rateable adjustment for lesser
Interests earned, the acquisition price of RCW’s called Interest to Amarc shall
be equal to the sum of a number of 

- 9 -

Amarc shares (or cash equivalent) valued as provided for in
§5.4 calculated as 110% of the Qualified Expenditures incurred by or for the
account of RCW to earn its Interest, the total Amarc shares (or cash equivalent)
hereof being herein the “Call Price”.

5.4                      
The common shares of Amarc to be issued upon exercise of the Call shall be
valued at the weighted average 10-day trading prices (last trade price in the
day times volume for the trade day over 10 days; then the sum thereof divided by
the total volume over the 10 day period) of Amarc’s common shares as quoted on
the TSX for the 10 trading days prior to the date of the call notice after Amarc
provides RCW with notice of its intention to exercise the Call.

ARTICLE 6

ARBITRATION

6.1                      
Any matter required or permitted to be referred to arbitration pursuant to this
Agreement will be determined by a single arbitrator to be appointed by the
parties hereto.

6.2                      
Any party may refer any such matter to arbitration by written notice to the
others and, within ten days after receipt of such notice, the parties will agree
on the appointment of an arbitrator. No person will be appointed as an
arbitrator hereunder unless such person agrees in writing to act.

6.3                      
If the parties cannot agree on a single arbitrator as provided in §6.1, or if
the person appointed is unwilling or unable to act, either party may request the
court to appoint a single arbitrator in accordance with the Commercial
Arbitration Act of the Province of British Columbia (the “Act”).

6.4                      
Except as specifically provided in this Article, an arbitration hereunder shall
be conducted in accordance with the Act. The arbitrator shall fix a time and
place in Vancouver, British Columbia for the purpose of hearing the evidence and
representations of the parties and he shall preside over the arbitration and
determine all questions of procedure not provided for under such Act or this
Article. After hearing any evidence and representations that the parties may
submit, the arbitrator shall make an award and reduce the same to writing and
deliver one copy thereof to each of the parties. The decision of the arbitrator
will be made within 45 days after his appointment, subject to any reasonable
delay due to unforeseen circumstances. The expense of the arbitration shall be
paid as specified in the award. The parties agree that the award of the single
arbitrator shall be final and binding upon each of them and shall not be subject
to appeal.

ARTICLE 7

NOTICE

7.1                      
Any notice, direction or other communication required or permitted to be given
under this Agreement shall be in writing and may be given by the delivery of the
same or by 

- 10 -

mailing the same (first class postage prepaid) or by sending
the same by facsimile transfer or other similar form of telecommunication, in
each case addressed as follows:

	 	(a) 	If to Amarc, at: 
	 	 	 
	 		Suite 1020 – 800 West Pender Street 
Vancouver, British Columbia,
      V6C 2V6 
	 	 	 
	 		Attention: Ronald Thiessen 
Fax: (604) 684-8092 
	 	 	 
	 	(b) 	If to RCW, at: 
	 	 	 
	 		Suite 1020 – 800 West Pender Street 
Vancouver, British Columbia,
      V6C 2V6 
	 	 	 
	 		Attention: Rene Carrier 
Fax: (604) 684-8092 

7.2                      
Any notice, direction or other communication aforesaid shall, if delivered, be
deemed to have been given and received on the day it was delivered and, if
mailed, shall be deemed to have been given and received on the third Business
Day following the day of mailing, except in the event of disruption of the
postal service in which event notice shall be deemed to be received only when
actually received and, if sent by facsimile transfer or other similar form of
telecommunication, shall be deemed to have been given or received on the next
Business Day following the day on which it was so sent.

7.3                      
Any party may at any time give to any other party notice in writing of any
change of address of the party giving such notice or of notice of an assignment
giving contact information of a new party, and from and after the giving of such
notice, the address therein specified shall be deemed to be the address of such
party for the purposes of giving notice hereunder. Any change of address notice
shall include a contact number for the sending of notices by telecommunication
hereunder.

ARTICLE 8

FORCE MAJEURE

8.1                      
No party will be liable for its failure to perform any of its obligations under
this Agreement due to a cause beyond its control (except those caused by its own
lack of funds) including, but not limited to: acts of God, fire, flood,
earthquake, explosion, strikes, lockouts or other industrial disturbances, power
line failures; laws, rules and regulations or orders of any duly constituted
court or governmental authority; or nonavailability of materials or
transportation (each an “Intervening Event”).

- 11 -

8.2                      
All time limits imposed by this Agreement will be extended by a period
equivalent to the period of delay resulting from an Intervening Event described
in this Article, plus an additional time period reasonable in the
circumstances.

8.3                      
A party relying on the provisions of this Article will take all reasonable steps
to eliminate any Intervening Event and, if possible, will perform its
obligations under this Agreement as far as practical, but nothing herein will
require such party to settle or adjust any labour dispute or to question or to
test the validity of any law, rule, regulation or order of any duly constituted
court or governmental authority or to complete its obligations under this
Agreement if an Intervening Event renders completion impossible.

8.4                      
A party relying on the provisions of this Article shall give notice to the other
party forthwith upon the occurrence of the Intervening Event and forthwith after
the end of the period of delay when such Intervening Event has been eliminated
or rectified.

8.5                      
No party claiming force majeure has any obligation to accede to labour demands
in strike or lock-out situations.

ARTICLE 9

GENERAL PROVISIONS

9.1                      
This Agreement constitutes the entire agreement between the parties and replaces
and supersedes all prior agreements, memoranda, correspondence, communications,
negotiations and representations, whether oral or written, express or implied,
statutory or otherwise between the parties with respect to the subject matter
herein. This Agreement may not be amended or modified except by an instrument in
writing signed by each of the parties hereto.

9.2                      
  No consent or waiver, express or implied, by any party to or of any breach or
  default by any other party of any or all of its obligations under this Agreement
  will:

(a)           
  be valid unless it is in writing and stated to be a consent or waiver hereunder;

(b)           
  be relied upon as a consent or waiver to or of any other breach or default of
  the same or any other obligation;

(c)           
  constitute a general waiver under this Agreement; or

(d)           
  eliminate or modify the need for a specific consent or waiver in any other or
  subsequent instance.

9.3                      
The parties will execute such further and other documents and do such further
and other things as may be necessary or convenient to carry out and give effect
to the intent of this Agreement.

9.4                      
All payments to be made to any party hereunder may be made by cheque or draft
mailed or delivered to such party at its address for notice purposes as provided
herein, or for the 

- 12 -

account of such party at such bank or banks in Canada as such
party may designate from time to time by written notice. Such bank or banks
shall be deemed the agent of the designating party for the purpose of receiving,
collecting and receipting such payment.

9.5                        
If any party (a “Defaulting Party”) is in default of any requirement herein set
forth, the other party may give written notice to the Defaulting Party
specifying the default. The Defaulting Party shall not lose any rights under
this Agreement unless, within 30 days after the giving of notice of default by
the other party, the Defaulting Party has failed to take reasonable steps to
cure the default by the appropriate performance or the Defaulting Party fails to
dispute the notice of default. Upon any such failure, the other party shall be
entitled to seek any remedy it may have on account of such default.

9.6                        
Time shall be of the essence in the performance of this Agreement.

9.7                        
This Agreement shall enure to the benefit of and be binding upon the parties
hereto and their respective successors and permitted assigns.

9.8                        
If any right, power or interest of any party in any property under this
Agreement would violate the rule against perpetuities, then such right, power,
or interest shall terminate at the expiration of 20 years after the death of the
last survivor of all the lineal descendants of Her Majesty, Queen Elizabeth II,
living on the date of execution of this Agreement.

IN WITNESS WHEREOF the parties hereto have executed this
Agreement the _____day of November, 2004 effective as of the 1st day of
November, 2004.

	AMARC RESOURCES LTD. 	 
	 	 	 
	 	 	 
	Per: 	  	 
		Ronald W. Thiessen 	 
	 	 	 
	 	 	 
	ROCKWELL VENTURES INC. 	 
	 	 	 
	 	 	 
	Per: 	  	 
		Rene Carrier 	 

SCHEDULE 1

  
    To a Farmout and Joint Venture Agreement between Amarc
      Resources Ltd. and Rockwell Ventures Inc. dated for reference the 1st day
      of November, 2004.

  

DESCRIPTION OF PROPERTY

SCHEDULE 2

  
    To a Farmout and Joint Venture Agreement between Amarc
      Resources Ltd. and Rockwell Ventures Inc. dated for reference the 1st day
      of November, 2004

  

CALL NOTICE

	Date 	u
	  	  
	  	  
	  	  
	TO:   	u
        which has acquired an Interest pursuant to the Farmout and Joint Venture
        Agreement dated for reference the 1st day of November, 2004. 

Amarc hereby gives you notice that it intends to purchase your
Interest in the Property by the issuance of u Amarc Shares valued at $u each. Our
calculation pursuant to §5.3 and §5.4 is attached.

Please confirm your preparedness to accept the foregoing
consideration.

	AMARC RESOURCES LTD. 	 
	 	  	 
	 	  	 
	Per: 		 
		Authorized Signatory 	 

Receipt of the foregoing Call terms are acknowledged this ___
day of _______________, 2004.

	u 	 	 
	 	 	 
	 	 	 
	Per: 		 
		Authorized SignatoryFiled by Automated Filing Services Inc. (604) 609-0244 - Amarc Resources Ltd. - Exhibit 4A

MINERAL PROPERTY OPTION AGREEMENT

THIS AGREEMENT is made as of the 17th day of January,
2005

BETWEEN:

  
    
      
        EJB ENTERPRISES INC., a British Columbia company
          having as its registered address 7000 Blackwell Road, Kamloops, British
          Columbia V2C 6V7 Fax 250-573-3673

        (the “Optionor”)

      

    

  

OF THE FIRST PART

AND:

  
    
      
        AMARC RESOURCES LTD., a company duly incorporated
          pursuant to the laws of the Province of British Columbia and having
          its registered and business office situated at 1020 – 800 West
          Pender Street, Vancouver, British Columbia, V6C 2V6 Fax 604-629-1216

        (the “Optionee”)

      

    

  

OF THE SECOND PART

WHEREAS:

(A)                  
The Optionor is the recorded owner of an undivided 100% interest in certain
Crown Granted mineral claims situated in the Kamloops Division of Yale District,
in the Province of British Columbia to be known as the Kamad group of mineral
claims, as detailed in the specific description of the mineral claims attached
hereto as Schedule ”A” (herein called the “Property”);

(B)                  
The Optionor has agreed to grant an exclusive option to the Optionee to acquire
all the interest of the Optionor in and to the Property subject to the Royalty
herein provided for, by paying certain consideration on the terms and conditions
herein provided;

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the Optionee’s preparation hereof and its agreement to seek TSX
Venture Exchange acceptance for this Agreement and for other good and valuable
consideration, the receipt and sufficiency whereof is by the Optionor hereby
acknowledged, the parties agree as follows: 

- 2 -

PART 1

DEFINITIONS

1.1                  
  In this Agreement, except as otherwise expressly provided or as the context
  otherwise requires,

(a)         
  “Commencement of Commercial Production” means

(i)         
  if a concentrator is located on the Property, the last day of a period of 40
  consecutive days in which, for not less than 30 days, such concentrator processed
  ore from the Property at 60% of its rated concentrating capacity, or

(ii)        
  if no concentrator is located on the Property, the last day of the first period
  of 30 consecutive days during which ore has been shipped from the Property on
  a reasonably regular basis for the purpose of earning revenues,

but no period of time during which ore
  or concentrate is shipped from the Property for testing purposes, and no period
  of time during which milling operations are undertaken as initial tune-up, will
  be taken into account in determining the date of Commencement of Commercial
  Production,

(b)         
  “Effective Date” means the date upon which the TSX Venture
  Exchange grants to the Optionee its acceptance respecting this Agreement subject
  to §4.5;

(c)         
  “Option” means the exclusive right herein granted by the Optionor
  to the Optionee to permit the Optionee to acquire a 100% right, title and interest,
  free and clear of encumbrances, to and in the Property as provided in Part 4,

(d)         
  “Option Period” means the period during the term of this Agreement
  from the date hereof to and including the earliest of 

(i)         
  the date of exercise of the Option, and

(ii)         the
  termination hereof pursuant to Part 15,

(e)         
  “Property” means the seven Crown granted mineral claims described
  in Schedule A, and all mining leases and other mining interests derived from
  any such claims, and a reference herein to a mineral claim comprised in the
  Property includes any mineral leases or other interests into which such mineral
  claim may have been or may become converted and “Property” includes
  as well all Property Rights,

(f)         
  “Property Rights” means all licenses, permits, easements, rights-of-way,
  surface or water rights and other rights, approvals obtained by either of the
  parties either before or after the date of this Agreement and necessary or desirable
  for the development of the Property, or for the purpose of placing the Property
  into production or continuing production therefrom, and

- 3 -

(g)         
  “Royalty” means a 2% royalty on net smelter returns on commercial
  production from the Property which royalty may become from time to time payable
  to the Optionor hereunder pursuant to Part 10 upon Commencement of Commercial
  Production as such Royalty is more particularly defined in Schedule C, and 

(h)         
  “Schedules” means the documents attached hereto as follows:
  (i) Schedule A – Mineral Claims comprising the Property; (ii) Schedule
  B – Form of Escrow Agreement; and (iii) Schedule C - Net Smelter Returns
  Royalty.

PART 2

REPRESENTATIONS, WARRANTIES AND COVENANTS OF OPTIONOR

2.1                  
  The Optionor represents and warrants to the Optionee that

(a)         
  it is exclusively legally entitled to hold the Property inclusive of all Crown
  granted mineral claims comprised therein, and inclusive of all Property Rights
  held by it and will remain so entitled until all interests of the Optionor in
  the Property (other than the Royalty) have been duly transferred to the Optionee
  as contemplated hereby or this Option has terminated,

(b)         
  it is now, and will be at the time of transfer to the Optionee of the Property,
  the beneficial owner of all of the Crown granted mineral claims comprising the
  Property free and clear of all liens, charges and claims of others and no taxes
  or rentals are due in respect of any thereof,

(c)         
  there is no third party interests or adverse claim or challenge against or to
  the Optionee’s ownership of or title to any of the Crown granted mineral
  claims comprising the Property, nor to the knowledge of the Optionor is there
  any basis therefor, and there are no outstanding agreements or options to acquire
  or purchase the Property or any portion thereof, and no person other than the
  Optionor, pursuant to the provisions hereof, has any royalty or other interest
  whatsoever in production from any of the mineral claims comprising the Property,
  and

(d)         
  no third party consent of any kind is required by the Optionor to enter into
  this Agreement and grant the Option contemplated hereby.

(e)         
  the Optionor shall assume sole responsibility and liability for any obligations
  outstanding as of the date hereof with respect to reclamation of the property
  comprising the Claims,

2.2                  
The representations and warranties contained in §2.1 are provided for the
exclusive benefit of the Optionee, and a breach of any one or more thereof may
be waived by the 

- 4 -

Optionee in whole or in part at any time without prejudice to
its rights in respect of any other breach of the same or any other
representation or warranty; and the representations and warranties contained in
§2.1 will survive the execution hereof and continue throughout the Option
Period.

2.3                  
During the Option Period the Optionor will pay the annual rental that becomes
due on the Crown Granted claims comprised in the property.

PART 3

REPRESENTATIONS AND WARRANTIES OF OPTIONEE

3.1                  
  The Optionee represents and warrants to the Optionor that

(a)         
  it has been duly incorporated and validly exists as a corporation in good standing
  under the laws of British Columbia and is authorized to hold mineral claims
  in the Province of British Columbia, and

(b)         
  neither the execution and delivery of this Agreement by the Optionee nor the
  performance by the Optionee of its obligations hereunder conflicts with the
  Optionee’s constating documents or any agreement to which it is bound.

3.2                  
The representations and warranties contained in §3.1 are provided for the
exclusive benefit of the Optionor and a breach of any one or more thereof may be
waived by the Optionor in whole or in part at any time without prejudice to its
rights in respect of any other breach of the same or any other representation or
warranty; and the representations and warranties contained in §3.1 will survive
the execution hereof and continue throughout the Option Period.

PART 4

GRANT AND EXERCISE OF OPTION

4.1                  
The Optionor hereby grants to the Optionee the sole and exclusive right and
option, subject to the terms of this Agreement, to acquire a 100% undivided
interest in the Property free and clear of all charges and encumbrances (except
the Royalty) by paying to the Optionor a total of $135,000 and by issuing
200,000 common shares in its capital such payments to be completed on or before
the times dates set forth in §4.2.

4.2                  
  In order to exercise the Option, the Optionee must pay to the Optionor the consideration
  in this §4.2 by the dates indicated therein:

(a)         
  $15,000 and 25,000 shares on the Effective Date;

(b)         
  a further $45,000 and 25,000 shares on or before June 30, 2005;

- 5 -

(c)         
  a further $75,000 and 50,000 shares on or before December 31, 2005; and

(d)         
  a further 100,000 shares on or before December 31, 2006.

4.3                  
The amounts due pursuant to §4.2 may be extended for up to 45 days from the
stated dates in order to accommodate any necessary further TSX Venture Exchange
acceptances to share issuances due after the Effective Date.

4.4                  
The Optionor acknowledges that each share certificate shall have imprinted
thereon a legend restricting transfer in Canada for four months plus one day
from the date of its issuance.

4.5                  
If the Effective Date has not occurred within 60 days of the date of execution
hereof, then either party may terminate this Option Agreement without liability
by notice to the other party.

4.6                  
All payments of cash and shares shall be made by the Optionee by way of cheques
and certificates made out in the name of the Optionor.

PART 5

EXERCISE OF OPTION

5.1                  
The Optionee may in its sole discretion at any time accelerate the payment of
the amounts required by §4.2 to exercise the Option and thereby acquire the
Property.

5.2                  
If and when the Option has been exercised, a 100% right, title and interest in
and to the Property will vest in the Optionee free and clear of all charges,
encumbrances and claims, save and except for the Royalty.

PART 6

RIGHT OF ENTRY

6.1                  
  Throughout the Option Period, the Directors and Officers of the Optionee and
  its servants, agents and independent contractors, will have the sole and exclusive
  right in respect of the Property to

(a)         
  enter thereon,

(b)         
  have exclusive and quiet possession thereof,

(c)         
  do such prospecting, exploration, development and/or other mining work thereon
  and thereunder as the Optionee in its sole discretion may determine advisable,

(d)         
  bring upon and erect upon the Property buildings, plant, machinery and equipment
  as the Optionee may deem advisable, and

- 6 -

(e)         
  remove therefrom and dispose of reasonable quantities of ores, mineral and metals
  for the purpose of obtaining assays or making other tests.

PART 7

ESCROW OF PROPERTY CONVEYANCE DOCUMENTS

7.1                  
Concurrently with the execution hereof, the Optionor will deliver to the Escrow
Agent referred to in Schedule B, duly executed and registerable transfers of the
Property in favour of the Optionee.

7.2                  
The Optionee will be entitled to record a notice of the existence of this Option
in the applicable mining recorder’s and land titles offices.

PART 8

OBLIGATIONS OF OPTIONEE DURING OPTION PERIOD

8.1                  
  During the Option Period the Optionee will

(a)         
  perform all actions which may be necessary in order to keep the mineral claims
  free and clear of all liens and other charges arising from the Optionee’s
  activities thereon except those at the time contested in good faith by the Optionee,

(b)         
  permit the Optionor and its directors, officers, employees and designated consultants,
  at their own risk, access to the Property at all reasonable times subject always
  to Part 13, and providing the Optionor agrees to indemnify the Optionee against
  and to save the Optionee harmless from all costs, claims, liabilities and expenses
  that the Optionee may incur or suffer as a result of any injury (including injury
  causing death) to the Optionor or its directors, officers, employees or designated
  consultants while on the Property,

(c)         
  deliver to the Optionor on or before six months of each anniversary hereof,
  a report (including up-to-date maps if there are any) describing the results
  of work done in the last completed calendar year, together with reasonable details
  of Preproduction Expenditures made,

(d)         
  do all work on the Property in a good and workmanlike fashion and in accordance
  with all applicable laws, regulations, orders and ordinances of any governmental
  authority and file for all available credits, and

(e)         
  indemnify and save the Optionor harmless in respect of any and all costs, claims,
  liabilities and expenses arising out of the Optionee’s activities on the
  Property and, without limiting the generality of the foregoing will, during
  the currency of this Agreement, carry not less than $1 million in third party
  liability insurance in respect of its operations on the Property; provided that
  the Optionee will incur no obligation thereunder 

- 7 -

in respect of claims arising or damages
  suffered after termination of the Option if upon termination of the Option any
  workings on or improvements to the Property made by the Optionee are left in
  a safe condition.

PART 9

TERMINATION OF OPTION

9.1                  
If the Option is terminated otherwise than upon the exercise thereof pursuant to
Part 4, the Optionee will deliver at no cost to the Optionor within 90 days of
such termination copies of all reports, maps, assay results and other relevant
technical data compiled by or in the possession of the Optionee with respect to
the Property and not theretofore furnished to the Optionor and will leave the
property in as safe and reclaimed a condition as that which exists on the date
hereof.

9.2                  
Notwithstanding termination of the Option, the Optionee will have the right,
within a period of 90 days following the end of the Option Period, to remove
from the Property all buildings, plant, equipment, machinery, tools, appliances
and supplies which have been brought upon the Property by or on behalf of the
Optionee, and any such property not removed within such 90-day period will
thereafter become the property of the Optionor.

PART 10

ROYALTY

10.1                  
The Optionor hereby retains a Royalty in the Property equal to two percent (2%)
of Net Smelter Returns received from production on the Property as calculated
pursuant to Schedule C.

10.2                  
The Optionor further grants the Optionee the right to purchase 100% of the
Royalty for $1 million at any time on 15 days written notice to the
Optionee.

PART 11

TRANSFERS

11.1                  
  The Optionee may at any time (and from time to time) either during the Option
  Period or thereafter, sell, transfer or otherwise dispose of all or any portion
  of its interest in and to the Property and this Agreement provided that any
  purchaser, grantee or transferee of any such interest will have first delivered
  to the Optionor its agreement related to this Agreement and to the Property,
  containing

(a)         
  a covenant by such transferee to perform all the obligations of the Optionee
  to be performed under this Agreement in respect of the interest to be acquired
  by it from the Optionee to the same extent as if this Agreement had been originally
  executed by the 

- 8 -

Optionee and such transferee as joint
  and several obligors making joint and several covenants, and

(b)         
  a provision subjecting any further sale, transfer or other disposition of such
  interest in the Property and this Agreement or any portion thereof to the restrictions
  contained in this §11.1; and

(c)         
  providing that if the Option has not yet been exercised that the Optionor must
  issue common shares in its capital stock to exercise the Option unless the Optionee
  consents to receiving an equivalent number of shares in the capital of the assignee.

11.2                  
No assignment by the Optionee of any interest less than its entire interest in
this Agreement and in the Property will, as between the Optionee and the
Optionor, discharge it from any of its obligations hereunder, but upon the
transfer by the Optionee of the entire interest at the time held by it in this
Agreement (whether to one or more transferees and whether in one or in a number
of successive transfers), the Optionee will be deemed to be discharged from all
obligations hereunder save and except for the fulfilment of contractual
commitments accrued due before the date on which the Optionee will have no
further interest in this Agreement.

11.3                  
  If the Optionor

(a)         
  receives a bona fide offer from an independent third party (“Proposed Purchaser”)
  dealing at arm’s length with the Optionor to purchase all or substantially
  all of his interest in the Property, which offer the Optionor desires to accept,
  or

(b)         
  the Optionor intends to sell all or substantially all of his interest in the
  Option or the Property,

the Optionor will first offer (the “Offer”) such interest in
writing to the Optionee upon terms no less favourable than those offered by the
Proposed Purchaser or intended to be offered by the Optionor, as the case may
be.

11.4                  
The Offer will specify the price and terms and conditions of such sale, the name
of the Proposed Purchaser (which term will, in the case of an intended offer by
the Optionor, mean the person or persons to whom the Optionor intends to offer
its interest) and, if the offer received by the Optionor from the Proposed
Purchaser provides for any consideration payable to the Optionor otherwise than
in cash, the Offer will include the Optionor’s good faith estimate of the cash
equivalent of the non-cash consideration.

11.5                  
If within a period of 30 days of the receipt of the Offer the Optionee notifies
the Optionor in writing that it will accept the same, the Optionor will be bound
to sell such interest to the Optionee (subject as hereinafter provided with
respect to price) on the terms and conditions of the Offer.

11.6                  
If the Offer so accepted by the Optionee contains the Optionor’s good faith
estimate of the cash equivalent consideration as aforesaid, and if the Optionee
disagrees with the Optionor’s best estimate, the Optionee will so notify the
Optionor at the time of acceptance and 

- 9 -

the Optionee will, in such notice, specify what it considers,
in good faith, the fair cash equivalent to be and the resulting total purchase
price.

11.7                    
If the Optionee so notifies the Optionor, the acceptance by the Optionee will be
effective and binding upon the Optionor and the Optionee and the cash equivalent
of any such non-cash consideration will be determined by binding arbitration
under the Commercial Arbitration Act (British Columbia) and will be payable by
the Optionee, subject to prepayment as hereinafter provided, within 10 days
following its determination by arbitration.

11.8                    
The Optionee will in such case pay to the Optionor, against receipt of an
absolute transfer of clear and unencumbered title to the interest of the
Optionor being sold, the total purchase price which is specified in its notice
to the Optionor and such amount will be credited to the amount determined
following arbitration of the cash equivalent of any non-cash consideration.

11.9                    
If the Optionee fails to notify the Optionor before the expiration of the time
limited therefor that it will purchase the interest offered, the Optionor may
sell and transfer such interest to the Proposed Purchaser at the price and on
the terms and conditions specified in the Offer for a period of 45 days,
provided that the terms of this Part 11 will again apply to such interest if the
sale to the Proposed Purchaser is not completed within the said 45 days.

11.10                   
Any sale hereunder will be conditional upon the delivery by the Proposed
Purchaser to the Optionee of a written undertaking, in form and substance
satisfactory to counsel for the Optionee, to be bound by the terms and
conditions of this Agreement.

PART 12

FORCE MAJEURE

12.1                    
If the Optionee is at any time either during the Option Period or thereafter
prevented or delayed in complying with any provisions of this Agreement by
reason of strikes, walk-outs, labour shortages, power shortages, fuel shortages,
fires, wars, acts of God, governmental regulations restricting normal
operations, shipping delays or any other reason or reasons beyond the control of
the Optionee, the time limited for the performance by the Optionee of its
obligations hereunder will be extended by a period of time equal in length to
the period of each such prevention or delay, provided however that nothing
herein will discharge the Optionee from its obligations under §4.2.

12.2                    
The Optionee will within seven days give notice to the Optionor of each event of
force majeure under §12.1 and upon cessation of such event will furnish the
Optionor with notice to that effect together with particulars of the number of
days by which the obligations of the Optionee hereunder have been extended by
virtue of such event of force majeure and all preceding events of force
majeure.

12.3                    
After the Commencement of Commercial Production, the Optionee will work, mine
and operate the Property during such time or times as the Optionee in its sole
judgment considers such operations to be profitable.

- 10 -

12.4                    
The Optionee may suspend or curtail operations during periods when the products
derived from the Property cannot be profitably sold at prevailing prices or if
an unreasonable inventory thereof, in the Optionee’s sole judgment, has
accumulated or would otherwise accumulate.

PART 13

CONFIDENTIAL INFORMATION

13.1                    
No information furnished by the Optionee to the Optionor hereunder in respect of
the activities carried out on the Property by the Optionee, or related to the
sale of product derived from the Property, will be published by the Optionor
without the written consent of the Optionee, but such consent in respect of the
reporting of factual data will not be unreasonably withheld, and will not be
withheld in respect of information required to be publicly disclosed pursuant to
applicable securities or corporation laws.

PART 14

ARBITRATION

14.1                    
All questions or matters in dispute with respect to the calculation of or
amounts taken into account in the determination of the Royalty will be submitted
to final offer arbitration pursuant to the terms hereof. It shall be the
obligation of each party to submit to the arbitrator within 20 days of the
appointment of the arbitrator(s) a proposed final offer to resolve the dispute
and the power of the arbitrator(s) shall be limited to choosing of one of the
final offers, without amending same. 

14.2                    
It will be a condition precedent to the right of any party to submit any matter
to arbitration pursuant to the provisions hereof, that any party intending to
refer any matter to arbitration will have given not less than 10 days’ prior
written notice of its intention so to do to the other party together with
particulars of the matter in dispute.

14.3                    
On the expiration of such 10 days, the party who gave such notice may proceed to
refer the dispute to arbitration as provided in this Part 14.

14.4                    
The party desiring arbitration will appoint one arbitrator, and will notify the
other party of such appointment, and the other party will, within 30 days after
receiving such notice, appoint an arbitrator, and the two arbitrators so named,
before proceeding to act, will, within 10 days of the appointment of the last
appointed arbitrator, unanimously agree on the appointment of a third arbitrator
to act with them and be chairman of the arbitration herein provided for.

14.5                    
If the other party will fail to appoint an arbitrator within seven days after
receiving notice of the appointment of the first arbitrator, and if the two
arbitrators appointed by the parties fail to agree on the appointment of the
chairman, the chairman will be appointed under the provision of the Commercial
Arbitration Act (British Columbia).

- 11 -

14.6                    
Except as specifically otherwise provided in this Part 14 the arbitration herein
provided for will be conducted in accordance with such Act.

14.7                    
The chairman, or in the case where only one arbitrator is appointed, the single
arbitrator, will fix a time and place in Vancouver, British Columbia, for the
purpose of hearing the evidence and representations of the parties, and he will
preside over the arbitration and determine all questions of procedure not
provided for under such Act or this Part 14.

14.8                    
After hearing any evidence and representations that the parties may submit, the
single arbitrator, or the arbitrators, as the case may be, will make an award
and reduce the same to writing, and deliver one copy thereof to each of the
parties.

14.9                    
The expense of the arbitration will be paid as specified in the award.

14.10                   
The parties may agree that the award of a majority of the arbitrators, or in the
case of a single arbitrator, of such arbitrator, will be final and binding upon
each of them.

PART 15

DEFAULT AND TERMINATION

15.1                    
  If at any time during the Option Period the Optionee fails to perform any obligation
  required to be performed hereunder, which failure or breach materially interferes
  with the implementation of this Agreement, the Optionor may terminate this Agreement
  but only if

(a)          
  he first gives to the Optionee a notice of default containing particulars of
  the obligation which the Optionee has not performed, or the warranty breached,
  and

(b)          
  the Optionee does not, within 30 days after delivery of such notice of default,
  cure such default if reasonably possible within said 30 days, or begun proceedings
  to cure such default by appropriate payment or performance if such default reasonably
  requires more than 30 days (the Optionee hereby agreeing that should it so begin
  to cure any default it will prosecute the same to completion without undue delay).

15.2                    
If the Optionee fails to comply with the provisions of §15.1 the Optionor may
thereafter terminate this Agreement, and the provisions of Part 10 will then be
applicable.

15.3                    
The Optionee may at any time terminate this Option by giving notice of
termination to the Optionor and shall thereupon be relieved of any further
obligations in connection herewith but shall remain liable for obligations which
have accrued to the date of notice.

- 12 -

PART 16

NOTICES

16.1                    
Each notice, demand or other communication required or permitted to be given
under this Agreement will be in writing and will be sent by personal delivery,
fax or prepaid registered mail to the addresses of the parties written on page
1. 

16.2                    
The date of receipt of such notice, demand or other communication will be the
date of delivery or fax thereof if delivered or faxed, or, if given by
registered mail as aforesaid, will be deemed conclusively to be the third day
after the same will have been so mailed except in the case of interruption of
postal services for any reason whatever, in which case the date of receipt will
be the date on which the notice, demand or other communication is actually
received by the addressee.

16.3                    
Either party may at any time and from time to time notify the other party in
writing of a change of address and the new address to which notice will be given
to it thereafter until further change.

PART 17

GENERAL

17.1                    
This Agreement will supersede and replace any other agreement or arrangement,
whether oral or written, heretofore existing between the parties in respect of
the subject matter of this Agreement.

17.2                    
No consent or waiver expressed or implied by either party in respect of any
breach or default by the other in the performance of such other of its
obligations hereunder will be deemed or construed to be a consent to or a waiver
of any other breach or default.

17.3                    
The parties will promptly execute or cause to be executed all documents, deeds,
conveyances and other instruments of further assurance which may be reasonably
necessary or advisable to carry out fully the intent of this Agreement or to
record wherever appropriate the respective interests from time to time of the
parties in the Property.

17.4                    
This Agreement will enure to the benefit of and be binding upon the parties and
their respective successors and permitted assigns.

17.5                    
This Agreement will be construed in accordance with the laws of the Province of
British Columbia and the laws of Canada applicable therein.

17.6                    
All sums of money referred to herein are expressed in Canadian currency.

17.7                    
The headings appearing in this Agreement are for general information and
reference only and this Agreement will not be construed by reference to such
headings.

- 13 -

17.8                    
In interpreting this Agreement and any schedules hereto attached, where the
context so requires, the singular will include the plural, and the masculine
will include the feminine, the neuter, and vice versa.

17.9                    
Nothing herein will constitute or be taken to constitute the Parties as partners
or create any fiduciary relationship between them provided, however, that this
qualification will not limit the express duty of each Party to act toward the
other Party at all times in good faith with respect to all their obligations
under this Agreement.

17.10                   
No modification, alteration or waiver of the terms herein contained will be
binding unless the same is in writing, dated subsequently hereto, and fully
executed by the Parties.

17.11                   
This Agreement may be executed in counterpart and by facsimile.

IN WITNESS WHEREOF this Agreement has been executed by
the parties hereto on the 17th day of January, 2005.

	The Optionee 	 
	 	 	 
	AMARC RESOURCES LTD. 	 
	 	 	 
	Per: 	  	 
	 	Authorized Signatory 	 
	 	  	 
	The Optionor 	 
	 	 	 
	EJB ENTERPRISES INC. 	 
	 	 	 
	Per: 	  	 
	 	Authorized Signatory 	 

SCHEDULE A

To the Agreement between Amarc Resources Ltd. and EJB
Enterprises Inc. dated January 17th, 2005.

Kamad Property

	Lot 
Number 	Crown Granted Claim 
Name 	  
Owner 	  
Land Division 	Area 
(ha) 

	L827
    	Homestake 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	20.90 
	L828
    	Maple
      Leaf 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	20.15 
	L829
    	Troublesome 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	14.67 
	L830
    	Argentum 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	20.19 
	L4566 	Silver
      Star No. 1 Fraction 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	19.42 
	L4567 	Treasure 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	12.95 
	L4568 	Signet
    	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	12.50 

SCHEDULE B

ESCROW AGREEMENT

THIS AGREEMENT is made the 17th day of January, 2005

AMONG:

  
    
      
        AMARC RESOURCES LTD., a company duly incorporated
          pursuant to the laws of the Province of British Columbia and having
          its registered and business office situated at 1020 – 800 West
          Pender Street, Vancouver, British Columbia, V6C 2V6

        (the “Optionee”)

      

    

  

AND:

  
    
      
        EJB ENTERPRISES INC., a private company registered
          with the Registrar of Companies for the Province of British Columbia
          and having as its registered address 7000 Blackwell Road, Kamloops,
          British Columbia V2C 6V7 Fax 250-573-3673

        (the “Optionor”)

      

    

  

AND:

  
    
      
        LML&S SERVICES INC., a British Columbia
          company with its registered office at 1500 Royal Centre, 1055 West Georgia
          Street, P.O. Box 11117, Vancouver, British Columbia, V6E 4N7

        (the “Escrow Agent”)

      

    

  

WHEREAS:

(A)                    
Pursuant to a Property Option Agreement of the same date between the Optionor
and the Optionee (the “Option Agreement”), to which this agreement is attached
as Schedule B, the Optionee can acquire a 100% interest in certain mineral
claims comprising the Property, on the terms set forth in the Option Agreement;
and

(B)                    
The Optionor and the Optionee have agreed that the duly executed recordable
bills of sale or land transfers respecting the mineral claims (the “Claims”)
comprising the Property (the “Escrow Documents”) will be held in escrow;

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the mutual covenants contained herein the Parties hereto
mutually agree as follows: 

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1.                  
    Terms of Escrow and Release

1.1                    
The Optionor will forthwith deliver to the Escrow Agent the Escrow Documents
respecting each of the following Claims under the terms of the Option
Agreement:

	Lot 
Number 	Crown Granted Claim 
Name 	  
Owner 	  
Land Division 	Area 
(ha) 

	L827
    	Homestake 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	20.90 
	L828
    	Maple
      Leaf 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	20.15 
	L829
    	Troublesome 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	14.67 
	L830
    	Argentum 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	20.19 
	L4566 	Silver
      Star No. 1 Fraction 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	19.42 
	L4567 	Treasure 	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	12.95 
	L4568 	Signet
    	EJB
      Enterprises Inc. 	Kamloops Division of Yale District 	12.50 

1.2                    
On receipt of notice from the Optionee that the Optionee has exercised its
Option to acquire the Claims in accordance with the terms of the Option
Agreement, the Optionee will provide written request to the Escrow Agent to
release the Escrow Documents to the Optionee. Upon receipt of such notice, the
Escrow Agent will deliver the Notice to the Optionor.

1.3                    
If after 10 days the Optionor has not objected to the notice in §1.2, the Escrow
Agent will deliver the Escrow Documents to the Optionee.

1.4                    
If the Escrow Agent receives a notice from the Optionor that the Optionee has
defaulted under the Option Agreement, the Escrow Agent shall deliver the notice
to the Optionee.

1.5                    
If the Optionee does not dispute the default notice in §1.4, the Escrow Agent
will deliver the Escrow Documents to the Optionor.

1.6                    
In the event of a dispute under §1.3 - §1.5, the Escrow Agent will retain the
Escrow Documents until a settlement or judicial resolution of the dispute.

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2.                       Cancellation
of Escrow Arrangement

2.1                    
If the Option Agreement is terminated in accordance with the terms of the Option
Agreement, the Optionor and the Optionee will forthwith jointly advise the
Escrow Agent, who will return the Escrow Documents to the Optionor.

3.                      
Escrow Agent Duties and Indemnification

3.1                    
The Escrow Agent agrees to perform all of the duties hereinbefore set forth
which are applicable to it unless prohibited by a Court of competent
jurisdiction.

3.2                    
The Optionee will pay from time to time the reasonable fees and expenses of the
Escrow Agent in connection with the performance of its duties hereunder and in
connection with any proceedings in which it is involved as a result of agreeing
to be a Party to this Agreement.

3.3                    
The Optionee and the Optionor will indemnify and save harmless the Escrow Agent
of and from all other claims, demands, damage, loss and expense arising out of
the performance of its duties hereunder.

4.                      
Limited Escrow Agent Responsibilities

4.1                    
The Escrow Agent will have no responsibility in respect of the Escrow Documents
except the duty to exercise such care in the safekeeping thereof as it would
exercise if the Escrow Documents were the property of a client of the Escrow
Agent.

4.2                    
The Escrow Agent will have no duties or obligations except those which are
expressly set forth in this Agreement, and, except as expressly set out in this
Agreement, it will not be bound by any notice of a claim or demand with respect
thereto, or any waiver, modification, amendment, termination or rescission of
this Agreement unless received by it in writing and signed by the other Parties
and unless it has given its written consent thereto if its duties or obligations
under this Agreement are affected.

4.3                    
The Escrow Agent will be protected in acting on any written notice, request,
waiver, consent, receipt, election, declaration or any paper or document
furnished to it and executed, whether or not under the seal, by any Party hereto
not only as to its due execution and the validity and effectiveness of its
provisions, but also as to the truth and acceptability of any information
therein contained, which it in good faith believes to be genuine and the Escrow
Agent will not be required to determine the authenticity of signatures or the
power and authority of any signatory to execute documents or to verify the
accuracy of any statement contained therein.

5.                      
Replacement of Escrow Agent

5.1                    
If the Escrow Agent wishes to be relieved from its duties and obligations under
this Agreement it shall so notify the other Parties in writing, or in the event
that the Optionee and the Optionor mutually agree to replace the Escrow Agent,
they shall so notify the Escrow Agent of their intention and, in either case,
the replacement of the Escrow Agent shall be made within a period of sixty (60)
days following receipt of the notice, provided that the selection and 

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appointment of the replacement for the Escrow Agent shall be
the sole responsibility of the Optionee, subject to the consent of the Optionor,
which consent shall not be unreasonably withheld, and subject to the agreement
of the new Escrow Agent to be bound by the terms and conditions of this
Agreement.

6.                      
New Escrow Agent

6.1                    
Any new Escrow Agent appointed hereunder shall execute an instrument accepting
such appointment hereunder and deliver one counterpart thereof to the Optionee,
one counterpart thereof to the Escrow Agent last in office, and one counterpart
to the Optionor, and thereupon such new Escrow Agent without further act shall
become vested in all rights, powers and obligations of its predecessor for
execution of the mandate hereunder, with like effect as if originally named as
Escrow Agent herein, and the predecessor Escrow Agent shall forthwith deliver
the Escrow Documents and any other documents in its possession pursuant to this
Agreement to the new Escrow Agent, for the purposes and uses of this
Agreement.

7.                      
Escrow Agents Counsel

7.1                    
Each of the Parties confirms that it is aware that the Escrow Agent is a
corporation that is controlled and directed by Lang Michener, Barristers and
Solicitors, Counsel to the Optionee.

8.                      
Notice

8.1                    
Subject to section 8.2, any notice, direction or other instrument required or
permitted to be given hereunder will be delivered or faxed in writing to the
respective Parties at the addresses set out on the first page of this Agreement
and notice to such addresses will be and will constitute full and complete
notice and delivery to the respective Party. 

8.2                    
Any Party hereto may change its address for service of notice by a notice in
writing delivered to all of the other Parties in the manner provided in section
8.1.

9.                      
Enurement

9.1                    
This Agreement will enure to the benefit of and be binding upon the Parties
hereto, their respective successors and assigns.

10.                    
Counterparts

10.1                    This
Agreement may be executed by any person who is to become a Party hereto by
signing a counterpart hereof, each of which counterparts together will
constitute a single instrument.

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IN WITNESS WHEREOF the Parties have executed this
Agreement on the day and year first above written.

	The Optionee 	 
	 	 	 
	AMARC RESOURCES LTD. 	 
	 	 	 
	 	 	 
	Per: 	  	 
	 	Authorized Signatory 	 
	 	  	 
	 	 	 
	The Optionor 	 
	 	 	 
	EJB ENTERPRISES INC. 	 
	 	 	 
	 	 	 
	Per: 	 	 
		Authorized Signatory 	 
	 	 	 
	LML&S SERVICES INC. 	 
	 	 	 
	 	 	 
	Per: 	 	 
	 	Authorized Signatory 	 

SCHEDULE C

NET SMELTER ROYALTY

1.                    
The holder of the working interest in the Property hereby grants the holder of
this Royalty (the “Grantee”), a royalty (the “Royalty”) on Net Smelter
Returns (“Net Smelter Returns”) equal to 2% for ore produced from the
Property which royalty will be calculated, paid and otherwise regulated in
accordance with the terms of this Royalty Deed.

2.                    
  For the purposes hereof, Net Smelter Returns will be calculated by taking the
  gross revenues from the sale by the Owner of all ore mined from the Property
  and from the sale by the Owner of concentrate and metal derived from ore mined
  from the Property and deducting therefrom

(a)          
  all smelting and refining costs, sampling, assaying and treatment charges and
  penalties including but not limited to metal losses, penalties for impurities
  and charges for refining, selling and handling by the smelter, refinery or other
  purchaser (including price participating charges by smelters and by refiners),

(b)          
  costs of handling, transporting, securing and insuring such material from the
  Property or from a concentrator, whether situated on or off the Property, to
  a smelter, refinery or other place of treatment, and in the case of gold or
  silver concentrates, security costs,

(c)          
  ad valorem taxes and taxes based upon sales or production, but not income taxes,
  and

(d)          
  marketing costs, including sales commissions, incurred in selling ore, concentrate
  and metal produced from the Property.

3.                    
For the purposes of determining Net Smelter Returns, all receipts and
disbursements in a currency other than Canadian will be converted into Canadian
currency on the day of receipt or disbursement, as the case may be.

4.                    
After the year in which commercial production is commenced on the Property, the
Grantee will be provided annually on or before April 1 with a copy of the
calculation of Net Smelter Returns and the Royalty, determined in accordance
with this Royalty Deed, for the preceding calendar year, certified correct by
the Owner.

5.                    
Payments on the Royalty for each calendar year will be made in Canadian dollars
on or before April 1 after the end of the year in which Net Smelter Returns, as
determined on the basis of final adjusted invoices, are received by the
Owner.

6.                    
All Royalty Payments to be made to the Grantee by the Owner will be made to the
Grantee at a bank specified by the Grantee in §7.

- 2 -

7.                    
Upon 30 days’ prior written notice by the Owner to the Grantee, the Grantee will
designate a “Payment Bank” for payment, such payments to continue at the Payment
Bank notwithstanding any assignment or transfer of the Royalty.

8.                    
If the Payment Bank (or any successor bank) fails, liquidates or is succeeded by
another bank, or for any reason fails or refuses to accept any payment, the
Owner will not be held in default for failure to make such payment until 60 days
after the Grantee has notified the Owner of the name of another bank which will
act as the Grantee’s agent to receive the payments.

9.                    
Nothing contained in this Royalty Deed or any Schedule hereto will be construed
as conferring upon any person receiving a percentage of Net Smelter Returns any
right to or beneficial interest in the Property, and the right to receive a
percentage of Net Smelter Returns from the Owner as and when due is and will be
deemed to be a contractual right only, and will not be deemed to constitute the
Owner the partner, agent or legal representative of such person or to create any
fiduciary relationship between them for any purpose whatsoever.

10.                    The
Owner may, but will not be under any duty to, engage in price protection
(hedging) or speculative transactions such as futures contracts and commodity
options in its sole discretion covering all or part of production from the
Property and, except in the case where products are actually delivered and a
sale is actually consummated under this price protection or speculative
transactions, neither the profits or losses from such transactions will be taken
into account in calculating Net Smelter Returns or any interest therein.

11.                   
The Owner will be entitled to make all operational decisions with respect to the
methods and extent of mining and processing of ore, concentrate and metal
produced from the Property (for example, without limitation, the decision to
process by heap leaching rather than conventional milling).

12.                   
If the Property is brought into commercial production, it may be operated as a
single operation with other mining properties owned by third parties or in which
the Owner has an interest, in which event (notwithstanding separate ownership
thereof) ores mined from the mining properties (including the Property) may be
blended at the time of mining or at any time thereafter.

13.                   
If §12 applies, the respective mining properties will bear and have allocated to
them their proportionate part of costs described in §2(a) to (d) incurred
relating to the single operation, and there will be allocated to each of them
the proportionate part of the revenues earned relating to such single operation,
all as determined from records maintained in accordance with generally accepted
accounting principles.

14.                   
In making any such allocation, effect will be given to the tonnages of ore and
other material mined and beneficiated and the characteristics of such material
including the metal content of ore removed from, and to any special charges
relating particularly to ore, concentrates or other products or the treatment
thereof derived from, any of such mining properties.

- 3 -

15.                   
The Owner will ensure that reasonable practices and procedures are adopted and
employed for weighing, determining mineral content, sampling and assaying and
determining recovery factors.

16.                   
Except for payments of the Royalty, all notices, designations, or other
documents required or authorized by the terms of this Royalty Deed will be in
writing and will be personally delivered or mailed in Canada by registered or
certified mail, postage prepaid, return receipt requested, addressed to the
address of the intended recipient given by notice pursuant to the Agreement to
which this is a Schedule.

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