AXREF
Amarc Resources Ltd.

Carol Li is a Canadian Chartered Professional Accountant (CPA) with over 20 years of financial and executive management experience. Prior to joining Ascot Resources Limited in November 2017, Ms. Li spent eight years at Quadra Mining Ltd./Quadra FNX Mining Ltd. as Corporate Controller and then five years at its successor KGHM International Ltd. as Vice President, Finance. She was a key member in the leadership team that transitioned the company from one mine junior producer to a multi-national company with six operating mines and three development projects. Before joining Quadra Mining, Ms. Li held various senior financial roles at Cartier Partners Securities and FPC Investment Inc. Ascot owns 12% of StrikePoint Gold, Ms. Li, serves as Ascot's representative on the StrikePoint (TSXV:SKP) board of directors.

Mr. Thomas has practiced in the areas of corporate commercial, corporate finance, securities, and mining law since 1995, both in the private practice environment as well as in-house positions and is currently general counsel for Hunter Dickinson Inc. Prior to joining Hunter Dickinson Inc. he served as in-house legal counsel with Placer Dome Inc.