FORM 6-K

800 West Pender Street, Suite 1020
Vancouver, British Columbia
Canada V6C 2V6
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F...X.... Form 40-F.........
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
 
 
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
 
 
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes ..... No .....
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
 
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
 
 
Date: December 29, 2003
 
* Print the name and title of the signing officer under his signature
 
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Amarc Resources Ltd.
1020 - 800 W Pender Street
Vancouver BC Canada
V6C 2V6 Canada
Tel 604 684 - 6365
Fax 604 684 - 8092
Toll Free 1 800 667 - 2114
www.hdgold.com
 
 
AMARC'S FINANCING INCREASED TO $4.4 MILLION

December 29, 2003, Vancouver, BC - Ronald W. Thiessen, President and CEO of Amarc Resources Ltd. (TSX Venture: AHR) is pleased to announce that, further to the Company's announcement on December 10, 2003 to raise $4.0 million through the private placement of Units at $0.55 each, that the Company has reached agreements in principle to increase the financing to $4.4 million on the same terms. The agreements are with a number of accredited investors, including approximately 22% participation from Company insiders, with a portion designated as flow-through units. The offering is subject to execution of definitive agreements and TSX Venture Exchange acceptance, which is expected in the ordinary course. Brokers' fees on the financing are to be paid at 7%, in cash, excluding those sold to Company insiders.

Proceeds from the placement will be used for Canadian exploration expenses, general corporate and working capital purposes. In particular, the Company has assembled a capable and focused exploration team to develop new plays directed toward the discovery of major new mineral deposits in British Columbia. Guided by the experienced management and technical staff at Hunter Dickinson, which has successfully found and developed a number of deposits in BC, Amarc's exploration team has already begun to assemble a portfolio of key projects for surveys in 2004, with the objective of defining targets for drilling.

For further details on Amarc Resources Ltd., please visit the Hunter Dickinson Inc. website at www.hdgold.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ Ronald W. Thiessen
 
Ronald W. Thiessen
President and CEO
 
No regulatory authority has approved or disapproved the information contained in this news release.
 
 
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission.