Cartier Resources Inc. announced that it has filed on SEDAR the NI 43-101 technical report of the Preliminary Economic Assessment ("PEA") titled NI 43-101 Technical Report and Preliminary Economic Assessment for the Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, prepared in accordance with National Instrument 43-101 Standard of Disclosure for Mineral Projects (NI 43-101). This NI 43-101 compliant report produced by InnovExplo Inc. for Cartier presents the results of the Preliminary Economic Assessment (PEA) for the Chimo Mine Property and the West Nordeau Gold DepOSits, located along the Larder Lake - Cadillac fault, 45 km east of Val-d'Or, Quebec, Canada. The positive results of the study demonstrate the economic viability at the PEA-level for the project as well as several optimization opportunities related to the characteristics of the Project.

Two drills are in operation on the property and the results continue to increase the size of the gold zones with a view to continuing to increase the project's resources, commented Philippe Cloutier, President and CEO. Adding, that: strategic solutions are being studied to further push the development of the project. The reader is advised that the PEA summarized in this news release is intended to provide only an initial, high-level review of the project potential and design options.

The PEA mine plan and economic model include numerous assumptions and the use of inferred mineral resources. Inferred mineral resources are considered to be too speculative to be used in an economic analysis except as allowed for by NI 43-101 for PEA studies. There is no guarantee that inferred mineral resources can be converted to indicated or measured mineral resources, and as such, there is no guarantee the project economics described herein will be achieved.

The study presents an underground mining operation with 280 employees that uses conventional longitudinal longhole stoping at a mining rate of 4,500 tpd. Mined mineralized material will be sorted using automated sensor-based sorting technology with an expected concentration ratio of 1.85 and a recovery rate of 91.9%. The sorted mineralized material would then be processed in a concentrator using a gravity separator followed by a carbon-in- leach process with a capacity of 3,000 tpd for an estimated recovery rate of 93.1%.

The current plan of operations assumes an average annual production of 116,900 oz for a mine life of 9.7 years.