Mr. Thomas Larsen reports

CARTIER IRON ANNOUNCES MICHEL G. GAGNON'S APPOINTMENT AS A DIRECTOR

Cartier Iron Corp. has appointed Michel G. Gagnon, ICD.D, as an independent member of its board of directors, effective immediately.

Mr. Gagnon is an innovative and highly accomplished executive with over 25 years of business and management experience in his native province of Quebec. In 2012, Mr. Gagnon was awarded CFO of the year in the private corporation category by the Quebec chapter of Financial Executives International Canada, an all-industry professional association for senior financial executives.

Mr. Gagnon is an executive currently developing a large energy project in Quebec. He is also a board member of a marine transportation company as well as one in the metals industry. Prior to November, 2012, Mr. Gagnon was employed for 20 years by Sept-Iles-based Aluminiere Alouette Inc., reaching the position of vice-president finance and business development, and corporate secretary. During his tenure at Aluminiere Alouette, Mr. Gagnon oversaw many major projects, including the expansion of its Sept-Iles facility, which stands as one of the largest private construction projects ever in Quebec, and it remains a world benchmark in the building and commissioning of aluminum plants. Under his guidance, the company became one of the highest-performing and most-respected aluminum companies in the world.

"We are excited to welcome Michel to the board of directors," commented Thomas Larsen, chief executive officer of Cartier Iron. "Michel's breadth and depth of experience in Quebec will be valuable to our team as we advance our Fermont area projects."

Cartier Iron also announces that Miles Nagamatsu has resigned as a member of the board of directors, effective immediately, but will continue contributing to Cartier Iron in his capacity as chief financial officer.

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