Mr. Tom Larsen reports

CARTIER SILVER ANNOUNCES COMMENCEMENT OF DIAMOND DRILLING ON THE GONALBERT PROPERTY, POTOSI DEPARTMENT, SOUTHERN BOLIVIA

Diamond drilling has commenced to test geophysical and geological targets for epithermal silver-lead-zinc mineralization on Cartier Silver Corp.'s Gonalbert property, Potosi department, southern Bolivia. The initial program will consist of five drill holes totalling 3,300 metres collared in the general vicinity of the artisanal silver mine.

Tom Larsen, chief executive officer of Cartier Silver, commented: "We are very excited to begin drill testing this promising epithermal polymetallic mineralization target. Initial previously reported geophysical and geological work (see Cartier press release dated June 7, 2023) outlined a target area that is 800 m by 500 m and extends to a depth of at least 400 m, the depth limit of the survey. Additional geophysical work has now extended this target zone a further one kilometre to the northwest. Significantly, the chargeability anomaly becomes stronger, especially at depths greater than 100 m, below a depleted, near-surface zone where sulphide mineralization has been extensively oxidized."

The additional geophysical work consisted of six induced polarization (IP/resistivity) lines surveyed by MES Geophysics in the northwest part of the Gonalbert property. The same array of eight 50-metre and four offset 100-metre dipoles was used to obtain chargeability and resistivity data to a depth of about 400 metres. The resistivity anomaly along the prominent west-northwest fault extends for an additional kilometre of strike length. The corresponding chargeability map shows an additional centre of chargeability at a depth of 100 metres. This chargeability anomaly extends west-northwestward from 218900E for about 250 m before it turns north along a crosscutting north-south fault. The chargeability and resistivity data add more than a kilometre of strike length to the mineralized structure that is being drill tested in the current program, showing the impressive lateral extent and strength of the mineralizing system at Gonalbert.

Qualified person

Dr. Bill Pearson, PGeo, a qualified person as defined under National Instrument 43-101, has reviewed and approved the scientific and technical content of this press release. Dr. Chris Hale, PGeo, supervised the geophysical surveys. Geological surveys were supervised by Dr. Osvaldo Arce, PGeo.

About Cartier Silver Corp.

Cartier Silver is an exploration and development company focused on discovering and developing its recently acquired silver property assets, including the Chorrillos project and claims staked by the company's subsidiary, all of which are located in the Potosi department of southern Bolivia. The company also holds significant iron ore resources at its Gagnon holdings in the southern Labrador Trough region of east-central Quebec, and the Big Easy gold property in the Burin Peninsula epithermal gold belt in the Avalon zone of eastern Newfoundland and Labrador.

We seek Safe Harbor.