Mr. Thomas Larsen reports

CARTIER PROVIDES UPDATE ON ITS CHORRILLOS PROJECT, SOUTHERN BOLIVIA

Through its Bolivian subsidiary, Minera Cartier Bolivia SRL, Cartier Silver Corp. has acquired 30 per cent of the capital quotas of Empresa Minera Gonalbert SRL and Empresa Minera Segovia SRL, which are the registered titleholders of two separate properties -- the Gonalbert mining area and the Felicidad mining area -- both part of the company's Chorrillos project, located in southern Bolivia.

The acquisition was completed pursuant to the definitive acquisition agreement entered into between Cartier Bolivia and the vendors dated Dec. 12, 2022, whereby Cartier Bolivia completed staged payments aggregating $300,000 (U.S.) as consideration for 30 per cent of the vendors' capital quotas. As per the agreement, Cartier Bolivia can acquire 100 per cent of the vendors' capital quotas for aggregate consideration of $4.5-million (U.S.), to be paid in staged payments on or before Dec. 12, 2027. With the previously announced staking of additional claims covering 29.25 square kilometres immediately south and west of the Felicidad and Gonalbert properties and the acquisition of an additional claim in the same belt approximately five kilometres south of Tupiza, Bolivia, the holdings of Cartier Bolivia in the expanded Chorrillos project total 69.75 square kilometres.

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.

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