Mr. Philippe Cloutier reports

CARTIER CLOSES PRIVATE PLACEMENT FINANCING

Cartier Resources Inc. has closed its previously announced private placement for aggregate gross proceeds of $204,000, with 1,457,143 common shares of Cartier issued at a price of 14 cents per common share. Agnico Eagle now owns approximately 15.55 per cent of the issued and outstanding cosmon Shares on a non-diluted basis and 17.33 per cent of the issued and outstanding common shares on a partially diluted basis.

The proceeds from the private placement are expected to be used for exploration at Cartier's Chimo mine project in the Val d'Or mining camp in Quebec.

The securities issued under the private placement will be subject to a four-month statutory hold period.

About Cartier Resources Inc.

Cartier, which was founded in 2006, is an exploration company based in Val d'Or. Cartier's projects are all located in Quebec, which regularly ranks among the best mining jurisdictions in the world. Cartier is advancing the development of its flagship Chimo mine project and actively exploring its other projects. Cartier has a solid cash position exceeding $4.0-million and significant corporate and institutional supports, notably with Agnico Eagle, O3 Mining and the Quebec investment funds.

We seek Safe Harbor.