Mr. Philippe Cloutier reports

WEST CHIMO MINE SECTOR SHOWS NEW EXPLORATION POTENTIAL FOR CARTIER

Cartier Resources Inc. has released drill hole results from the program that is in progress at the Chimo mine project. The new results are from the West Chimo mine sector, located between the main underground infrastructures of the Chimo mine and up to 550 metres west of them. The Chimo mine property, which is 100 per cent owned by Cartier, is located 45 kilometres east of the Val d'Or mining camp.

"These drill results in the West Chimo mine sector clearly reveal the discovery potential of this new exploration sector, adjacent to the underground infrastructures of the Chimo mine. This sector has limited historical exploration and the gold zones known to date must be drilled further to increase their dimensions in order to optimize the full potential for increasing the resources of the Chimo mine project," commented Philippe Cloutier, president and chief executive officer.

West Chimo mine sector:

• Continuity below the 4BW gold zone: Drilling intersected 3.7 grams per tonne Au over six metres, including 20.2 g/t Au over one m, and 1.6 g/t Au over 15 m, including 22.8 g/t Au over 0.5 m. These new results, located below the 4BW gold zone, demonstrate the continuity at depth in order to increase its dimensions and resources.
• New gold-bearing intersections within the 5N structure: Drilling intersected 4.5 g/t Au over five m, including 14.7 g/t Au over one m, and 3.3 g/t Au over three m, including 7.4 g/t Au over one m. These new results, located 300 m west of the Chimo mine underground infrastructures, add to the historical results of 1.3 g/t Au over 13.7 m (drill hole 175-108) and 1.7 g/t Au over 7.8 m (drill hole 01-84-64) outlining the occurrence of a potential new gold zone.
• New gold-bearing intersections within the 6 structure: Drilling intersected 2.5 g/t Au over 13.3 m, including 8.9 g/t Au over 0.5 m. These new results, located 350 m west of the Chimo mine underground infrastructures, add to the historical results of 1.6 g/t Au over 7.1 m, including 5.1 g/t Au over 0.5 m (drill hole 07-87-32) in the 6 gold structure.

The geometry of the Chimo mine gold system should present a certain symmetry on either side of the main mineralized sector, called the Main Chimo mine sector. These drill results suggest the development of good discovery potential in the West Chimo mine sector, which is located near the Chimo mine infrastructure and which has been very little explored to date.

Reminder of the highlights of project:

• Recent positive preliminary economic assessment:
  • Posttax net present value (5 per cent) of $388-million and 20.8-per-cent internal rate of return;
  • Long-term gold price of $1,750 (U.S.)/ounce, exchange rate of $1 to 77 U.S. cents;
  • Payback period of 2.9 years and mine life of 9.7 years;
  • Capex of $341-million, average all-in sustaining cost of $755 (U.S.)/oz;
  • Cumulative posttax cash flow of $688-million;
  • Average annual production of 116,900 oz at a milled average of 4.6 g/t Au.
• Recent mineral resource estimate:
  • 720,000 ounces of gold in the indicated resource category;
  • 1,633,000 ounces of gold in the inferred resource category;
  • The Chimo mine project, currently being drilled over a length of 3.7 kilometres by 1.6 kilometres depth, now consists of 30 gold-bearing zones that are situated within 19 gold-bearing structures.

About Cartier Resources Inc.

Cartier Resources was founded in 2006 and is an advanced gold project exploration company based in Val d'Or. The company's projects are all located in Quebec, which has consistently ranked as one of the world's best mining jurisdictions. Cartier is advancing the development of its flagship Chimo mine project. The company has a strong cash position exceeding $3.5-million and a significant corporate and institutional endorsement, including Agnico Eagle Mines, O3 Mining and Quebec investment funds.

Qualified persons

The scientific and technical information on the company and the Chimo mine project in this news release was prepared and reviewed by Gaetan Lavalliere, PGeo, PhD, Cartier's vice-president, and Ronan Deroff, PGeo, MSc, Cartier's senior geologist, project manager and geomatician, both qualified persons as defined in National Instrument 43-101. Mr. Lavalliere approved the information contained in this press release.

Quality assurance/quality control

Cartier inserts in the batches of samples sent to the laboratory 5 per cent of the number of samples in the form of certified standards and another 5 per cent in the form of sterile samples to ensure quality control. The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boule, Que., Canada. Samples of three to five kilograms are crushed by the laboratory up to 90 per cent passing a mesh of 10 mesh (two millimetres) then 500 grams of sample is pulverized up to 90 per cent passing a mesh of 200 mesh (0.07 mm). The 50-gram pulps are analyzed by fire assay and are read by atomic absorption. Samples with results greater than or equal to one g/t and less than 10 g/t are reassayed by fire assay and read by atomic absorption. Results greater than or equal to 10 g/t Au are analyzed by fire assay with gravimetric reading. For samples containing visible gold, 500 g of rock are analyzed by the metallic sieve method.