Mr. Philippe Cloutier reports

CARTIER CUTS 15.7 G/T AU OVER 3.0 M IN NEW VG ZONE OF THE CHIMO MINE PROJECT

Cartier Resources Inc. has released drill results constituting the new VG gold zone, located north of the West Nordeau deposit of the Chimo mine project. The project, comprising the Chimo mine and East Cadillac properties, is 100 per cent owned by Cartier and located at 45 kilometres east of the Val d'Or mining camp.

Highlights of press release:

• New gold-bearing VG zone, including the following results:
  • 15.7 grams per tonne gold over 3.0 metres, including 75.9 g/t Au over 0.5 m and 10.5 g/t Au over 0.5 m;
  • 14.2 g/t Au over 1.0 m;
  • 6.4 g/t Au over 2.0 m;
  • 10.7 g/t Au over 0.8 m;
• New VG zone demonstrates potential of 15-kilometre gold strike of the Chimo mine project.

The VG zone, currently made up of five high-grade gold drill intersections (see attached tables), is located between 75 m and 150 m depths. A drill intersection with similar gold grades is also present below the VG zone, at a depth of 300 m, down plunge of the mineralized zones of the project. High-grade gold intersections are also present respectively at 275 m to the west and 550 m to the east of the VG zone, defining the VG structure over a strike length of 850 m.

"The gold results from this new VG zone demonstrate the potential of the gold deposits, showings and intersections located along the 15-kilometre favourable strike of the Chimo mine project," commented Philippe Cloutier, president and chief executive officer.

Reminder of the highlights of the Chimo mine project:

• Recent positive preliminary economic assessment:
  • After-tax net present value (discounted at 5 per cent) of $388-million and 20.8-per-cent internal rate of return;
  • Average annual production of 116,900 ounces of gold at a milled average of 4.6 g/t Au for a 9.7-year mine life;
  • Payback period of 2.9 years;
  • Long-term gold price of $1,750 (U.S.) per ounce; exchange rate of $1 to 77 U.S. cents;
  • Capex (capital expenditure) of $341-million; average all-in sustaining cost of $755 (U.S.) per ounce;
• 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 main portion of the Chimo mine project, 3.7 km long east-west, 1.6 km high and 500 m thick north-south, consists to date of 20 gold structures, including 31 gold zones;
• 53 per cent of diluted and recoverable ounces of gold are contained in two gold structures (5B and 5N);
• 46 per cent of diluted and recoverable ounces of gold are contained in five gold zones (5BE, 5NE1-5NE2, 5B and 5NE).

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 cash position exceeding $2.6-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 Dr. 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 (2.00 millimetres), then 500 grams of sample are pulverized up to 90 per cent passing a mesh of 200 mesh (0.07 millimetre). The 50-gram pulps are analyzed by fire assay and are read by atomic absorption. Samples with results greater than or equal to 1.0 g/t and less than 10.0 g/t are reassayed by fire assay and read by atomic absorption. Results greater than or equal to 10.0 g/t Au are analyzed by fire assay with gravimetric reading. For samples containing visible gold, 500 grams of rock are analyzed by the metallic sieve method.