News Column

CARTIER ANNOUCES THE CLOSING OF TWO PRIVATE PLACEMENTS FOR A TOTAL OF $625,760

July 1, 2014



ENP Newswire - 01 July 2014

Release date- 27062014 - Val-d'Or, Canada - Cartier Resources Inc. (TSX Venture Exchange: ECR) is pleased to announce the closing of two private placements without intermediate.

1. The first private placement is a non-flow-through private placement with accredited investors, directors, officers and friends and consists of 95 units for an amount of $95,760.

2. The second private placement is a flow-through private placement with accredited investors, directors, officers, friends and business associates and consists of 530 units for an amount of $530,000.

Each unit of the non-flow-through private placement, at a price of $1,008 per unit, is comprised of 8,400 common shares at a price of $0.12 per share and 8,400 common share purchase warrants. Each warrant entitles the holder to subscribe for one (1) common share at a price of $0.20 for a period of 24 months following the closing date. Thus, an aggregate of 798,000 common shares and 798,000 warrants were issued, of which 84,000 common shares and 84,000 warrants were issued to one insider of Cartier.

Under the flow-through private placement, each unit, at a price of $1,000 per unit, is comprised of 6,250 flow-through common shares at a price of $0.16 per share. Thus, the following securities were issued by Cartier, 3,312,500 flow-through shares at a price of $0.16 per share for an amount of $530,000, of which 50,000 flow-through shares ($8,000) were issued to one insider of Cartier.

The securities issued under both private placements are subject to a four (4) month and one (1) day statutory hold period.

The proceeds of both placements will be used by Cartier to conduct exploration, mainly on the Benoist project.

Contact:

Philippe Cloutier

President and CEO

Cartier Resources Inc.

Tel: 819 874-1331

Toll-free: 877 874-1331

Fax: 819 874-3113

Email: info@ressourcescartier.com

www.ressourcescartier.com


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Source: ENP Newswire