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Cartier Intersects Three Visible Gold-bearing Zones on Chimo Mine Property

VAL-D'OR, QUEBEC -- (Marketwired) -- 12/01/16 -- Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces that it has completed a drill programme on the East Block of the Chimo Mine property. Visible gold grains were observed in three (3) structures over drill core lengths ranging from 0.2 to 1.7 meters.

The programme, consisting of six drill holes for a total of 2,517 m, aimed at testing the eastern extension of the 5M zone, the main gold-bearing structure of the Chimo Mine. The Chimo Mine, situated 45 km east of Val-d'Or produced 379,012 ounces of gold (Source: MRNF, DV 85-05 to 97-01) of which two thirds were extracted from the 5M zone.

The drill holes intersected the 5M zone characterized by graphite-chlorite-biotite zones and numerous smoky quartz veins and veinlets with disseminated arsenopyrite. The 5M zone is now traced up to 700 m east of the Chimo shaft and remains open at depth.

In addition, to the 5M zone, several structures with gold-bearing potential (presence of smoky quartz-biotite-tourmaline veins, disseminated and semi-massive arsenopyrite-pyrrhotite) were intersected and represent extensions of other known gold-bearing zones on the project.

Core mapping and sampling has been completed. Samples for the first two holes have been sent to the laboratory and assays are pending. Samples from the four remaining holes will be sent to the laboratory over the next few days.

"Our first diamond drill programme on the Chimo Mine project was successful in demonstrating the continuity of the main gold-bearing 5M zone up to 700 meters east of the shaft" commented Philippe Cloutier, President and CEO, adding "as well as intersecting the 5M zone, several structures with gold-bearing potential were intersected of which three show visible gold".

Quality Assurance / Quality Control

The scientific and/or technical information presented in this press release has been reviewed and approved by Mr. Gaetan Lavalliere, P. Geo., Ph. D., and Vice President for Cartier. Mr. Lavalliere is a qualified person as defined by National Instrument 43-101.

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.

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