Cartier Resources Inc. provided an update of progress of its 2024 Drilling Program for the Chimo Mine Project. The Project comprises the Chimo Mine and East Cadillac properties, the latter of which was acquired on April 7, 2022. Cartier began exploring this new part of the Project on January 4th, 2024.

Both properties are 100% owned by Cartier and strategically located 45 km east of the Val-d?Or mining camp. The objective of the Program is to explore new gold zones adjacent to the Chimo Mine resources* area, within the Larder Lake - Cadillac faults corridor, with 165 drill holes for a total of 25,000 m. Drilling focuses on the 50 best historical results, from 780 drill holes dating from 1937 to 2021. The Favorable Gold Strike, explored by this Program, is 10 km long, 75% of which was acquired by Cartier in April 2022.Phase I of the Program was in the wetlands of the Project, which can be more practically drilled in the winter.

Phase II drilling operations will continue in forested areas on the remainder of the property, until the end of 2024. Beyond confirming the Project?s potential for high-grade gold mineralization at shallow depths along strike of the core Chimo Mine Gold System, the operational performance of the Program in frozen terrain, in exceptionally mild temperatures, was higher than expected » commented Cartier?s President and CEO, adding that « we are confident that high-grade gold structures continue even further east and west of the Chimo Mine resources* ».About the Chimo Mine Project: Positive PEA**, after tax: NPV5% of CA$388M and 21% IRR, MRE*: 720,000 ounces of gold in Indicated Resources and 1,633,000 ounces of gold in Inferred Resources.