Cartier Resources Inc. (TSXV:ECR) entered into a letter of agreement to acquire Verneuil Central and Verneuil West properties from Viking Gold Exploration Inc. and Golden Tag Resources Ltd for CAD 0.08 million on May 18, 2016. Under the terms of the agreement, Cartier Resources Inc. will pay CAD 0.03 million in cash and the issuance of 0.1 million common shares of Cartier Resources to Viking Gold Exploration Inc and CAD 0.01 million in cash and the issuance of 0.15 million common shares of Cartier Resources to Golden Tag Resources Ltd. The transaction is subject to Cartier obtaining all required regulatory approvals from the TSX Venture Exchange and execution of a final acquisition agreement, including customary representations, warranties, covenants and conditions for a transaction of such nature.

Cartier Resources Inc. (TSXV:ECR) completed the acquisition of Verneuil Central And Verneuil West Properties from Viking Gold Exploration Inc. and Golden Tag Resources Ltd on June 9, 2016.