gold

Towards the middle of March, Philippe Cloutier, CEO of Cartier Resources (ECR.V) got on the first of at least a dozen planes flying around the world to market the Cartier story: London, Paris, Frankfurt, Munich, Hong Kong and Singapore. Cloutier was spreading the word to investors worldwide.

Exploration and development stories take a while to ripen. It is one thing to have targets stretching over 15 kilometres of prime gold ground along the Abitibi belt. But for serious investors to be interested, those targets have to be drilled and the results posted. Which is exactly what Cartier has been doing.

Since September 2025, Cartier has put out ten results-driven news releases, one every two weeks or so. Each reports two or three fairly short holes, all report good to excellent gold values. Most of the holes have encountered relatively shallow gold mineralization.

In the process, Cartier is racking up gold ounces in “inventory” and gaining a profound understanding of the geological structures which host the gold. In its most recent news release, Cartier disclosed the discovery of “a new style of gold mineralization (intrusion-related gold deposits) within the underexplored Pontiac sedimentary Group in Hope Sector”. A style of mineralization which is similar to “large-scale gold mineralization typical of porphyry intrusion-related systems in the Pontiac sediments that are reminiscent of the Canadian Malartic Camp”.

Early days and all, “Sure, we’re drilling in places we had not planned to drill,” said Cloutier in a phone call. “It’s a long shot, but it could be another Canadian Malartic”.

Canadian Malartic was initially developed by Osisko Mining as a huge open pit operation producing hundreds of thousands of ounces of gold per year. It was sold to a partnership between Yamana Gold and Agnico Eagle in 2014, and Agnico bought out Yamana in 2023. It is 25 km West of Val-d’Or and is Canada’s largest gold mine. Here’s a picture for scale:

A gold camp on the scale of Canadian Malartic would transform Cartier, and that is exactly what Cloutier is looking for.

And it is not as long a shot as you might imagine. Malartic was, prior to Osisko’s massive development, an area which hosted several underground gold mines. Mines which were similar to the Chimo mine on the Cadillac Project, which was where Cloutier started drilling up his resource. The Chimo mine went down nearly 1000 meters with 19 levels of workings. It was very typical of the mines on the Abitibi belt.

So, when Cloutier was meeting with one of the two hundred people and groups he spoke to on his round-the-world trip, he had results to discuss and a much larger concept to bring into play. Being able to mention Canadian Malartic in the context of the Cadillac project will perk up the ears of gold mining investors. When Osisko began consolidating the Malartic project in 2004, it was trading as a junior explorer at less than a $1.00, when Canadian Malartic was bought out in 2014, the shares were worth about $8.00.

The Hope Sector is one, somewhat unexpected, part of the overall Cadillac project. You can get a sense of the scope of the potential gold camp from this map:

Cloutier had never taken the Cartier story to Asia. This time he did. He worked with a Hong Kong investment bank, which arranged meetings with institutional investors and family offices. Cloutier was well received wherever he went.

“Clearly, in Asia, there is a real understanding of gold as a store of value,” said Cloutier. “There was no real resistance, but there was uncertainty because of the events in Iran.”

“It was interesting. Great questions,” said Cloutier. “And all the meetings went over their allotted time.”

“One question which came up was “How is the dynamic with Agnico Eagle?” It’s a question I like because Agnico owns 27% of Cartier, and people expect them to buy us out. But our relationship with Agnico is great. Agnico has grown very rapidly, and as long as we stick with our plan, there is no reason for them to buy us out.”

“Another gentleman told me, “We reviewed Cartier six years ago,” I replied that the company had evolved since then. “I know. Why do you think I am here?”

“In fact, we’re setting the stage for a transformative year,” said Cloutier. “Something needs to happen this year. We’re at an inflection point.”

It’s not obvious what that something is. But the recent appointment of Glenn Mullan to Cartier’s Board is suggestive.  As Chairman of the Board, Daniel Massé puts it, “As Cartier continues to advance on its strategic path, the appointment of Glenn Mullan represents a meaningful addition to our Board. Glenn brings a highly complementary combination of geological, corporate and capital markets expertise, together with a strong track record of value creation in the mining sector. His insight and experience will be particularly valuable as the Company moves forward with increasing focus, added depth and a clear vision for the future.”

Mullan has led two resource companies to acquisition by larger companies. He is experienced on the royalty side of the game as well.

Transformation can come in many guises. The only thing certain is that Philippe Cloutier will do all he can to ensure that his shareholders benefit from any transformative event.

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the appointment of Mr. Glenn Mullan to its Board of Directors.

Mr. Mullan brings to Cartier a rare combination of technical depth, capital markets knowledge, governance experience and proven leadership in the Canadian mining industry. His appointment comes at a key time for the Company, as Cartier continues to sharpen its strategic focus and advance the Cadillac Project with a view to unlocking the next phase of value creation.

With over four decades of experience spanning mineral exploration, project advancement, corporate development and public company leadership, Mr. Mullan is expected to make an important contribution as Cartier continues to build momentum and strengthen its position in the Val-d’Or mining camp. His addition to the Board further enhances the Company’s capacity to execute on its priorities and support the disciplined advancement of its assets.

“As Cartier continues to advance on its strategic path, the appointment of Glenn Mullan represents a meaningful addition to our Board,” said Daniel Massé, Chairman of the Board of Directors. “Glenn brings a highly complementary combination of geological, corporate and capital markets expertise, together with a strong track record of value creation in the mining sector. His insight and experience will be particularly valuable as the Company moves forward with increasing focus, added depth and a clear vision for the future.”

On April 8, 2026, Cartier granted 300,000 stock options to Mr. Mullan in connection with his appointment as Director. These options are exercisable at a price of $0.23 per share and expire on April 7, 2031, in accordance with the terms of the Company’s stock option plan. Each option entitles the holder to acquire one common share of the Company.

About Glenn Mullan

Glenn Mullan was the founder and served as President, Chief Executive Officer and Chairman of Golden Valley Mines Ltd. from 2000-2021 and was also the founder and Executive Chairman of Abitibi Royalties Inc. (2010-2021) until both companies were taken over by an NYSE listed public company. He currently serves as a director of several other natural resource issuers listed on the TSX Venture Exchange.

A geologist and prospector by training, Mr. Mullan played an instrumental role in the advancement of the major Canadian Royalties Inc. nickel discoveries in Nunavik, Northern Quebec, from discovery through to feasibility and takeover by a Chinese nickel mining group. He served as President of the Prospectors & Developers Association of Canada (PDAC) from 2016 to 2019. Mr. Mullan holds a Bachelor of Science in Geology from Concordia University (1992) and earned the ICD.D designation from the Institute of Corporate Directors in Montreal in 2007.

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre segment of the prolific Cadillac Fault, represents one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset combines the historic Chimo Mine and East Cadillac properties, giving the Company a dominant position in one of Canada’s most established gold districts.

With excellent road access, year-round infrastructure and nearby milling capacity, the Project is well positioned for continued advancement. The Cadillac Project hosts total gold resources of 767,800 ounces in the measured and indicated categories (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all sectors. Readers are referred to the NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada, prepared by Pierre-Luc Richard, P.Geo. (PLR Resources Inc.), Stephen Coates, P.Eng. (Evomine Consulting Inc.) and Florent Baril, P.Eng. (Bumigeme Inc.), with an effective date of January 27, 2026.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:

Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

 Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the seventh batch of results from the 100,000-m drilling program (2 drill rigs), for the Contact Sector and more precisely, the North Contact Zone (″ NCZ ″) and its east extension, on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The NCZ consists of three parallel high-grade gold zones: NC1, NC2 and NC3, spaced approximately 50 m apart.

Strategic Highlights from Contact Sector

Drill Hole Results (Figures 1 to 4)
NCZ East Extension

• CA25-559 intersected 54.6 g/t Au over 1.0 m including 85.1 g/t Au over 0.5 m (NC1 Zone).
• CA25-558 graded 4.4 g/t Au over 6.0 m including 23.2 g/t Au over 1.0 m (NC3 Zone).
• CA25-557 reported 7.5 g/t Au over 0.5 m (NC3 Zone).

NCZ

• CA25-554 intersected 1.5 g/t Au over 15.5 m (NC3 Zone).
• CA25-547 graded 1.2 g/t Au over 13.2 m (NC3 Zone).
• CA25-552 reported 1.0 g/t Au over 10.5 m (NC3 Zone).

Significance for Investors

• Holes CA25-557, 558 and 559 discovered high-grade gold zones 500 metres along eastern strike extension of the NC1 and NC3 gold zones, significantly expands the North Contact main mineralized system. These new results, consistently associated with visible gold grains and sulphides, demonstrate the gold-fertile and robust geological continuity of the Contact Sector.
• Holes CA25-547, 552 and 554 confirmed NCZ extends to surface and remains open at depth, supporting the potential for shallow development scenarios and significant resource expansion. The NCZ represents an extensive and large mineralized gold system (400 m in strike length by 300 m in depth), comprised of multiple stacked gold zones with significant grades, widths and continuity.
• The combination of exposed bedrock, minimal overburden (5 m) and proximity to year-round road access (250 m) positions Contact Sector as a highly strategic asset for more flexible operating scenarios and further improving the project economics.

Next Steps

• Further expansion drilling is planned to expand NCZ gold mineralization at depth (300-600 m), connect footprint of NCZ and its eastern extensions and determine gold enrichment with the primary objective of upgrading the mineral resource estimate.
• Additional exploration drilling is required to test several new high-priority regional targets along strike of the Contact Sector and the Héva Fault Zone, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting.

” This discovery and results conclude what was planned at the Contact Sector of the current 100,000-meter program. Obviously, we’re convinced of the high gold potential of this segment of the Héva Fault and we are actively working to increase the current drilling program to 250,000 metres. The Contact Sector will no doubt receive focussed attention. This expanded campaign is designed to unlock maximum shareholder value and demonstrate the Cadillac Project’s potential as a mining camp scale. ” – Philippe Cloutier, President and CEO of Cartier.

” The North Contact Zone, its new eastern extensions and the systematic presence of visible gold grains over 1 km of the Héva Fault Zone highlights the strength and scale of the gold system. This newly identified fault is rapidly becoming a highly growth opportunity for the Cadillac project and defined by numerous untested geophysical anomalies over 5 km, readily accessible, providing huge upside potential for making gold discoveries. Our team is currently designing the add-on drill program to ready timely execution and strong results for shareholders. ” – Ronan Deroff, Vice President Exploration of Cartier.

Table 1: Drill hole best assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-75% of the reported core length intervals.

Figure 1: Location of the new drill results (regional plan view)

Figure 2: Location of the new drill results (regional longitudinal section)

Figure 3: Plan view, cross and long sections of the Contact Sector

Figure 4: Photos of the drill core from holes CA25-558 and CA25-559

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone with inferred resources of 136,700 ounces (2.1 million tonnes at 2.0 g/t Au) and several newly defined high-priority drill targets.

The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Preliminary Economic Assessment (2026)

Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

Table 2: Drill hole collar coordinates from Contact Sector

Table 3: Drill hole detailed assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-75% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay™ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (“Actlabs”), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″ NI 43-101 ″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors. Please see the ″ NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada. Pierre-Luc Richard, P.Geo. of PLR Resources Inc., Stephen Coates, P.Eng. of Evomine Consulting Inc. and Florent Baril, P.Eng. of Bumigeme Inc. ″, effective January 27, 2026.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the sixth batch of results from Main Sector from the 100,000-m drilling program (2 drill rigs) on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec).

Strategic Highlights from Main Sector

Drill Hole Results (Figures 1 to 4)
5B3/5C3 Zones

• CA25-300 intersected 29.6 g/t Au over 1.7 m including 54.3 g/t Au over 0.9 m (5B3 Zone).
• CA25-303 graded 13.2 g/t Au over 1.0 m (5C3 Zone).
• CA25-301 intersected 2.7 g/t Au over 5.0 m including 8.0 g/t Au over 1.0 m (5C3 Zone).

5B4 Zone

• CA25-295 intersected 4.9 g/t Au over 3.1 m.
• CA25-292A graded 3.1 g/t Au over 4.0 m.
• CA25-296 intersected 2.3 g/t Au over 8.0 m.

Significance for Investors

• Holes CA25-300, 301 and 303 identified two new high-grade gold zones (5B3 & 5C3), demonstrating strong potential for depth expansion and meaningful cost reductions. These new discoveries are strategically located midway between Chimo Deposit (683,300 ounces in measured and indicated resources and 904,000 ounces inferred resources) and East Chimo Deposit (1,400 ounces indicated resources and 464,700 ounces inferred resources), supporting more efficient mine planning and development.
• Holes CA25-292A, 295, and 296 confirmed 5B4 Zone (East Chimo Deposit) extends to surface, opening the door to more flexible operating scenarios and further improving the project economics. This gold zone is now continuous from surface to 1,300 m and still open at depth, signaling significant upside potential for resources growth.

Next Steps

• Additional drilling is required on the new 5B3/5C3 Zones to expand gold mineralization at depth, which hosts the same style of mineralization than Chimo and East Chimo deposits.
• Further exploration drilling is already planned to test several new high-priority regional targets at Main Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting, reinforcing the potential for additional gold discoveries.

” These new high-grade discoveries between the Chimo and East Chimo deposits demonstrates the continuity of mineralization in this area and reinforces our confidence in the project’s growth potential. Confirming near-surface mineralization positions us to advance Cadillac with greater flexibility and improved capital efficiency. ” – Philippe Cloutier, President and CEO of Cartier.

” These results are very encouraging and mark an important step forward. Drilling has now shifted west of the historical shaft, a largely underexplored area known to host multiple gold occurrences. As we continue to advance the drill program, we see strong potential for resource expansion in the western portion of the Main sector, which could add significantly value to the overall project. ” – Ronan Deroff, Vice President Exploration of Cartier.

Table 1: Drill hole best assay results from Main Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 65-85% of the reported core length intervals.

Figure 1: Location of the new drill results (regional plan view)

Figure 2: Location of the new drill results (regional longitudinal section)

Figure 3: Plan view, cross and long sections of the Main Sector

Figure 4: Photos of the drill core from holes CA25-295 and CA25-300

Main Sector

The Main Sector is a highly prospective area featuring several newly defined high-priority drill targets and gold deposits including Chimo, East Chimo and West Nordeau with measured and indicated resources of 736,600 ounces (9.4 million tonnes at 2.4 g/t Au) and inferred resources of 2,036,800 ounces (29.1 million tonnes at 2.2 g/t Au). In addition, two new high-grade gold zones were discovered during Cartier’s latest drilling campaigns, including the VG9 and VG10 zones.

The three deposits lie along an east-west trending, sheared corridor (Cadillac Fault Zone) and occur at the contact between the hanging wall turbiditic sedimentary rocks (wacke-mudrock), locally conglomerates and iron formations of Cadillac Group and the footwall mafic volcanics (basalt) of Piché Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The Main Sector, defined by at least twenty-six sub-parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky and white quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as pyrite and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones (Brownfield Growth) and test new shallow surface high-potential targets (Greenfield Discovery). The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Preliminary Economic Assessment (2026)

Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

Table 2: Drill hole collar coordinates from Main Sector

Table 3: Drill hole detailed assay results from Main Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 65-85% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay™ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (“Actlabs”), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 million tonnes at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 million tonnes at 2.1 g/t Au) across all the sectors. Please see the Cartier’s December 18, 2025 news release titled ″ Cartier Reports Significant Gold Resource Growth At Cadillac With 9,953,000 tonnes at a grade of 2.40 g/t Au for 767,800 Ounces Measured and Indicated, a 7% Increase and 35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 Ounces Inferred, a 48% Increase. ″

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/464565de-55ee-4422-a5d9-4c7de5d63d2e

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Cartier Resources Inc. (″Cartier″ or the ″Company″) (TSXV: ECR; FSE: 6CA) is pleased to announce the results of the Updated Mineral Resource Estimate (“MRE”) on its 100% owned flagship Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The updated estimates include approximately 110,000 metres of drilling completed by Cartier from 2016 to 2024 as well as 420,000 metres drilling completed by previous mining companies. The MRE was independently prepared by PLR Resources Inc. and Evomine, specialists in mineral resource estimates and project evaluations, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and is dated December 17, 2025.

Strategic & Investment Significance Highlights of the Updated Mineral Resource Estimate

• Growing gold resource: Compared to the 2023 Preliminary Economic Assessment (″PEA″), total gold resources now contains 9,953,000 tonnes at a grade of 2.40g/t Au for 767,800 ounces Measured & Indicated (“M&I”) (a 7% increase) and 35,185,000 tonnes at a grade of 2.14g/t Au for 2,416,900 ounces Inferred (a 48% increase), following the first-ever consolidation (2022) of all gold sectors across the entire Cadillac project.
• Increasing confidence & de-risking: M&I resources represent 25% of total resources, including 5,988,000 tonnes at a grade of 2.61g/t Au for 502,600 ounces Measured, strengthening the project’s development profile.
• Flexible development pathways: 12% of total gold resources are pit-constrained, offering near-term optionality with 3,500,000 tonnes at a grade of 1.84g/t Au for 207,800 ounces M&I and 4,740,000 tonnes at a grade of 1.13g/t Au for 172,600 ounces Inferred.
• Large underground resource & existing infrastructure advantages: Over 88% of total gold resources are underground-constrained with 6,450,000 tonnes at a grade of 2.70g/t Au for 559,900 ounces M&I and 30,450,000 tonnes at a grade of 2.29g/t Au for 2,244,200 ounces Inferred. This large resource is supported by valuable historical infrastructure including a 920 m shaft, 500 m ramp and 7 km of drifts, these could significantly reduce future capital requirements and allow management to adapt development strategies.
• Camp-scale upside potential: Gold sectors extend over 9 km along the Cadillac and Héva Fault Zones, covering 66% of a 15 km highly prospective gold corridor, leaving 6 km of strike with strong upside potential to be fully explored for resource expansion.
• High-quality core sector: The Main Sector (Chimo, East Chimo and West Nordeau deposits) hosts 87% of total resources within a 3 km mineralized trend and remains open at depth and along strike, providing strong leverage to further drilling success.
• Significant exploration target: A conceptual exploration target of 8 to 12 Mt of mineralization grading between 2.2 to 2.8 g/t Au, representing 600,000 to 1,100,000 ounces of gold, highlights the project’s potential to materially grow beyond the current resource base.

“The updated gold resource, incorporating both pit-constrained and underground scenarios, represents a new achievement and positions Cartier with a high degree of development flexibility at the Cadillac Project. This optionality enhances the project’s strategic value and will be further assessed through an updated PEA. Cadillac stands out as one of the few large-scale Quebec gold projects still delivering rapid resource growth, situated in a top-tier, pro-mining jurisdiction with established infrastructure and workforce. We look forward to advancing key value-creation milestones in 2026.” – Philippe Cloutier, President and CEO of Cartier.

“Since acquiring the project in 2016 and consolidating the east–west extensions in 2022, the Cartier team has systematically de-risked and enhanced the asset’s gold potential through consistent exploration success and a robust, standardized geological model. The ongoing 100,000-m drilling program is designed to test the property at a mining camp scale, support continued resource growth, and deliver meaningful exploration and blue-sky upside, positioning the project for further value-accretive discoveries.” – Ronan Deroff, Vice President Exploration of Cartier.

Upcoming Milestones

100,000 m drilling program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones (0 to 300 m deep) and test new shallow surface high-potential targets. The Company has implemented VRIFY’s AI-Assisted Mineral Discovery Platform (DORA) to guide exploration priorities and optimize drill targeting across the land package. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac and Héva Fault Zones.

Environmental baseline studies & economic evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical sampling and testwork program (Q4 2025 to Q1 2026)

The comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving revenue generation and reducing the environmental footprint.

Preliminary economic assessment (2026)

Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

Table 1: Results of the Updated Mineral Resource Estimate

1. The independent qualified persons for the MRE, as defined by National Instrument (“NI”) 43-101 guidelines, is Pierre Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Stephen Coates, P.Eng., of Evomine Consulting for cut-off grade estimation and open pit and underground stope optimization solids.
2. These Mineral Resources are not mineral reserves as they have no demonstrated economic viability. No economic evaluation of these Mineral Resource has been produced. The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient drilling to define these Inferred Resources as Indicated. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated category with continued drilling.
3. The Qualified Persons are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issues that could materially affect the Mineral Resource Estimate.
4. Calculations used metric units (metres, tonnes). Metal contents in the above table are presented in gram per tonne and troy ounces. Metric tonnages and ounces were rounded, and any discrepancies in total amounts are due to rounding errors.
5. CIM definitions and guidelines for Mineral Resource Estimates have been followed.

Table 2: Sensitivity analysis with different gold price assumptions

Figure 1: Plan View of Gold Resources by Gold Sectors

Figure 2: Long Section of Gold Resources by Category

Figure 3: Significant Gold Resource Growth

Table 3: General stope parameters used of the Mineral Resource Estimate

Table 4: General pit parameters used of the Mineral Resource Estimate

Notes Accompanying the Mineral Resource Estimate

• Resources are presented as undiluted and in situ for the open-pit scenario within 5m x 5m x 5m blocks and include internal dilution for the underground scenario and are considered to have reasonable prospects for economic extraction. The constraining pit shell was developed using overall pit slopes of 50 degrees. The pit optimization to develop the mineral resource-constraining pit shells was done using the pseudoflow algorithm in Deswik software. The stope optimization to develop the underground mineral resource was done using Deswik.SO software.
• The MRE wireframe was prepared using Leapfrog Edge v.2025.1.1 and is based on 4,477 drill holes, totalling 535,360 meters drilled and 167,978 assays. The cut-off date for the drill hole database was February 17, 2025.
• Composites of 1.0 metre were created inside the mineralization domains. High-grade capping was done on the composited assay data. Based on individual statistical study for each zone, composites were capped between 5.0 g/t Au and 110.0 g/t Au for the high-grade zones, and between 1.0 g/t Au and 5.0 g/t Au for the low-grade zones.
• Pit constrained Mineral Resources for the base case are reported at a cut-off grade of 0.30 g/t Au; DSO-constrained Mineral Resources for the base case are reported at a cut-off grade of 1.00 g/t Au and include internal dilution (must-take). The cut-off grades will be re-evaluated in light of future prevailing market conditions and costs.
• Specific gravity values were estimated using data available in the drill hole database. Density values between 2.80 and 2.88 were applied to the model for hard rock and 2.00 for overburden.
• Grade model resource estimation was calculated from drill hole data using an Ordinary Kriging interpolation method in a sub-blocked model using blocks measuring 5 m x 5 m x 5 m in size and sub-blocks down to 0.625m x 0.625m x 0.625m. Ordinary kriging (OK), inverse square distance (ID2), Nearest neighbour (NN) interpolation methods were tested, resulting in no material difference in the Mineral Resource Estimates.
• The Measured, Indicated and Inferred Mineral Resource categories are constrained to areas where drill spacing is less than 12.5m, 25m and 100 metres respectively and show reasonable geological and grade continuity. An additional requirement for the Measured category is the close proximity of underground infrastructure. Cookie cutters were used to define categories based on the above parameters. Based on historical mining and geological knowledge of the deposit, drill spacing was increased up to 140m in the shoot direction to define inferred resources for some zones.

Conceptual Exploration Target

A significant Exploration Target was identified during the preparation of the MRE. This conceptual Exploration Target is integrated into the model used for the MRE, with the aim of facilitating future targeting and drill hole planning.

Highlights of the Exploration Target

• Estimated total of 8 to 12 million tonnes of mineralization grading between 2.2 to 2.8 g/t Au, representing 600,000 to 1,100,000 million ounces of gold.

Disclosure warnings in respect to an exploration target review

• An exploration target is not a National Instrument 43-101 compliant resource or reserve.
• The Exploration Target is confirmed only as a target for further exploration.
• Potential quantity and grades are conceptual in nature only.
• There has not been sufficient drilling to define any mineral resource on this Exploration Target; drilling intercepts crosscut the Exploration Target but drill spacing is too scarce to classify these blocks as Inferred Mineral Resources.
• There is no certainty that further drilling will result in the target being delineated as a mineral resource.
• The assessment of the target for further exploration was completed by PLR Resources, a consultant independent of the company. The estimation of the potential quantity and grade of the exploration target was based on the same drill hole database used for the Mineral Resource Estimate. With the available drilling information, PLR developed conceptual mineralized zones. Core samples were composited, and the composited gold assays were capped (similarly to the Mineral Resource Estimate). The gold values were interpolated into a three-dimensional block model using Ordinary Kriging. To estimate a tonnage, PLR used the same specific gravity values used for the Mineral Resource Estimate.
• Underground DSO stopes were run to constrain the Exploration Target.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

The independent qualified persons for the MRE, as defined by National Instrument 43-101 guidelines (″NI 43-101″), is Pierre-Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Stephen Coates, P.Eng., of Evomine Consulting for cut-off grade estimation and open pit and underground stope optimization solids.

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

Cautionary Statement Regarding Mineral Resources

The mineral resources disclosed in this press release conform to NI 43-101 standards and guidelines and were prepared by independent qualified persons. The above-mentioned mineral resources are not mineral reserves as they do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological grade and/or quality of continuity. An Inferred Mineral Resource has a lower level of confidence relative to a Measured or Indicated Mineral Resource and constitutes an insufficient level of confidence to allow conversion to a Mineral Reserve. It is reasonably expected, but not guaranteed, that the majority of Inferred Mineral Resources could be upgraded to Measured or Indicated Mineral Resources with additional drilling. The National Instrument 43-101 Technical Report, including the mineral resources contained in this news release, will be delivered and filed on SEDAR within 45 days of the date of this news release.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the fifth batch of results from the fully funded 100,000-m drilling program (2 drill rigs), for the Contact Sector and more precisely, the North Contact Zone (″ NCZ ″), on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The NCZ consists of three parallel high-grade gold zones: NCZ1, NCZ2 and NCZ3, spaced approximately 50 m apart.

Strategic Highlights from Contact Sector

Drill Hole Results of NCZ (Figures 1 & 2)

• CA25-551 intersected 16.2 g/t Au over 3.5 m included in 5.9 g/t Au over 11.0 m (NCZ3).
• CA25-546 graded 57.8 g/t Au over 0.5 m included in 16.1 g/t Au over 2.0 m (NCZ3).
• CA25-544 intersected 1.0 g/t Au over 16.0 m (NCZ3).
• CA25-546 graded 29.7 g/t Au over 0.7 m (NCZ1).
• CA25-551 reported 11.6 g/t Au over 1.0 m (NCZ2).

Significance for Investors

• Recent drilling results continue to clearly demonstrate the presence of a shallow and extensive mineralized system (400 m in strike length by 300 m in depth), hosting multiple stacked high-grade gold zones with significant grades, widths and continuity.
• The newly identified Héva Fault Zone confirms the gold system remains robust and open in all directions, suggesting significant expansion potential.
• The combination of exposed bedrock, minimal overburden (5 m) and proximity to year-round road access (250 m) positions NCZ as a highly strategic asset for potential shallow operation scenarios.

Next Steps

• Upcoming exploration drilling is planned to test several new high-priority regional targets along strike of the Contact Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting, reinforcing the potential for additional gold discoveries.
• Advancing work on the new Nordeau Sector where initial mineralized showings have already been identified, but poorly tested and defined. Further drilling is expected to significantly refine the geological model and determine the gold enrichment.

” With the release of its fourth batch of results at the NCZ, we have again exceeded expectations confirming the strength and continuity of this high-grade gold system and reinforcing the strategic importance of directing exploration efforts at this sector. The Contact Sector clearly merits an expanded drilling program to obtain a more comprehensive evaluation of its gold potential. ” – Philippe Cloutier, President and CEO of Cartier.

” The newly identified Héva Fault Zone is emerging as a highly promising growth opportunity. The first drill holes more than 500 m east of NCZ have already intersected visible gold, confirming the corridor’s continuity and potential scale. Early regional drilling results are very encouraging, and with more than 5 km of untested ground still open to the east, this sector offers significant upside for additional gold discoveries. ” – Ronan Deroff, Vice President Exploration of Cartier.

Figure 1: Plan view, cross and long sections of the Contact Sector

Figure 2: Photos of the drill core from hole CA25-551

Table 1: Drill hole best assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 60-85% of the reported core length intervals.

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone and several newly defined high-priority drill targets.

The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Mineral Resource Estimate Update (Q4 2025 to Q1 2026)

The upcoming gold resource update will, for the first time, consolidate all mineralized zones across the entire project, providing a more complete picture of its growth potential. This update will integrate the current resource with over 52,000 meters of drilling completed by Cartier between 2022 and 2024, as well as all data from the historic East Cadillac property.

Table 2: Drill hole collar coordinates from Contact Sector

Table 3: Drill hole detailed assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 60-85% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay™ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (“Actlabs”), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Since September 23^rd, Cartier Resources (ECR.V) has put out a news release every two weeks with good to excellent gold results from its 100,000-meter drill program at its Cadillac project in the Abitibi. I asked CEO Philippe Cloutier if the company can keep up this cadence.

“That’s the plan,” said Cloutier. “We have a whole bunch of holes to drill on different targets across 15 kilometres. Plus, we are doing the metallurgical test work, environmental baselines and no doubt updating the resources and economic assessment. A loaded pipeline for plenty of news.”

“This is not an overnight process,” said Cloutier. “It took us nearly fifteen years to finally get the ground we are drilling. We’ve engineered our luck and now we can see the finish line.”

The finish line is nothing less than a district-scale gold camp in the rich gold fields of the Abitibi. Beginning with drilling out nearly three million 43-101 compliant inferred and indicated gold ounces at the Chimo Mine and then developing a district-scale geological model.

Cartier’s Cadillac project is right next door to one of Probe Resources’ projects. Which is interesting because Probe was just acquired by Fresnillo in an all cash deal worth $780 million Canadian.

“Probe boasts ten million ounces of gold,” said Cloutier. “But it’s spread out. It was in the stretch of development where juniors don’t like to be, looking at a large CAPEX to develop. They’d need to build a mill, which would be good for Cartier..”

“If you look at this deal and the Northern Superior deal a couple of weeks ago, we’ve seen over 1 billion dollars in M&A activity in the Abitibi,” said Cloutier, “So who’s next?”.

(I could not help but notice that the purchase price of Probe values its 10 million ounces in situ at $78 Canadian or $55.5 US. Apply the same numbers to Cartier’s approximately 3 million ounces and you come up with a price of 234 million Canadian. As I write, ECR’s market cap is just touching 95 million Canadian. And there are more ounces to come.)

“Senior mining companies like to be able to say to juniors, “You have significantly derisked this project”,” said Cloutier. “Which is exactly what we are doing. We’ve just started our 100,000-meter drill program.”

“It’s an ambitious program that includes approximately 600 drill holes and targets both expanding known gold zones and testing new high-priority grassroots targets.”

Looking at Cartier’s most recent press release, the North Contact Zone continues to provide good to excellent gold intervals,

“Recent drilling results continue to clearly demonstrate the presence of a shallow and extensive mineralized system (400 m in strike length by 300 m in depth), hosting multiple stacked high-grade gold zones with significant grades, widths and continuity.

Cloutier is very pleased with these results. He is even more pleased with how cost effective the drilling has been: “Our all in costs are $110 per meter,” said Cloutier. “Including planning, preparation, drilling, preparing the core and the lab work: we were able to negotiate excellent contracts early in the season when there was not much work around because we planned a large program and already had the money to fund it.”

“We’ll drill right through the winter,” said Cloutier. “In fact, some of our most exciting targets are in swampy, muddy areas which are much easier to drill when they are frozen. Less environmental impact.”

With a steady stream of news, a pending MRE, Cloutier is ready to up his marketing game. “We have a new website,” said Cloutier. “Tomorrow I am off to Frankfurt to a large German investment conference where I will be speaking. I’ll also be at the Vancouver Resource Investment Conference at the end of January.”

“The program at Cadillac will be producing results through 2026,” said Cloutier. “We have the great advantage that we are very close to infrastructure. There’s a trained workforce in and around Val D’Or. Right now, we are comfortable managing a 100,000-meter program but if we could work out the funding I would be happy to extend that program to 200,000, even 250,000 meters and increase to 6 rigs turning.”

″ This is a transformational phase for Cartier and the Cadillac Project ″, commented Philippe Cloutier, President and CEO. ″ And we’re committed to making it positive transformative for our shareholders. ″

For investors, ECR at $0.21 with gold closing in on $4200 is a compelling case. Once the Abitibi M&A train got on the rails, projects with proven gold ounces and a program to add to those ounces become more and more attractive.

Cloutier is committed to adding as much value as possible before that train arrives at the Cadillac station.

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the fourth batch of results from the fully funded 100,000-m drilling program (2 drill rigs) for the Contact Sector and more precisely, the North Contact Zone (NCZ), on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The NCZ consists of three parallel high-grade gold zones: NCZ1, NCZ2 and NCZ3, spaced approximately 50 m apart.

Strategic Highlights from Contact Sector

Drill Hole Results of NCZ (Figures 1 & 2)

• CA25-536 intersected 339.6 g/t Au over 0.5 m included in 111.5 g/t Au over 2.0 m (NCZ1).
• CA25-532 graded 22.0 g/t Au over 1.0 m included in 11.4 g/t Au over 2.0 m (NCZ1).
• CA25-535 reported 17.1 g/t Au over 1.0 m included in 9.6 g/t Au over 2.0 m (NCZ1).
• CA25-531 intersected 7.0 g/t Au over 3.0 m included in 3.2 g/t Au over 12.5 m (NCZ3).
• CA25-533 graded 11.0 g/t Au over 0.7 m included in 3.9 g/t Au over 4.7 m (NCZ3).

Significance for Investors

• Recent drilling results continue to clearly demonstrate the presence of a shallow and extensive mineralized system (400 m in strike length by 300 m in depth), hosting multiple stacked high-grade gold zones with significant grades, widths and continuity.
• Holes CA25-531 and CA25-536 represent the deepest holes completed by Cartier and confirm the gold system remains robust and open in all directions, suggesting significant expansion potential.
• All the drilling objectives were successfully achieved, namely, enhance understanding of the mineralization style associated with the newly identified Héva Fault Zone and define a gold enrichment vector to guide future drilling campaigns.
• The combination of exposed bedrock, minimal overburden (5 m) and proximity to year-round road access (250 m) positions NCZ as a highly strategic asset for potential shallow operation scenarios.

Next Steps

• Upcoming drilling is required on NCZ to extend gold mineralization closer to surface (0-150 m) to support a future gold inventory for this new highly strategic sector.
• Further exploration drilling is already planned to test several new high-priority regional targets at Contact Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting, reinforcing the potential for additional gold discoveries.

” Encouraged by these results, Cartier is now evaluating an expansion of its drilling program toward the eastern extensions of NCZ, where multiple geophysical anomalies identified, outlining a highly prospective 5 km-long target zone with strong potential for new gold discoveries. ” – Philippe Cloutier, President and CEO of Cartier.

” Cartier has now released its third round of results from NCZ, each time delivering outcomes that have exceeded the company’s expectations. These consistent successes highlight the robustness and continuity of this high-grade gold system, reinforcing the strategic importance of focusing exploration efforts in this sector. ” – Ronan Deroff, Vice President Exploration of Cartier.

Figure 1: Plan view, cross and long sections of the Contact Sector

Figure 2: Photos of the drill core from hole CA25-536

Table 1: Drill hole best assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55-70% of the reported core length intervals.

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone (” NCZ “) and several newly defined high-priority drill targets.

The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Table 2: Drill hole collar coordinates from Contact Sector

Table 3: Drill hole detailed assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55-70% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay™ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (“Actlabs”), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the third batch of results from the fully funded 100,000-m drilling program (2 drill rigs) for the Contact Sector and more precisely, the North Contact Zone (NCZ), on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The NCZ consists of three parallel high-grade gold zones: NCZ (1), NCZ (2) and NCZ (3).

Strategic Highlights from Contact Sector

Drill Results of NCZ (Figures 1 & 2)

• NCZ (3) intersected in hole CA25-530 graded 30.2 g/t Au over 2.5 m included in 11.0 g/t Au over 9.0 m with presence of visible gold grains, at a depth of 270 m, hole CA25-527 reported 27.1 g/t Au over 1.0 m included in 2.2 g/t Au over 18.0 m at a depth of 325 m and hole CA25-529 cut 6.1 g/t Au over 1.0 m included in 4.3 g/t Au over 4.0 m at a depth of 215 m.
• NCZ (1) intersected in hole CA25-526 graded 11.7 g/t Au over 0.5 m, at a depth of 230 m and hole CA25-530 reported 10.4 g/t Au over 0.5 m with presence of visible gold grains, at a depth of 200 m.
• NCZ (1) and NCZ (3) are spaced approximately 50 m apart.

Significance for Investors

• Holes CA25-526, CA25-527, CA25-529 and CA25-530 continue to clearly demonstrate the presence of a shallow and extensive mineralized system, hosting multiple high-grade gold zones with significant grades and widths. The mineralization has now been extended over 400 m in strike length by 300 m in depth, remains open in all directions, suggesting significant expansion potential.
• These latest assay results follow up on previously reported intercepts, including 16.7 g/t Au over 2.1 m within a broader interval of 5.9 g/t Au over 7.7 m (hole CA25-524) and 4.3 g/t Au over 2.0 m (hole CA25-525), as disclosed in Cartier’s September 23, 2025 news release titled ″ Cartier Cuts 16.7 g/t Au over 2.1 m at Contact (Cadillac); Strengthens Shallow High-Grade Gold Potential; Supports Expansion Drilling. ″
• The combination of exposed bedrock, minimal overburden (less than 5 m) and proximity to year-round road access (within 250 m) positions NCZ as a highly strategic asset for potential shallow operation scenarios. These logistical advantages should significantly enhance the development flexibility and economics of the Cadillac Project.

Next Steps

• Additional drilling is required on NCZ to confirm geological continuity, expand gold mineralization (150-300 m), extend footprint closer to surface (0-150 m) and advance toward a future gold inventory.
• Further exploration drilling is already planned to test several new high-priority regional targets at Contact Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting, reinforcing the potential for additional gold discoveries.

“This second set of high-grade gold results in the Contact Sector is extremely encouraging for the long-term potential of the Cadillac Project. The decision to allocate part of the 100,000-m drill program to this sector is clearly delivering strong results for our shareholders. These outcomes reflect our focused strategy of advancing known mineralized zones while also targeting high-priority regional exploration opportunities.” – Philippe Cloutier, President and CEO of Cartier.

“The updated geological model, from continuous analysis and interpretation of results, is yielding positive results and highlighting the significant potential of the Contact Sector. Improved understanding of the structural features is allowing us to more efficiently and accurately target mineralized zones. The gold potential of the Héva Fault Zone, hosting NCZ, remains largely underexplored and we believe there is significant upside yet to be unlocked.” – Ronan Deroff, Vice President Exploration of Cartier.

Figure 1: Plan view, cross and long sections of the Contact Sector

Figure 2: Photos of the drill core from hole CA25-530

Table 1: Drill hole best assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50–85% of the reported core length intervals.

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone (“NCZ”) and several newly defined high-priority drill targets.

The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones (Brownfield Growth) and test new shallow surface high-potential targets (Greenfield Discovery). The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Table 2: Drill hole collar coordinates from Contact Sector

Table 3: Drill hole detailed assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50–85% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay™ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (“Actlabs”), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cartier Resources (ECR.V) released the results of the first two holes of its planned 600-hole, 100,000-meter drilling program at its Cadillac project in Quebec. The results were good, with a headline grade of “16.7 g/t Au over 2.1 m”. Just as CEO Philippe Cloutier very much expected them to be. With gold at $3700 an ounce, the market is paying attention.

“These holes are in previously explored ground,” said Cloutier. “In 2024 we audited historic discoveries on this ground and put in some drill holes, which we reported last year. This year, we are confirming and extending those results.”

Cloutier has a big picture to colour in. 15 kilometres of potential strike in which Cartier has identified 10 to 12 different gold zones.

“We have a lot of drilling to do,” said Cloutier. “We want to go laterally and get a thorough scanning of the first 300 meters.”

I asked why 300 meters? After all, the Chimo mine shaft is 900 meters, and Cartier has drilled as deep as 1500 meters. Gold in the Abitibi tends to run deep.

“The gold can run very deep,” said Cloutier. “However, drilling 300-meter holes is quick and efficient. Once you go below 300 meters, costs go up and production goes down. You can do it, but not quickly.”

The reported gold intercepts in the first two holes are some distance from the surface but, in the release, this stuck out, “that this area has rock exposure and just beneath 5 m of overburden”. I asked Cloutier about this.

“We have a lot of older work on the various deposits, including drilling,” said Cloutier. “So, we have more information than just our drill results. We can use that older information to guide our drilling program on a particular piece of ground.”

“What we are doing is setting the table for what we believe will be a multi-generational gold camp,” said Cloutier. “We think we may have three or four Chimo-sized deposits. Chimo is close to 3 million ounces indicated and inferred. It has a PEA which, using a $1750 gold price and very conservative assumptions about CAPEX and OPEX, would be profitable. Using today’s gold price, it would be very profitable.”

“We knew Chimo was surrounded by other gold deposits. Other companies had explored and drilled, but it was not until two years ago that we were able to acquire those properties,” said Cloutier. “Now we have a plan to drill the gold targets along a 15-kilometre strike. It is a bit of a beauty contest. Which deposits are the most attractive?”

“We have two rigs running 24 hours a day,” said Cloutier. “We started on August 26 and each rig is drilling 100 meters a day. We may bring on more rigs but, right now, we are able to manage the program effectively. We were able to contract with a brilliant diamond driller. It was mid-summer, and not a lot of junior explorers had the financing in place to be able to drill. We received very competitive bids and, all in, drilling, core prep and assays, our costs are running $110 a meter.”

Having closed an 11.4 million dollar Private Placement at the end of April, Cartier’s 100,000 meter drill program is fully funded. 75% of the targets have been selected based on historical work and last year’s drilling program; the rest of the drilling will be in the undrilled ground between the identified gold zones. “Some of this greenfield drilling will be testing targets generated by Vrify’s Artificial Intelligence Discovery Platform,” said Cloutier. “And some of it will be old-fashioned prospecting with a drill. We can be agile.”

While the drills are turning, Cartier will also be working on metallurgy, environmental baseline studies and an initial evaluation of the economic assessment of the past-producing Chimo mine tailings. All are essential to the gold camp concept Cloutier envisions.

“We’re looking for interest at a different level,” said Cloutier. “We’re shooting for the moon, knowing we will land in the stars.”

Cloutier knows that the scale and scope of the Cadillac project is a bit difficult for the market to grasp. Even with hard news releases out every couple of weeks, the market needs to hear about it, “We are developing a marketing program,” said Cloutier. “We now have an in-house full-time assistant to shoulder increasing corporate development and marketing efforts to raise our profile.”

All of this is music to investors’ ears. Gold, a steady hard news flow for the next 18 months, the very real possibility of “bonanza” holes, a marketing plan and enough money in the bank to take the moonshot. It will take patience, but ECR’s current market cap of just under 82 million is likely to go up substantially as Cloutier and his team add holes and ounces.

Cartier has always been an exploration play with the endgame being a sale to a major. What Cloutier is doing is expanding the goods on offer and, of course, raising the asking price with each hole drilled, each deposit confirmed. It is quite a plan, and it looks like it’s working.