Cartier Resources Inc. Announces AGM Election Results

VAL-D'OR, Quebec, June 19, 2020 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier" or the "Company") announces that at its annual general meeting held on June 18th, 2020 the following persons were elected as directors of Cartier:

The stock option plan of the Company (the "Plan") as described in the Management Information Circular (the "Circular") was approved by the shareholders at the meeting. The maximum number of shares issuable under the Plan to represent a maximum of 10% of the shares issued and outstanding from time to time (on a non-diluted basis).

The proposal to appoint KPMG LLP as auditors of the Company as presented in the Circular was approved by the shareholders at the meeting.

Following the annual meeting, the Board of Directors named the following persons as officers of the Company:

• Philippe Cloutier, P.Geo., President and Chief Executive Officer;
• Gaétan Lavallière, P.Geo., Ph.D., Vice President;
• Nancy Lacoursière, BAA, Chief Financial Officer;
• Jean-Yves Laliberté, CPA, ICD.D, Chairman of the board and Corporate Secretary.

On June 18th, 2020, the Board of Directors granted a total of 2,200,000 stock options to directors, officers, and one employee of the Company. Pursuant to the terms of the stock option plan, each option will entitle the holder thereof to purchase one common share of the Company at a price of $0.215 per share no later than June 17th, 2025.

Contact:
Philippe Cloutier
President and CEO
Cartier Resources Inc.
Telephone: (819) 874-1331
Toll free: 877 874-1331
Fax: (819) 874-3113

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