Cartier Resources Inc. Announces Closing of a $1,250,000 Financing

VAL-D'OR, QUEBEC, Jun 26 (MARKET WIRE) --
Cartier Ressources Inc. ("Cartier") (TSX VENTURE: ECR) is pleased to
announce that it has completed a closing under its short form offering
document as announced on June 4th 2009. The public offering was raised in
Quebec for a total amount of $1,253,080 through the sale of Units by way
of a short form offering document in accordance with Policy 4.6 of the
TSX Venture Exchange (the "Offering"). The Offering consists of the
issuance of 926 Units "A" and 230 Units "B".

Each Unit "A", at a price of $1,080 per unit, is comprised of 4,000
flow-through common shares at a price of $0.27 per share.

Each Unit "B", at a price of $1,100 per unit, is comprised of 5,000
common shares at a price of $0.22 per share and 5,000 common share
purchase warrants, each warrant entitling the holder to subscribe for one
(1) common share at a price of $0.30 for a period of two (2) years
following the closing date.

However, if, at any time commencing the 20th trading day after the
closing date, the weighted average trading price of the common shares of
Cartier, is or exceeds $0.35 for a period of 20 trading days, Cartier may
accelerate the expiry date by giving prior notice to the holders of
warrants within 10 days immediately following such 20 trading day period.
In such event, the warrants, if unexercised, will expire on the 30th
calendar day following the date on which such notice will be deemed to
have been received by such holders. The notice will be deemed to be
received five (5) days following its sending.

Thus, an aggregate of 4,854,000 shares (of which 3,704,000 flow-through
common shares) and 1,150,000 warrants were issued. 680,000 common shares
and 680,000 warrants are subject to a four (4) months statutory hold
period.

Industrial Alliance Securities Inc. (the "Agent") acted as agent for the
offering. Cartier paid the Agent a fee equal to 8.5% of the gross
proceeds from the sale of Units "A" sold pursuant to the offering and
5.5% for the "B" Units subscribed by the Fond Regional de Solidarite FTQ
Abitibi-Temiscamingue.

In addition, the Agent received a non transferable compensation options
entitling to subscribe for such number of common shares of Cartier equal
to 8% of the total number of shares sold pursuant to the offering,
exercisable in whole or in part on the same terms and conditions as the
warrants included in the Units "B".

The proceeds of the Offering combined, with existing working capital,
will be used by Cartier to conduct exploration programs in 2009 and 2010
on its Kinojevis Property and for general working capital.

The TSX
Venture Exchange does not assume any responsibility for the adequacy or
accuracy of this press release.

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

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