Cartier Resources Inc. Announces Closing of a $275,000 Financing

VAL-D'OR, QUEBEC, Jul 10 (MARKET WIRE) --
Cartier Resources Inc. ("Cartier") (TSX VENTURE: ECR) is pleased to
announce the closing of a private placement on July 9th, 2009 with SIDEX,
s.e.c., SODEMEX II s.e.c. and the Fonds de solidaritA-A?1/2 FTQ for gross
proceeds of 275 000 $. In total, Cartier issued 1 250 001 units (the
"Units") at a price of $0.22 per Unit, with each Unit consisting of one
(1) common share at a price of $0.22 per share and one (1) common share
purchase warrant, 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 four (4) months 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.

The Units are subject to a hold period which will expire on November
10th, 2009.

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

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

Copyright 2009, Market Wire, All rights reserved.

-0-