May 28, 2010
Cartier Resources Inc. Announces AGM Election Results
Val-d’Or, Quebec, May 28, 2010 – Cartier Resources Inc. (the ”Company”) is pleased to announce that following its annual general meeting held on May 27th, 2010 that Mr. Michel Gilbert has joined the Company’s Board of Directors. Mr. Gilbert is a geological engineer with more than 25 years of experience in exploration, development and production of gold projects. From 1996 to 2009, he held various positions with Aurizon Mines Ltd., a mid-tier gold producer which operates the Casa Berardi mine and manages several exploration projects in northwestern Quebec, and was Executive Vice-President responsible for Quebec based operations including management of production, development and exploration. Mr. Gilbert has also worked as a geological engineer on Quebec and Mexico projects for Cambior Inc. Mr. Gilbert has a Master’s degree in Applied Science from the École Polytechnique de Montréal.
The following people were reelected as directors of the Company:
– Philippe Cloutier
– Mario Jacob
– Jean Carrière
– Daniel Massé
Mr. Gilbert will replace Mr. Jean Descarreaux as director and Chairman of the Board of Directors. Mr. Descarreaux, with over 40 years of experience, actively participated in the foundation and development of the Company over the last three years. We are deeply grateful and wish him a nice retirement which has been well earned.
As well, the following individuals will serve as officers of the Company:
– Philippe Cloutier, President and Chief Executive Officer;
– Jean-Yves Laliberté, Treasurer and Chief Financial Officer;
– Mario Jacob, Secretary.
Continuance of the Stock Option Plan:
The proposal to maintain the stock option plan as presented in the Management Information Circular was approved by the shareholders at the annual general meeting. The proposal allows the Company to grant a number of stock options representing a maximum of 10% of the shares outstanding (on a non-diluted basis).
Grant of Stock Options:
On May 27th, 2010, the Board of Directors awarded a total of 375,000 stock options to directors and officers. Pursuant to the terms of the Company’s stock option plan, each option grants the holder of such option the right to purchase a common share of the Company at a price of $0.37 per share no later than May 27th, 2015.
President and CEO
Cartier Resources Inc.
Telephone: (819) 874-1331
Toll free: 877 874-1331
Fax: (819) 874-3113
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