Cartier Resources Inc.

Cartier Resources Inc.

December 05, 2007 11:28 ET

Cartier Resources Inc.: Dr. Jean Descarreaux Bestowed the Hector-Authier Award

VAL D'OR, QUEBEC--(Marketwire - Dec. 5, 2007) - Cartier Resources inc. ("Cartier") (TSX VENTURE:ECR) is proud to report that Dr. Jean Descarreaux, Chairman of the Board, has been bestowed the Hector-Authier award. The award is bestowed to an individual whose work throughout his career has contributed significantly to the development of Quebec's mining industry entrepreneurship. The award was presented to Dr. Descarreaux at the recent QMEA conference held in Quebec City.

Dr. Descarreaux is a graduate of the University of Montreal (B.Sc. 1964 and M.Sc. 1967) and University Laval (Ph.D. 1970). Dr. Descarreaux has been praised and rewarded by the geoscientific community for the development of innovative lithogeochemical exploration tools. Throughout his career, he was consultant to junior and major mining and exploration companies throughout Canada and overseas. He has played instrumental roles in the discovery of gold and base metal deposits. In 1980, he was the founding President of Claude Resources Inc. and instrumental in the launching of several exploration companies. Dr. Descarreaux has held various positions on industry related and public organizations, and recently as a member of the Board of Directors (2001 to 2006) of SIDEX (Diversification of Exploration Investment Partnership). Dr. Descarreaux participated actively in founding Cartier.

Furthermore, Cartier is proud to announce that Mr. Philippe Berthelot has been promoted to Vice President Exploration. Mr. Berthelot graduates to this management position after having served as senior geologist with the company since May 31st, 2007. M. Berthelot has acquired over 20 years experience in the mineral exploration industry and specializes in gold and base metals exploration and has participated in several discoveries and economic deposit delineation and evaluation throughout his career.

The Board of Directors of Cartier also authorized on December 4, 2007 the granting of a total of 200,000 options of which 125,000 were attributed to management and 75,000 to employees. These new grants of options were done in accordance with the stock option plan (the "Plan") as adopted by the Board of Directors and ratified by shareholders on April 11, 2007.

The Plan provides that each granted option will allow the holders to subscribe to a common share of Cartier at the price of $0,62 per share valid to December 4, 2012. Options granted to management and employees have a three-year vesting period at a rate of 25% per year, the first tranche of 25% being acquired immediately.

The Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information