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    December 22, 2016

    Cartier Iron Completes Financing

    TORONTO, ONTARIO--(Marketwired - Dec. 22, 2016) - Cartier Iron Corporation (CSE:CFE) (CSE:CFE.CN) ("Cartier Iron"), is pleased to announce that it has completed a previously announced non-brokered private placement (the "Private Placement") of 1,728,571 common shares ("Shares") of Cartier Iron at a price of $0.07 per Share for gross proceeds of $121,000.

    The net proceeds of the Private Placement will be used to finance ongoing exploration at Cartier Iron's optioned Gagnon Holdings and for general working capital purposes. All securities issued pursuant to the Private Placement are subject to the applicable statutory four month hold period.

    About Cartier Iron Corporation

    Cartier Iron is an exploration and development Company focused on discovering and developing significant iron ore resources in north-eastern Quebec. The Company's focus is on its Gagnon Holdings in the southern Labrador Trough region, which hosts its flagship Lac Penguin Project.

    For additional information on Cartier Iron, please visit our website at

    The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements".

    Contact Information: 
    For further information please contact:
    Thomas G. Larsen
    Chief Executive Officer
    (416) 360-8006

    Jorge Estepa
    (416) 360-8006

    You can view the Next News Releases item: June 16, 2017, Cartier Iron Signs Letter Agreement on Chilean Gold Property

    You can view the Previous News Releases item: December 19, 2016, Cartier Iron Announces Financing

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