Cartier Resources Acquisition of Benoist Project and Pusticamica Gold Deposit

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Cartier Resources Inc. (ECR.V) announced the execution of a purchase agreement with Murgor Resources Inc. (MGR.V) to acquire a 100% interest in the Benoist property consisting of 98 mining claims. The Benoist project is the host of the Pusticamica gold deposit and is located 65 km northeast of the town of Lebel-sur-Quevillon in the province of Quebec.

Under the purchase agreement dated May 22, 2012, which is subject to required regulatory approvals, Cartier has agreed to acquire immediately a 100% interest in the Benoist project in consideration for the payment of a sum of $250,000 in cash and the issuance of 650,000 common shares. Murgor will retain a 1% net smelter return royalty ( NSR ) on the 98 mining claims. The common shares to be issued by Cartier will be subject to a hold period of four months and one day under the applicable securities regulations.



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