Cartier Iron Suspends 1000m Diamond Drill Program at Big Easy Gold Project, Newfoundland

NEWS RELEASE

Cartier Iron Suspends 1000m Diamond Drill Program at Big Easy

Gold Project, Newfoundland

Toronto, Ontario, April 8, 2020 – Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), announces

that it has suspended the 1,000m diamond drilling p rogram planned for the Big Easy Gold project

located on the Burin Peninsula in eastern Newfoundl and. The drill program was designed to test the

core of the Central IP chargeability anomaly (see press release March 4, 2020). Hole BE18-30 on the

west edge of this anomaly intersected a major new anomalous alteration zone grading 0.11 g Au/t and

2.65 g Ag/t over 180.4m core length (see press release December 20, 2018).

The results from the reconnaissance drill program c onfirmed that the Central chargeability anomaly

reflects an extensive zone of low sulphidation epithermal alteration and mineralization that is up to 200m

wide with a depth extent of at least 250m (see pres s release January 17, 2019). The zone is open

along strike and downdip. The previously completed holes only tested the western and eastern edges

of the anomaly due to the constraints of the bog. The planned winter drill program was designed to test

the centre of the anomaly where the strongest charg eability responses are located. The new planned

holes, combined with the previously drilled holes, would have provided a good test across the entire

200+m width of the chargeability anomaly to a depth of at least 300m.

Tom Larsen, President & CEO of Cartier Iron said: “This is disappointing but the impact of the COVID-

19 epidemic and deteriorating field conditions made it impossible to carry out an environmentally sound

and cost-effective program. We are evaluating our o ptions for rescheduling the drilling. We wish

everyone the best in these difficult times.”

Qualified Person

Dr. Bill Pearson, P.Geo., a Qualified Person as defined under National Instrument 43-101 (NI 43-101),

has reviewed and approved the scientific and technical content of this press release. The IP/Res survey

was designed and supervised by Dr. Chris Hale, P.Ge o., Chief Geophysicist for Cartier Iron and a

Qualified Person as defined under NI 43-101.

Cartier Iron gratefully acknowledges the support of the Newfoundland and Labrador government

through the Junior Exploration Assistance program.

About Cartier Iron Corporation

Cartier Iron is an exploration and development Comp any focused on discovering and developing

significant iron ore resources in Quebec, and a pot entially significant gold property in the province of

Newfoundland and Labrador. The Company's iron ore p rojects include the Gagnon Holdings in the

southern Labrador Trough region of east-central Quebec. The Big Easy gold property is located in the

Burin Peninsula epithermal gold belt in the Avalon Zone of eastern Newfoundland.

Please visit Cartier Iron's website at www.cartieriron.com .

For further information please contact:

Thomas G. Larsen Jorge Estepa

Chief Executive Officer Vice-President

(416) 360-8006 (416) 360-8006

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 guarante es of future performance, and that actual

developments or results, may vary materially from those in these “forward-looking statements”.

20 Adelaide Street East, Suite 200 , Toronto, Ontario M5C 1K6 Tel.: (416) 360 -8006 Fax: (416) 361 -1333