Cartier Iron Grants Stock Options

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NEWS RELEASE

Cartier Iron Grants Stock Options

Toronto, Ontario, February 3, 2021 – Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”

or the “Company”), announces the grant of stock options to directors, officers, consultants and

employees to purchase 4,300,000 common shares of the Company, exercisable at $0.17 per

share at any time on or before February 3, 2026. The grants are subject to the terms of Cartier

Iron’s stock option plan. In accordance with regulatory requirements, any shares issued

pursuant to the exercise of such options will be subject to a resale restriction for a period of

four months from the date of the grant.

About Cartier Iron Corporation

Cartier Iron is an exploration and development Company focused on discovering and

developing significant iron ore resources in Quebec, and a potentially significant gold property

in the province of Newfoundland and Labrador. The Company's iron ore projects 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 guarantees 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