Cartier Signs Agreement with Hawkmoon To Option 100% of the Wilson Property
For immediate release
Cartier Signs Agreement with Hawkmoon
To Option 100% of the Wilson Property
Val-d’Or, April 26, 2021 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”)
announces the execution of an option agreement (the “Agreement”) with Hawkmoon Resources
Corp. (“Hawkmoon”) to option 100% of its interests in its Wilson property located 15 km east of
the Municipality of Lebel-sur-Quévillon.
During the five-year option period, Hawkmoon shall have the sole and exclusive right and option to
earn a 100% interest (the “Option”) by paying Cartier an amount aggregating $1,000,000 in cash ,
issuing in favour of Cartier of an aggregate of 5,000,000 common shares of Hawkmoon, incurring
not less than $6,000,000 in expenditures and performing a minimum of 24,000 metres of diamond
drilling on the Wilson property. Upon execution of the Agreement, Cartier has received an amount
of $200,000 in cash and 700,000 common shares of Hawkmoon. All shares issued to Cartier under
the Agreement will be subject to a statutory four (4) month hold period.
Upon the exercise of the Option, Cartier will be granted a 2% NSR production royalty on the Wilson
property, half of which (1% NSR) shall be redeemable for $4,000,000.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the
provisions of Canadian securities laws including statements about the Company’s plans. Such
statements are necessarily based upon a number of beliefs, assumptions, and opinions of
management on the date the statements are made and are subject to numerous risks and
uncertainties that could cause actual results and future events to differ materially from those
anticipated or projected. The Company undertakes no obligation to update these forward-looking
statements in the event that management’s beliefs, estimates or opinions, or other factors should
change, except as required by law.
- 30 -
For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
www.ressourcescartier.com
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy
of this press release.