CORPORATE PRESENTATION · CHIMO MINE: PROJECT HIGHLIGHTS 100% ownership of project Indicated...

CORPORATE PRESENTATIONNovember 2019

Philippe Cloutier, President & CEO

ECR: TSX-V

CAUTIONARY STATEMENT

FORWARD-LOOKING STATEMENTS

This document may contain forward-looking statements that reflect management’s current expectations withregards to future events. Such forward-looking statements are subject to certain factors and involve a number ofrisks and uncertainties. Actual results may differ from expected results. Factors that could cause our results, ouroperations or future events to change materially compared to expectations expressed or implied by the forward-looking statements include, but are not limited to, volatility in the price of gold, risks inherent to the miningindustry, uncertainty regarding mineral resource estimations, and additional funding requirements or theCompany’s ability to obtain such funding.

QUALITY ASSURANCE / QUALITY CONTROL

The scientific and/or technical information presented in this presentation has been reviewed and approved byMr. Gaétan Lavallière, P. Geo, Ph. D, and Vice-President for Cartier Resources.Mr. Lavallière is a qualified person as defined by National Instrument 43-101.

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OUR STRATEGY

Focus in the Abitibi Greenstone Belt on “brownfield” projects

Current Drilling on Chimo Mine*

Drilling Longer-dated growth opportunities: Benoist, Wilson and Fenton

PRIORITIZE QUALITY PROJECTS IN THE RIGHT JURISDICTION

Focus drilling on known Gold Zones

Phase I Drilling (34,000 m) completed: 24 Gold Zones explored, 7 prioritized

Phase II Drilling (13,000 m) completed : 7 Gold Zones explored, 3 prioritized

Phase III Drilling (15,000 m) in progress: Increase dimensions of 3 of the highest potential zones

*ADD VALUE THROUGH EXPLORATION

REPEAT PROCESS (BENOIST, WILSON, FENTON)

Monitor closely evolving situation and choose best solution

REWARD SHAREHOLDERS

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QUEBEC

Val D’or Montreal

New York

BostonToronto

ABITIBI: WHERE DISCOVERY IS A TRADITION

Éléonore,Detour, Casa Berardi, Bracemac, Langlois, Bachelor, WindFall, Westwood, Laronde , Lapa, Canadian Malartic, Goldex, Lamaque

ABITIBI GREENSTONE BELT

Gold: 200M oz

Silver: 654M oz

Copper: 16B lbs

Zinc: 34B lbs

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CORPORATE HISTORY: ACQUISITIONS

Successfully acquired portfolio of current projects during recent market downturn

Pursued acquisitions when peers were in cash preservation mode

Acquisition costs of ~$1 per ounce of Au based on historical resource estimates*

Value added costs (Drilling and

Resource Estimate) ~ 10 $ per Gold ounce NI 43-101 (Mine Chimo)

BENOIST

Acquired: May 2013

Purchase Price: $250k

CHIMO MINE

Acquired: June 2013

Purchase Price: $261k

WILSON

Acquired: May 2016

Purchase Price: $42k

FENTON

Acquired 50%: Mar. 2018Purchase Price: Exploration work expenditure of $1.5M

5* Source: Historical Reports:Disclaimer: The qualified person did not complete the work required to classify the resources that are the object of the estimations. Cartier Resources does not consider these resources as being an updated mineral resource

WORK IN PROGRESS

CHIMO MINE

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CHIMO MINE: BROWNFIELD PROJECT

Near existing mines and mills which require feed

Cartier’s robust targeting guides exploration at depth

MOUSKA

CANADIANMALARCTIC

VAL D’OR

LAC HERBIN

BEAUFORMONIQUE

CHIMOMINEGOLDEXLAPALARONDEWESTWOOD

MINING AT DEPTH IN THE REGION IS ESTABLISHED & ECONOMICALLY FEASIBLE7

-1000m

Surface

-2000m

-3000m

COMPARAISON MINE LAPA & PROJET MINE CHIMO

MINING AT DEPTH IS ESTABLISHED & ECONOMICALLY FEASIBLE8

SURFACE

500 m

Mine Lapa

1000 m

1500 m

CHIMO MINE: PROJECT HIGHLIGHTS

100% ownership of project

Indicated Resources of 461 280 oz (3 263 300 t at 4,40 g/t Au

Inferred Resource of 417 250 oz (3 681 600 t at 3,53 g/t Au)

14 zones partially mined by three separate

producers between 1964 and 1997 - Past production

of 379,012 Oz Gold (MERN)

Mine infrastructure consists of a three-compartment

shaft down to 920 meters and a network of drifts on

19 levels: 80 to 870 meters deep

Drilling since July 2017: 109 diamond drill holes for a

total of 49,251 m, Phase III drilling (11,000m) to:

Expand dimensions of 3 prioritized Zones

• Recent DDH Results on Zone 5M4 Include:

• 5.6 g/t Au over 8.5 m including 9.9 g/t Au over 3.0 m and 8.3 g/t Au over 2.5 m within in a mineralized envelope over 27.8 m grading 2.5 g/t Au

Add Value Through Exploration

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PHASE II Drilling

13,000 m

7 Gold Zones explored

Discovery ofZone 5NE

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RECENT PHASE III DDH RESULTS

RESOURCE ESTIMATE - NOVEMBER 5 2019

RESOURCE ESTIMATE - NOVEMBER 5 2019

CHIMO MINE: 3 GOLD CORRIDORS

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FUTURE OPTIONALITY

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Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

GROWTH PLAN

Phase III

Drill Ready

Drill Ready

Drill Ready

Phase III

Current Activity

Future Optionality

MINECHIMO

BENOIST

FENTON

WILSON

2020

PROJECTS BENOIST, FENTON & WILSON

Summary Highlights of the 3 projects:

➢ Properties owned 100% by Cartier except for Fenton (50% JV Cartier)

➢ Gold deposits with historical Resource Estimates1 (non NI 43-101)

➢ Well defined geometry of deposits and situated in right geological setting

➢ Rapid growth potential for resource1 via expansion of known Gold Zones

➢ Proximal to mills and qualified workforce

CARTIER RESOURCES: INVESTMENT OPPORTUNITY

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CAPITAL STRUCTURE

17.0%

7.3%

11.5%

11.4%9.0%

3.0%

38.4%

Agnico Eagle JP Morgan UK

QC-Institutions Institutional holders

US-based investors Management

Retail & Other

COMMON SHARES ISSUED AND OUTSTANDING

190,474,462

STOCK OPTIONS 15,231,800

WARRANTS 1,081,800

FULLY-DILUTED, SEPTEMBER 2018 206,788,062

SHARE DISTRIBUTIONSHARE STRUCTURE

STRONG WORKING CAPITAL POSITION OF $8.1 MILLION19

FOR ADDITIONAL

INFORMATION CONTACT: PHILIPPE CLOUTIER

PHILIPPE.CLOUTIER@RESSOURCESCARTIER.COM

TOLL FREE: 1 877 874-1331DIRECT: 819 874-1331

THANK YOU

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