CORPORATE PRESENTATIONFebruary 2019

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FORWARD-LOOKING STATEMENTS

Certain information contained herein regarding Cartier Iron Corporation, including management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks, including but not limited to risks associated with mining exploration, operating costs, production costs, volatility of share prices, currency fluctuations, imprecision of resource and reserve estimates, environmental risks and ability to access sufficient capital from internal and externalsources.

As a consequence, actual results may differ materially from those anticipated in any forward-looking statements. Plans, intentions or expectations disclosed in any forward-looking statements or information should not be read as guarantees of future results or events, and will not necessarily be accurate indications of whether or when or by which such results or events will beachieved.

Except as required by law, Cartier Iron Corporation, expressly disclaims any intention and undertakes no obligation to update any forward looking statements or information as conditions change.

The historical mineral resources mentioned are strictly non-compliant to National Instrument 43-101 mineral resource and mineral reserve standards, and should therefore not be relied upon.A qualified person has not done sufficient work to upgrade or classify the historical mineral resources as current National Instrument 43-101 compliant.

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CARTIER IRON CAPITAL STRUCTURE

SHARE DATA as of February 13, 2019CSE: CFE | WKN:A1KB3F

Total Shares Issued and Outstanding 57.4 M

Options (3.2 M), Warrants (12.8M) Outstanding 16.0 M

Fully Diluted (including 1.5 M for Big Easy) 74.9 M

Price (Feb. 13, 2019) 8.5 cents

Market Capitalization (Feb. 13, 2019) $4.9 M

Significant Shareholder (Champion Iron Limited – 25.7% holding in Cartier Iron) 14.6 M

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EXPERIENCED MANAGEMENT TEAM

OVER 100 YEARS of combined technical and financial experience in exploration and mining projects

BOARD OF DIRECTORSTHOMAS G. LARSEN

MICHEL G. GAGNON, ICD.D

GARY LAWLER, LLB, LLM (Hons),ASIA

HARRY BURGESS, P.Eng.

FRANCIS SAUVEALEXANDER S. HORVATH, P.Eng.

MANAGEMENT TEAMTHOMAS G. LARSENChief Executive Officer

JORGE ESTEPAV.P., Secretary Treasurer

MILES NAGAMATSU, CAChief Financial Officer

TECHNICAL TEAMDr. BILL PEARSON, P.Geo.Chief Technical Advisor

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WHY INVESTin Cartier Iron Corporation

BIG EASY PROPERTY – GOLD GAGNON HOLDINGS – IRON ORE

• Initial drilling tested targets within a 4 km long chargeability anomaly that reflects an extensive alteration zone with epithermal gold-silver mineralization

• Proximal to several iron ore mines• Favourable tax environment,

politically stable• The “Trough” hosts over 1,500 km of iron

formation – source of Canada’s iron ore

• Connection to low-cost power• Proximally located to rail and port

infrastructure

• Recent drilling intersected major new anomalous alteration zone grading 0.11 g Au/t and 2.65 g Ag/t over 180.4 m at Big Easy

• 1,000 m winter drill program planned to test core of the Central chargeability anomaly

• Low deleterious element content• Coarse-grained• Easy to process

2 PROSPECTIVE GEOLOGY

1 IDEAL LOCATION

2 EXCELLENT INFRASTRUCTURE

1 EXPLORATION OPPORTUNITY

3 PLANNEDPROGRAM 3 HIGH-QUALITY PRODUCT

64.2% – 66.6% FeT with <4.5% SiO2

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BIG EASY PROPERTYNewfoundland

• Island of Newfoundland – East Coast• 2 hours from St. John’s –

20 minutes from Clarenville

• 5 km off Trans-Canada Highway –road-accessible

• Power line at northern end of the Big Easy zone

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CLAIM MAP

• Big Easy property consists of 369 miningclaims covering 92.3 km2

• Cartier Iron can earn a 100% interest in the original claim block by expending $2.5 M and issuing 2.5 M shares over 3 years

• Property subject to 3% NSR with potential tobuyback 1.5%

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BIG EASY

New Claims

2018 IP/Res Survey

Planned IP/Res Extension

23.5 km

1,500m

ET ZONE

N

Original Claim BlockNew West Claim Block

LEGEND

REGIONAL GEOLOGYAvalon Zone

Haile Mine Hope Brook Mine

• Production 1987-97 – 752,163 oz Au

NI 43-101 Mineral Resource• Indicated: 5,500,000 t at 4.77 g Au/t –

844,000 oz Au• Inferred: 836,000 t at 4.11 g Au/t–

110,000 oz AuSource: First Mining Finance

• Recently in production at150 k to 170 k oz Au per year

• P&P reserves – 58.2 Mt at1.85 g Au/t – 3,460,000 oz Au

Source: Oceana Gold Corp.

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• Northern extension of the 275 km-long Burin Peninsula epithermal goldbelt

• Mineralization hosted in silicified epiclastic units near faults

Recognition as a Significant Au/Ag District• Discovery Big Easy by Jim Harris & Phil

Saunders following up 10 ppb Au lake sediment anomaly in Grassy Pond

• Exploration/drilling Big Easy – 2010-2016 by Silver Spruce/Lloyd Hillier

• Work by NL GeologicalSurvey/Memorial

• Exploration by TerraX – 40 Creek prospect

• Recent discoveries by Puddle Pond Resources in the Lamaline Area

REGIONAL GEOLOGICAL SETTING

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• Neoproterozoic back arc basin

• Epiclastic sediments with some volcanic component and local flow banded rhyolites

• Remarkably preserved with finely bandedsilicia gels indicating at paleo-surface

• Extensive low sulphidation epithermal system with multiple mineralizing events

• Two major showings identified –Big Easy and ET Zone, 3.5 km apart along strike

Epithermal mineralization at Big EasyRecent drilling has intersected major new anomalous alteration zone

REGIONAL GEOLOGICAL SETTING

2 cm

BE12-12 @ 202.6m 7.9 g Au/t + 130 g Ag/t

2 cm

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BE12-09 @ 12.9 m 2.0 g Au/t + 17 g Ag/t

BIG EASY PROPERTYModel

11Source: Modified from Buchanan 1981

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BIG EASY PROPERTYSystem

• Classic low sulphidation epithermal style gold/silver system

• Big Easy and ET showings3.5 km apart

Big Easy System: PervasiveAlteration/Mineralization

Colloidal Silica ET Zone Ginguro Banding Bladed Textures

• Strike length of 5+ km on original property

• Current property covers potential 23 km strikelength

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BIG EASY PROPERTYMagnetics

• Higher Magnetic Susceptibility Rocks appear to mark volcanics within the Musgravetown Group and the contact with the Love Cove Group volcanics.

• Big Easy Showing parallels NNE-SSW trending magnetic unit within Musgravetown Group

• A more detailed survey recently flown shows Big Easy is along the western edge of the magnetic high

• Weak magnetic response correlates with very low magnetic susceptibility of the highly silicified Big Easy core samples

Source: Newfoundland and Labrador Geoscience Atlas

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1,500m

BIG EASY

ET ZONE

023249M

025446M

025452M

025688M

026062M

Residual Total FieldMagnetics

(nT)

N

PROPERTY GEOLOGY

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2 cm

BE14-16 20.6 m Typical barren red epiclastics

Source: Newfoundland and Labrador Geoscience Atlas

BIG EASY

ET ZONE

023249M

025446M

025452M

025688M

026062M

1,500m

N

BIG EASY PROPERTYDiamond Drilling 2010-2016

• Total diamond drilling of 31 holes totalling 6,497 mmainly on Big Easy

• Extensive mineralized zone approximately 300 to 400 m wide with prospective strike length of 5+ km and open to the north and south

• Significant historic drill results include:• 6.05 g Au/t and 174 g Ag/t over 1.5 m (Hole BE 11-13)• 7.65 g Au/t over 1.0 m (Hole BE 11-07)

• 0.80 g Au/t over 11.25 m (Hole BE 12-10)

• 1.30 g Au/t over 8.7 m (Hole BE 12-12)• 3.54 g Au/t and 511 g Ag/t over 2.0 m (Hole BE 16-22)

2 cm

BE 12-12 @ 202.6 m 7.9 g Au/t + 130 gAg/t

Source: Newfoundland and Labrador, Department of Natural Resources, Mines Branch Assessment File Reports on theProperty. 15

BIG EASY PROPERTYIP Chargeability

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• Winter 2018 IP Survey

• Chargeability highlights Big Easy and ET Zones in addition to New Targets across a 4 km Strike Length

• Chargeability anomaly is open to the north and south

OPENBIG EASY

ET ZONE

OPEN

Central Anomaly

Western Anomaly

ET Showing600 m

Modeled Chargeability (100m level)

mV/V

N

2018 DDH’sLEGEND

4+ km long chargeability anomaly marking major epithermal system

Big Easy Chargeability

BIG EASY PROPERTYIP Chargeability at Big Easy Showing

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• Historic holes which returned gold mineralization are predominantly in core of chargeability anomaly

• Hole BE 12-11 returned 1.1 g Au/t over 4.2 m, BE 14-18 3.86 g Au/t over 0.3 m and BE 14-19 6.23 g Au/t over 0.2 m

• All three holes had a number of shorter lower grade sections associated with quartz veins

• New Hole BE 18-29 tested down plunge extension of chargeability anomaly intersected 0.45 g Au/t and 84.96 g Ag/t over 10.6 m

BIG EASY PROPERTYCentral IP Anomaly

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• Central anomaly tested by 3 drill holes:

• 2 on the western edge (BE 18-30 and -31) and 1 on the Eastern edge (BE 18-32)

• Core of central anomaly will be tested in planned winter drilling program

• 0.11 g Au/t and 2.65 g Ag/t over 180.4 m core length intersected in BE18-30

• Chargeability anomaly reflects an extensive zone of epithermal alteration and mineralization that is up to 200 m wide with a depth extent of at least 250 m

• Zone is completely open along strike and at depth

• Cartier Iron gratefully acknowledges the support of the NL Government through the Junior Exploration Assistance Program

OUR APPROACH GOING FORWARD

WHAT WE KNOW WHAT WE DON’T KNOW• Major low sulphidation epithermal

system with general N-S strike

• Significant mineralization intersected in a number of holes and is associated with major chargeability anomaly

• Recent drilling intersected major new anomalous alteration zone associated with a strong chargeability anomaly

• The alteration zone is marked by a 4 km long chargeability anomaly suggesting the potential for a major epithermal gold-silver system

• Need to drill test core of Central Anomaly as well as test targets in the West and ET Zones

• What are the controls on potential higher grade mineralization within the extensive alteration zone?

• Area between Big Easy and ET essentially unexplored as well as potential major extension of system to south

If you want to find a big deposit,get into a big system –Big Easy is a BIG SYSTEM.

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OUR PLAN IN 2019

• Step out from showing areas to understand full system especially vertically

• Carry out winter drilling to test cores of chargeability anomalies

• Mineralization/alteration responds very well to IP/Res

• Phase I drilling confirmed an extensive anomalous epithermal gold-silver mineralization

• Carry out further surface and down-hole IP/Res surveys to refine drill targets

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• Iron-rich mineral concessions in the southernLabrador Trough

• Inferred Mineral Resource of 531 MT grading 33% FeT (Total Iron) delineated to date at the Lac Penguin Project

• Additional exploration target potential*at Lac Penguin Project estimated to be700-900 MT of 27-31% FeT

• Metallurgical tests generated high-quality, low deleterious element, low silica (<4.5%) concentrate grading 64.2-66.6% iron, from composite core samples

• Close proximity to hydroelectric, road, and rail-networks that connect to port facilities at Sept-Îles and Port-Cartier, on the Gulf of St. Lawrence

• Cartier Iron holds a 55% interest in the Gagnon Holdings with JV partner (Champion Iron Limited subsidiary) holding remaining 45%

Canadian-based iron ore explorer in theLabrador Trough, Canada’s premiumiron ore mining district

Gagnon Holdings (141 claims/75 km2)

* The ”exploration-target potential” is not a Mineral Resource. There is insufficient work completed to estimate the quantity and grade or quality of the exploration target on the basis of geological evidence and sampling. There is no guarantee that further exploration will define additional mineral resources from any portion of the exploration target potential.

CARTIER IRON CORPORATION PORTFOLIOin the Labrador Trough

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CARTIER IRON’S - JOINT VENTURE PARTNER

STRATEGIC SHAREHOLDERChampion Iron Mines Limited(Wholly-owned subsidiary of CHAMPION IRON LIMITED - TSX:CIA)

Champion Iron Limited

• Champion reported strong operational and financial results for quarter ended June 30, 2018

• Quarterly net income of $20.7 million from $150.7 million in revenue during ramp-up phase

• Operating costs of $56.15 per tonne, lower than forecasted

• Average realized price of $86.61 per tonne on concentrate sales

• Acquired for C$9.75M in cash andassumed liabilities of C$42.8M

• Held in Quebec Iron Ore Inc. (“QIO”);63.2% owned by Champion and 36.8% owned by Resources Quebec

• Past owners invested almost US$3.0 billion on mine development and infrastructure

Acquired Past-Producing Bloom Lake Mine in April 2016

• Completed equity and debt financings inOctober 2017 - Champion spent C$326.7M in CAPEX upgrades to the Bloom Lake Mine andPlant

• Decision to restart production at Bloom Lake Mine was announced Nov. 2017 and operations recommenced on Feb. 16, 2018, ahead of schedule and within budget

• First shipment of Bloom Lake Mine iron ore concentrate commenced loading at the Port of Sept-Iles on March 25, 2018

• TSX:CIA /ASX:CIA• Market Cap: C$477 million (April 12, 2018)• Iron production, development and exploration

company focused on its flagship Bloom Lakeproperty in Quebec

• Owns 100% of its subsidiary Champion Iron Mines Limited (Cartier Iron’s JV partner)

Bloom Lake Mine Successfully Re-Started in Q1 2018

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Strong First Quarter Production Results at Bloom Lake

• 1,100 km iron-rich belt that extendssouthwards from Ungava Bay, through Quebec and Labrador

• Iron ore mining operations active since1954

• Falling prices in the mid-1980s downsized theregional iron ore sector

• Improved spot prices and regional infrastructure led to a resurgence in both Labrador and Quebec

• The Labrador Trough currently has producing mines as well as several major projects in the advanced stages of exploration and development

• Champion Iron Limited’s subsidiary, Quebec Iron Ore, re-started Bloom Lake Mine in Q12018

Labrador Trough

LABRADOR TROUGHCanada’s Premier Iron Ore Mining District

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Existing RailInfrastructure

Quebec North Shore & Labrador (QNS&L) Railway• Common-carrier link to Sept-Îles / Pointe Noire• Allocates capacity on a first-come, first-servedbasis

Quebec Cartier Railway (ArcelorMittal)• Built by Quebec Cartier Mining Co.• Privately-owned link to Port-Cartier

Bloom Lake Railway (Champion Iron Acquired)• Common-carrier link from Bloom Lake Mine to

QNS&L railway

La Société Ferroviaire du Nord Québécois, Société en Commondite (“SFNQ”)• SFNQ was formed as a partnership between the

Government of Quebec, Champion Iron Limited andAdriana Resources – to manage and implement a Feasibility Study for a new Quebec Labrador Trough rail line

LABRADOR TROUGHExisting Rail Infrastructure

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Pointe Noire Multi-User Wharf• Completed in late 2015• Phase 1: 50 Mtpy $220 million• Federal Government contributed $55 million

funding – 25% of the project

• Phase 2: Planning for 100 Mtpy

Port of Sept-Îles• Rio Tinto-IOC shipping facility

Government of Quebec• $68 Million acquisition of rail and port

infrastructure, previously owned by Wabush Mines JV and Cliffs Resources, through Plan Nord and Investissement Quebec (Feb. 2016)

Pointe NoireExpanding

Port-Cartier• ArcelorMittal shipping facility• Previously announced a $2.1B expansion

including concentrator expansion with port and rail infrastructure upgrades

• Located 62 km west of Sept-Îles

Sept-Îles

Pointe Noire

WORLD CLASS PORT OF SEPT-ÎLESExpanding to Meet Demand

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Iron-rich MineralConcessions

• Gagnon Holdings: 141 claims covering 75 km2 in the southern Labrador Trough

• Gagnon Terrane affected by the Grenville Orogeny– the iron formation has been highly deformed and coarsened by metamorphism, reducing extractionand beneficiation requirements

• Structural thickening and the interference effectsofideal bowl-shaped exploration target at Lac Penguin

• Iron formation comprises quartz-specularite, specularite-hematite, magnetite-hematite, and mainly-magnetite members

GAGNON HOLDINGSIron-rich Mineral Concessions in the Gagnon Terrane

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EXPLORATIONTO DATE

LAC PENGUIN PROJECTDevelopment

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• Inferred Mineral Resource of 531 MTgrading33% FeT based on 3,315 m (10 holes) that intersected 2,580 m of iron formation(I.F.)

• 1,600 core-metres of rich oxide iron formationwasintersected (i.e. >15% FeT)

• Mostly fine to medium-grained magnetite withminor medium-grained specularite-hematite rich intervals

• Drilling is supported by overland access fromHighway 389 – no helicopter supportrequired

• Lac Penguin hosts estimated additional 700-900MT of 27-31% FeT, based on 3D resource model and 2015 drilling

• Metallurgical tests generated high-quality, low deleterious element, low silica concentrate (4.5% SiO2), grading 64.2% to 66.6% iron

A A’Looking West

LAC PENGUIN PROJECTCross Section A-A’ Section 61800E

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B B’Looking West

LAC PENGUIN PROJECTCross Section B-B’ Section 61400E

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MINERAL RESOURCE ESTIMATELac Penguin Project (Dec. 2013)

* The quantity and grade of the reported Mineral Resources within the Project are categorized as Inferred Mineral Resources. Inferred Mineral Resources are that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from drill core. There is no guarantee that further exploration will upgrade the Inferred Mineral Resources to Indicated or Measured Mineral Resources. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Inferred Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio‐political, marketing, or other relevant issues.

GLOBAL IN‐SITU MINERAL RESOURCE ESTIMATE

IN‐PIT MINERAL RESOURCE ESTIMATE

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• High-quality, low-deleterious element concentrate, grading >65% iron reported from Lac Penguin deposit. Maximum level of 4.5% SiO2 for the concentrate is a value-level imposed by Cartier Iron, guided by today’s selective market requirement for the highest quality concentrate

• Test results carried out by SGS Laboratories (Quebec) to date indicate that iron resources at Lac Penguin deposit most efficiently liberated by a 2-stage process following initial grinding to produce a final sinterproduct

• Metallurgical tests were targeted toward producing a concentrate of 66% Fe and ≤4.5% SiO2 from an average sample grade of 30% Fe. Stage 1 gravimetric separation tests by Wilfley Table on 18 samples returned average grades of 64.2 to 66.6% Fe, 4.5% SiO2 and 1.1% MgO

• Many of the world’s largest sources of iron concentrate are problematic from a quality perspective, being relatively high in silica, phosphorous, alumina and other elementsthat are deleterious to blast furnace performance and steel quality

Low deleterious element content from LacPenguin concentrates are considered ofpremium quality by the industry

LAC PENGUINMetallurgical Testing

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AdditionalModelled resource (tan) (700-900 MT)

LAC PENGUIN3D Modeled Resource

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LAC PENGUIN PROJECTProposed drill-holes (purple) to delineate additional 700-900 MT of 3D-modeled iron formation

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estimated additional resource* from the 3D deposit model, indicate potential of over 1.0 BT from the Lac Penguin Project

Iron-rich Mineral Concessions

• Inferred Mineral Resource of 531 MTgrading 33% FeT at Lac Penguin

• Metallurgical tests indicate a high-quality iron concentrate, very low in deleterious elements, grading 64-66% Fe, from Lac Penguin compositesamples

• Over 20 km in cumulative strike-length of prospective iron formation defined by magnetic-response survey

• 7 potentially exploitable iron occurrences with historic resources, and a past-producing mine (Lac Jeannine), which produced 266 Mt @33% FeT from 1961 to 1976

• Current NI 43-101 Inferred Resourcesand

GAGNON HOLDINGSIron-rich Mineral Concessions in the Gagnon Terrane

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* The ”exploration-target potential” is not a Mineral Resource. There is insufficient work completed to estimate the quantity and grade or quality of the exploration target on the basis of geological evidence and sampling. There is no guarantee that further exploration will define additional mineral resources from any portion of the exploration target potential.

WHY INVESTin Cartier Iron Corporation

BIG EASY PROPERTY – GOLD GAGNON HOLDINGS – IRON ORE

• Initial drilling tested targets within a 4 km long chargeability anomaly that reflects an extensive alteration zone with epithermal gold-silver mineralization

• Proximal to several iron ore mines• Favourable tax environment,

politically stable• The “Trough” hosts over 1,500 km of iron

formation – source of Canada’s iron ore

• Connection to low-cost power• Proximally located to rail and port

infrastructure

• Recent drilling intersected major new anomalous alteration zone grading 0.11 g Au/t and 2.65 g Ag/t over 180.4 m at Big Easy

• 1,000 m winter drill program planned to test core of the Central chargeability anomaly

• Low deleterious element content• Coarse-grained• Easy to process

2 PROSPECTIVE GEOLOGY

1 IDEAL LOCATION

2 EXCELLENT INFRASTRUCTURE

1 EXPLORATION OPPORTUNITY

3 PLANNEDPROGRAM 3 HIGH-QUALITY PRODUCT

64.2% – 66.6% FeT with <4.5% SiO2

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For more information, please contactInvestor Relations at: ir@cartieriron.com

Toll Free (800) 360-8006Phone (416) 360-8006Fax (416) 361-1333

Toronto Office20 Adelaide Street East, Suite200

Toronto, Ontario M5C 2T6

CSE: CFE WKN:A1KB3F

www.cartieriron.com