Cartier Resources Inc. (TSX VENTURE:ECR) is pleased to announce the execution of
a letter of agreement with Weststar Resources Corp. ("Weststar") regarding an
option to earn up to a 80% undivided interest in the Diego property composed of
53 mining claims (the "Property").


Initially, Weststar have a first option to earn a 50% undivided interest in the
property in consideration for: (a) a cash payment of $15,000 in cash at closing,
(b) the issuance of 350,000 common shares of Weststar at closing, and (c) an
amount of $1,000,000 in exploration expenditures on the Property over a period
of three (3) year as follows: (i) on or before the first anniversary of closing,
an amount of $250,000, of which at least $175,000 (70%) will consist of diamond
drilling (ii) on or before the second anniversary of closing, an additional
amount of $300,000, of which at least $210,000 (70%) will consist of diamond
drilling, and (iii) on or before the third anniversary of closing, an additional
amount of $450,000, of which $315,000 (70%) will consist of diamond drilling.


Following the exercise of the first option, Weststar may elect to have a second
option to earn an additional 30% undivided interest in the Property in
consideration for an additional amount of $1,000,000 in exploration expenditures
on the property over a period of two (2) years.


This transaction is subject to (a) Weststar obtaining approval of the TSX
Venture Exchange, and (b) an additional condition precedent, i.e. the closing by
Weststar no later than August 23, 2013 of a private placement for a minimum of
$500,000, at which least $250,000 would be allocated to non-flow-through units.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Philippe Cloutier
President and CEO
Cartier Resources Inc.
819 874-1331
819 874-3113 (FAX)
info@ressourcescartier.com
www.ressourcescartier.com

Grafico Azioni Cartier Resources (TSXV:ECR)
Storico
Da Mar 2025 a Mar 2025 Clicca qui per i Grafici di Cartier Resources
Grafico Azioni Cartier Resources (TSXV:ECR)
Storico
Da Mar 2024 a Mar 2025 Clicca qui per i Grafici di Cartier Resources