Cartier Iron Corporation (CNSX:CFE) ("Cartier Iron" or the "Company"), is
pleased to comment on the recent announcement by the Quebec Government Economic
Policy regarding the initiation of a Pre-Feasibility Study for a new railway
that would link the expanding facilities at the Port of Sept-IIes to the
Labrador Trough iron deposits in the Cote-Nord Region of north-eastern Quebec.


The Quebec Government's October 7th announcement affirms their awareness of the
potential rapid-growth markets related to the development of the Cote-Nord
Region, and acknowledges that expansion of the current infrastructure is
essential to ensuring the continued economic and social development of this
northern territory. To this end, the Government has set aside $20 Million to
finance the completion of a Pre-Feasibility Study on building a new multi-user
railway link to transport iron ore from the Labrador Trough. 


John Langton, President of Cartier Iron, commented, "A new multi-user railway
link to Sept-IIes would truly unlock the iron resources underlying Cartier
Iron's Gagnon Holdings, which in all likelihood would be within easy reach of
this proposed new railway line. The Company is very excited by this news and
intends to participate in any stakeholder negotiations going forward. This is a
breakthrough announcement that should attract new investment to the region and
provide significant benefit to both the provincial economy and the region's
First Nations peoples."  


Cartier Iron is expecting the results of a Mineral Resource Estimate for its
optioned Penguin Lake Project (Gagnon Holdings) in Q4-2013.


About Cartier Iron Corporation 

Cartier Iron is an exploration and development Company focused on discovering
and developing significant iron ore resources in eastern Canada, particularly in
the provinces of Quebec. The Company's projects include the optioned Gagnon
Holdings in the Cote-Nord Region of east-central Quebec, and the Borel River
Prospect in the Nunavik Region of northern Quebec. 


The technical information in this news release was prepared by John Langton
(P.Geo.), President of Cartier Iron and a Director of the Company. Mr. Langton
is a Qualified Person under NI 43-101 standards.


Please visit Cartier Iron's website at www.cartieriron.com. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Cartier Iron Corporation
(416) 360-8006
(416) 361-1333
www.cartieriron.com
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