Mr. Vance White reports

NOBLE MINERALS ACQUIRES A RARE EARTH PROJECT AND DELAYS DRILLING ON THE KIDD2/CARNEGIE PROJECT NEAR TIMMINS, ONTARIO

Noble Mineral Exploration Inc. has acquired a new rare earth property near Timmins, Ont. In addition, drilling of the Kidd2/Carnegie project has been delayed until December. The delay is due to an unusually wet spring and summer season making access to the drill sites very difficult. Helicopter support was considered; however, management has determined that the additional expense was excessive and would much rather see the money spent on the ground. The drill contractor has informed Noble that it would commit two drills to the program in order to complete the program in an expeditious manner allowing the company to meet its timeline for the Ontario Junior Exploration Program grant. The company's partner is onside with this decision (for details on the project see Noble press release dated July 18, 2023).

Also, Noble has been advised by Canada Nickel Corp. that it has completed 16 holes on the northwest and central targets in Mann township with results to be forthcoming in the next few weeks (for details on the project see Noble press release dated July 31, 2023).

Thomas carbonatite -- rare earth project

Research by the staff of Noble has identified a magnetic feature in Thomas township that resembles a classic carbonatite magnetic signature. Carbonatites are a special group of carbonate-rich igneous rocks and the world's primary source of rare earth elements (REE), niobium, zirconium and phosphate oxide. In most cases, carbonatites are intrusive or subvolcanic, forming cone sheets, volcanic necks, dikes, sills, breccias and veins. Because carbonate minerals weather so easily outcropping of carbonatitic rock is rare and the Thomas carbonatite is no exception.

The magnetic signature of a carbonatite usually resembles a doughnut-shaped body with a magnetic high surrounding an extreme magnetic low. The magnetic low is caused by the carbonate-rich section of the intrusion and may be the carrier of rare earth elements (REE), niobium, zirconium and phosphate oxide.

The magnetic structure has never been drilled and does not outcrop on surface.

The work program will include geophysical surveys to locate with precision the exact position of the magnetic low and the depth of the overburden in order to prepare for drilling. Phase 2 will consist of drilling into the magnetic low to confirm the existence of a carbonatite and test for economic mineralization.

Vance White, president and chief executive officer of Noble, said, "We are pleased to acquire this exciting new project in light of the geopolitical interest in finding new sources rare earth elements."

Michael Newbury, PEng (Ontario), a qualified person as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company, Spruce Ridge Resources Ltd., Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont., will continue to hold approximately 20,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional approximately 11,000 hectares in the Timmins area and approximately 14,400 hectares of mining claims in central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. It will also hold its approximately 14,600 hectares in the Nagagami carbonatite complex and its approximately 4,600 hectares in the Boulder project both near Hearst, Ont., as well as its approximately 482 hectares in the Cere-Villebon nickel, copper, platinum group metal property, its approximately 3,700 hectares in the Buckingham graphite property, its approximately 10,152 hectares in the Havre St. Pierre nickel, copper, PGM property and its approximately 518 hectares in the Laverlochere nickel, copper, PGM property, all of which are in the province of Quebec.

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