Mr. Vance White reports

NOBLE MINERALS COMPLETES AIRTEM, HELI-BORNE SURVEY NEAR GO METALS, HSP PROJECT, HAVRE ST. PIERRE, QUEBEC AND COMPANY EXPLORATION UPDATE

Noble Mineral Exploration Inc. has provided an update to its continuing exploration projects:

• The AirTEM (transient electromagnetic) airborne survey recently completed on the NHSP property in the Havre St. Pierre region of Quebec has detected an electromagnetic anomaly approximately 800 metres by 700 metres in size. Similar anomalies on the Go Metals Corp. property in the same geological environment resulted in discovery of massive sulphide mineralization with good grades of copper and nickel, and elevated platinum, palladium, cobalt and gold values.
• Ground magnetometer, VLF-EM (very-low frequency-electromagnetic) and induced polarization surveys have been initiated on the Boulder project in preparation for an overburden drilling campaign, in an attempt to identify the source of a highly mineralized boulder found in the area.
• Preparations are under way for the December start of a drill campaign on the Kidd2/Carnegie project in the vicinity of the Kidd Creek mine near Timmins, Ont.
• In the vicinity of Noble's Island Pond property, Newfoundland, Benton Resources announced favourable results on the Great Burnt property (Benton press release Nov. 1, 2023), "Benton hits multiple high-grade copper zones in first two holes, including 8.31 per cent Cu [copper] over 13 m and continues to intersect copper-rich massive sulphides in drilling at Great Burnt." The conductive zone that hosts the South Pond gold mineralization crosses the Noble Minerals claims and has not been explored by drilling to date.

NHSP property

Noble is pleased to report the completion of an AirTEM airborne magnetic-electromagnetic survey on 188 claims (10,152 hectares) of strategic ground in the vicinity of Go Metals' HSP nickel-copper-platinum group project north of Havre St. Pierre located in Quebec. The survey covers approximately 18 kilometres of the total 29 km of prospective contact covered by the Noble claims. The contact of the Havre St. Pierre anorthositic complex is near where Go Metals reported the discovery of massive sulphide mineralization with significant grades of copper and nickel, and elevated platinum, palladium, cobalt and gold values (Go Metals' press release dated Sept. 13, 2022).

The Noble claims cover part of the Havre St. Pierre anorthositic complex, which contains known nickel, copper and PGE (platinum group element) mineralization. The claims cover magnetic features similar to Go Metals' HSP nickel-copper discovery. Nickel, copper and platinum group mineralization tends to accumulate near the intrusive contact that is identified by a sharp contrast between magnetic high and extreme magnetic low (the anorthosite). The Noble claims cover approximately 29 km of prospective contact. The electromagnetic survey was done to identify additional prospective targets for further investigation.

The AirTEM survey was successful in identifying an 800-metre-long conductive zone associated with a magnetic high within the margin of the anorthositic complex located on Noble claims. The EM anomaly was found to be associated with the northeast contact margin of an area.

Future work will include evaluation of the airborne survey, and ground follow-up that includes trenching and diamond drilling of identified targets. Ground follow-up and subsequent work will need to be delayed until next spring because of the onset of winter weather in the area.

Boulder project, Hearst, Ont.

A sample of the metalliferous boulder, brought to the Timmins mining district regional resident geologist in 2019 by an A. Cousineau, was submitted for chemical analysis to Geolabs in Sudbury to establish its metal and mineralogical makeup. Geolabs determined that the boulder contained: 71.8 per cent copper, 3.5 per cent lead, 1.09 per cent zinc, 252 grams per tonne (g/t) of silver, 3.79 g/t of gold, 4.43 g/t of palladium and 2.22 g/t of platinum, and consisted primarily of cuprite (van Hees et al., 2020). The type of copper mineralization found in the boulder is unusual for copper mineralization found in the Superior province of the Canadian Shield. The primary mineral is cuprite, a soft, heavy, red oxide mineral (Cu2O) that is an important ore of copper worldwide.

In 2021, Noble launched an exploration program on the property in an effort to identify the source of the boulder. Basal till samples collected from two fence lines of hand auger holes, located about 100 m and one km north of the boulder location, produced 35 gold grains. These gold grains defined a southeast-northwest-trending dispersion train that indicates they were transported southeast by the continental glacier from a source area located to the northwest. The dispersion train appears to begin near a northeast-trending magnetic anomaly to the northwest of the property. The gold grains are predominantly reshaped (24) but also include modified (seven) and pristine (four), supporting a local source for the mineralization.

Work is continuing on the Boulder project near Hearst, Ont. An application has been made for an Ontario junior exploration grant that could provide up to $200,000 on a $400,000 program. The magnetometer, VLF-EM and induced polarization geophysical surveys have begun in preparation for overburden drilling in an attempt to identify the source of a highly mineralized boulder found in the area.

Kidd2/Carnegie project, Timmins, Ont.

As previously announced, the drilling of the Kidd2/Carnegie project has been delayed until December. The delay is caused by an unusually wet spring and summer season, making access to the drill sites very difficult. Helicopter support was considered, however, management 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 OJEP grant. The company's partner agreed with this decision (for details on the project, see Noble press release dated July 18, 2023).

Island Pond property, Newfoundland

Favourable results announced on the Benton Resources, Great Burnt property in the vicinity of Noble's Island Pond property in Benton's Nov. 1, 2023, press release, "Benton hits multiple high-grade copper zones in first two holes, including 8.31 per cent Cu over 13 m, and continues to intersect copper-rich massive sulphides in drilling at Great Burnt."

The Great Burnt Main zone has a National Instrument 43-101-compliant resource prepared in 2022 for Spruce Ridge Resources Ltd. by P&E Mining Consultants Inc. of 667,000 tonnes at 3.21 per cent copper (indicated) and 482,000 tonnes at 2.35 per cent copper (inferred), contained within mining lease 211 (10210M). The copper resource remains open to the south and at depth. Highlights of the drill programs to date include:

• GB20-05: 27.20 m of 8.06 per cent Cu, including 7.75 m of 16.88 per cent Cu;
• GB20-20: 22.75 m of 6.89 per cent Cu, including 12.55 m of 10.59 per cent Cu;
• GB18-05: 20.94 m of 6.21 per cent Cu, including 6.98 m of 10.71 per cent Cu;
• GB18-06: 9.97 m of 7.45 per cent Cu, including 5.03 m of 11.42 per cent Cu;
• GB16-08: 7.50 m of 9.45 per cent Cu, including three m of 19.30 per cent Cu;
• GB16-09: 5.75 m of 6.68 per cent Cu, including 1.50 m of 11.70 per cent Cu.

Exploration at the South Pond zone has identified potential for both copper and gold along several kilometres of strike. Highlights of the 2021 drill program include:

• SP21-01: 1.69 g/t Au over 51 m, including 3.19 g/t Au over 11 m, within 10 m of surface;
• SP21-03: 2.36 g/t Au over 15 m, including 11.33 g/t Au over one m;
• SP21-08: 1.75 g/t Au over 21.20 m, including 2.82 g/t Au over 10.20 m;
• SP21-11: 1.34 g/t Au over 17.60 m, including 2.48 g/t Au over 4.20 m;
• SP21-14: 2.06 g/t Au over 21 m;
• SP21-16: 1.72 g/t Au over 10 m.

The conductive zone that hosts the above mineralization crosses the Noble Minerals' claims and has not been explored by drilling to date.

Note: Widths quoted are true core length, true widths are estimated at approximately 70 per cent of core lengths.

Historical exploration results disclosed in this news release are non-compliant with the requirements of National Instrument 43-101.

Mitch Lavery, PGeo (OGQ), a qualified person as such term is defined by National Instrument 43-101, has reviewed the Quebec data disclosed in this news release, and has approved the technical information in this news release on behalf of Noble.

Michael Newbury, PEng (Ontario), a qualified person as such term is defined by National Instrument 43-101, has verified the Ontario data disclosed in this news release, and has 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 Inc., Spruce Ridge Resources Ltd., Go Metals 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 25,000 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 approximately 3,700 hectares in the Buckingham graphite property, approximately 10,152 hectares in the Havre St. Pierre nickel, copper, PGM property, approximately 518 hectares in the Laverlochere nickel, copper, PGM property and approximately 482 hectares in the Cere-Villebon nickel, copper, PGM property, all of which are in the province of Quebec.

We seek Safe Harbor.