Mr. H. Vance White reports

NOBLE MINERAL ANNOUNCES CLOSING OF FIRST TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT

Noble Mineral Exploration Inc. has closed the first tranche of its previously announced non-brokered private placement. (Please see Noble's news release of Nov. 24, 2023.) At this first tranche closing, Noble raised gross proceeds of $112,500 (before fees and expenses) through the issuance of 1.5 million flow-through (FT) common share units priced at 7.5 cents per unit. Each FT unit comprises one common share issued as a flow-through share as defined in the Income Tax Act (Canada) and designated as a flow-through common share, and one-half non-flow-through common share purchase warrant. Each full warrant issued pursuant to the FT units will be exercisable for two years for one common share of the company at an exercise price of 12.5 cents per share. Noble may close subsequent tranches of the private placement.

The securities issued in this private placement are subject to a four-month hold period.

The closing proceeded after conditional approval of the private placement was granted by the TSX Venture Exchange, and remains subject to final approval of the exchange as well as any other required regulatory approvals.

Noble intends to use the proceeds raised through the private placement to finance exploration expenditures on the company's properties located in Ontario.

About Noble Mineral Exploration Inc.

Noble is a Canadian-based junior exploration company that, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals Corp. and MacDonald Mines Exploration Ltd. It also has interest in the Holdsworth gold exploration property in the area of Wawa, Ont. It continues 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 also holds approximately 14,600 hectares in the Nagagami carbonatite complex and approximately 4,600 hectares in the Boulder project, both near Hearst, Ont. In addition, Noble has approximately 482 hectares in the Cere-Villebon nickel, copper and PGM (platinum group metal) property, approximately 3,700 hectares in the Buckingham graphite property, approximately 10,152 hectares in the Havre St. Pierre nickel, copper and PGM property, approximately 518 hectares in the Laverlochere nickel, copper and PGM property, all of which are in the province of Quebec. More detailed information can be found on the company's website.

Noble's common shares trade on the TSX Venture Exchange under the symbol NOB.

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