Mr. Vance White reports

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

Noble Mineral Exploration Inc. has closed the second tranche of its previously announced non-brokered private placement (please see Noble's news releases of Nov. 24 and Dec. 7, 2023). At this second tranche closing, Noble raised gross proceeds of approximately $608,750 (before fees and expenses) through the issuance of 8,116,666 flow-through 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 is exercisable for two years for one common share of the company at an exercise price of 12.5 cents per share. In the two tranches of the private placement, Noble raised total gross proceeds of approximately $721,250 and issued a total of 9,616,666 FT shares and 3,948,333 warrants. Noble may close subsequent tranches of the private placement.

In connection with the two tranches of the private placement, Noble paid aggregate cash commissions of approximately $49,087 and issued a total of 654,500 broker warrants, each such warrant being exercisable for two years for one common share of the company at an exercise price of 7.5 cents per share.

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 Mineral Exploration 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. 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, platinum group metal property, approximately 3,700 hectares in the Buckingham graphite property, approximately 10,152 hectares in the Havre St. Pierre nickel, copper, PGM property and approximately 518 hectares in the Laverlochere nickel, copper, PGM property, all of these are in the province of Quebec.

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