Mr. H. Vance White reports

NOBLE MINERAL CLOSES NON-BROKERED PRIVATE PLACEMENT

Noble Mineral Exploration Inc. has closed its previously announced (see the news releases of Nov. 24, 2023, and Dec. 7, 2023, and Dec. 22, 2023) non-brokered private placement, whereby it raised gross proceeds of approximately $721,250 (before fees and expenses) through the placement of 9,616,666 flow-through common share units priced at 7.5 cents per unit. Each FT unit comprised 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 being exercisable for two years for one common share in the capital of the company at an exercise price of 12.5 cents per common share. Noble issued a total of 9,616,666 FT shares and 4,808,333 warrants in the private placement. (Note that the Dec. 22, 2023, news release inadvertently reported the total number of warrants issued in the private placement as 3,948,333 warrants. This news release corrects that error.)

In connection with the private placement, the company paid 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 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 in Ontario. 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 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. The company also holds approximately 14,600 hectares in the Nagagami carbonatite complex and approximately 4,600 hectares in the Boulder project, both near Hearst in Ontario. 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 a Havre St. Pierre nickel, copper and PGM property, and 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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