Mr. Vance White reports

NOBLE MINERALS COMPLETES GEOPHYSICAL SURVEYS IN PROXIMITY TO THE LOCATION OF A 140 KG, MINERALIZED BOULDER FOUND NEAR HEARST, ONTARIO

Noble Mineral Exploration Inc. has completed geophysical surveys on 214 claims in Way township. The claims extend from about four to 15 kilometres (km) southwest of the town of Hearst, Ont. The property area is equivalent to approximately 4,500 hectares or 45 square km. The geophysical surveys were done in preparation for a reverse circulation drill program scheduled for the spring/summer of 2024. The recent geophysical program was partially funded by the Ontario Junior Exploration Program.

Historically, a sample of a metalliferous boulder, brought to the Timmins mining district regional resident geologist in 2019 by 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.

In 2021, Noble launched an exploration program to in an effort to identify the source of the boulder. Basal till samples collected from two fences of hand auger holes, located about 100 metre (m) and one km north of the boulder, produced 35 gold grains. These gold grains define a southeast-northwest-trending dispersion train that indicate they were transported southeast by a glacial transport from a source area located to the northwest. The dispersion train begins near a northeast-trending magnetic anomaly. The gold grains are predominantly reshaped (24) but also include modified (seven) and pristine (four), supporting evidence of local source.

In 2022, an airborne geophysical survey was flown over the property followed by a ground geophysical survey in November/December, 2023. The ground geophysical surveys included 29 line kilometres of magnetic, VLF-EM and induced polarization survey. Compilation of the ground geophysics in conjunction with the airborne data was successful in outlining a significant northeast-trending magnetic high unit that was traced from the southwest section of the survey block to the northeast corner of the survey block. This unit is represented by a strong magnetic high band that pinches and swells along its strike length. The survey also shows that this main high has been crosscut in a northwest to southeast direction by at least 10 to 11 somewhat narrow magnetic highs that may be indicative of dike like units.

The contour plan map of the first vertical derivative of the total field magnetic definitely enhances the northeast-striking magnetic high feature as well as the numerous northwest-southeast narrow crosscutting high features.

The approximate location of the mineralized, Cousineau boulder appears to coincide with a slight bullseye high at the southeast end of one of the northwest striking cross dike like features. The white line will be discussed throughout the report but is suggested at being a possible cross fault system.

Work will continue during the 2024 field season, including a reverse circulation drill program in the vicinity of the mineralized boulder and along the lines recently surveyed by geophysics.

Vance White, president and chief executive officer of Noble, said, "We are pleased with the progress on this property and look forward to the reverse circulation drill program that may give us more clues as to the possible source of this rich boulder."

Wayne Holmstead, PGeo (ON), a qualified person as 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 Inc., Spruce Ridge Resources Ltd. 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 40,000 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 44,000 hectares of mining claims in central Newfoundland.

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