Mr. H. Vance White reports

NOBLE CLOSES NON-BROKERED PRIVATE PLACEMENT AND SETTLES DEBT

Noble Mineral Exploration Inc. has provided the following updates.

Private placement

Noble closed its previously announced non-brokered private placement. (Please see Noble's news release of March 4, 2026.) Noble raised gross proceeds of approximately $1.05-million (before fees and expenses) through the issuance of seven million flow-through (FT) common share units priced at 15 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, with each full warrant being exercisable for two years for one common share of the company at an exercise price of 20 cents per share. In this private placement, noble issued a total of seven million FT shares and 3.5 million warrants.

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

The private placement is subject to customary closing conditions, including the approval of the TSX Venture Exchange. Noble intends to use the proceeds raised through the private placement to finance exploration expenditures for critical minerals on the company's properties.

Debt settlement

Noble has received the required approvals and is settling debt as announced in its Feb. 19, 2026, news release. As further described in that news release, Noble settled bona fide debt with an arm's-length party through the payment of $14,000 in cash and issuance of 466,666 broker warrants, each warrant being exercisable for one common share of Noble at a price of 12.5 cents per share for a period of two years following their issuance. All warrants issued in the debt settlement transaction are subject to a four-month hold period.

About Noble Mineral Exploration Inc.

Noble Mineral is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc. and East Timmins Nickel Inc. (20 per cent), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont.

Noble holds mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and approximately 24,000 hectares elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs. Noble holds mineral rights and/or exploration rights in 18,000 hectares in the Timmins-Cochrane areas of Northern Ontario, known as Project 81, approximately 2,215 hectares in Thomas Township/Timmins, as well as an additional 20-per-cent interest in approximately 38,700 hectares in the Timmins area held by East Timmins Nickel. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds approximately 4,600 hectares in the Nagagami carbonatite complex, and its approximately 3,200 hectares in the Boulder project both near Hearst, Ont., approximately 3,700 hectares in the Buckingham graphite property, approximately 10,152 hectares in the Havre St. Pierre nickel, copper and PGM (platinum group metal) property, and approximately 1,573 hectares in the Cere-Villebon nickel, copper and PGM property, the approximately 569-hectare uranium/rare earth property (Chateau), approximately 461-hectare uranium/molybdenum property (Taser North), approximately 4,465-hectare Mehmet REE (rare earth element) property and the approximately 3,300-hectare Gull Lake REE property, all of which are in the province of Quebec, and the approximately 647-hectare Chapiteau REE property in Labrador.

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

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