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TORONTO - TheNewswire - May 8, 2026 – Noble Mineral Exploration Inc. (“ Noble ” or the “ Company ”) (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the results of its Special Meeting of shareholders (the “ Meeting ”) held on May 7, 2026, and agreements with marketing consultants.

Approval of Arrangement and Reduction of Stated Capital

At the Meeting, approximately 99.9% of voting shareholders approved a special resolution (the " Arrangement Resolution ") authorizing an arrangement (the " Arrangement ") under section 182 of the Business Corporations Act (Ontario) involving the Company. Pursuant to the Arrangement, the Company will reorganize its share capital, with current common shares being exchanged for new common shares having the same rights and privileges as the pre-exchange shares and a pro rata portion of approximately 9,000,000 common shares of Homeland Nickel Inc. (“ Homeland ”) (distributed among the common shareholders of the Company). It is currently anticipated that each Noble common share (“ Noble Share ”) will entitle its holder to receive approximately 0.034 of a common share of Homeland.  The actual distribution ratio of Homeland shares will be confirmed at a later date, based on the number of outstanding common shares of Noble at the record time for the Arrangement (the “ Distribution ”).

The completion of the Arrangement is subject to court approval and final approval of the TSX Venture Exchange. As of the date hereof, the Company anticipates that the Arrangement will be completed as follows:

Holders of Noble warrants and options who wish to receive Noble Shares entitled to participate in the Distribution are invited to exercise their securities no later than a business day before the date of the Arrangement (i.e. Tuesday, May 26, 2026). Investors who are interested in acquiring Noble shares entitled to participate in the Distribution should acquire Noble Shares no later than two business days prior to the effective date of the Arrangement (i.e. Monday, May 25, 2026).

Noble will provide further updates regarding the completion of the Arrangement, as well as related matters, as details are confirmed.

Also at the Meeting, approximately 99% of voting shareholders approved a special resolution authorizing Noble’s Board of Directors to reduce the stated capital of the new Noble common shares, on one or more occasions, by up to $20,000,000 in total.  

Extension of Agreement with Marketing Consultant

Noble announces that it has extended by a term of three months the agreement of GRA Enterprises LLC DBA National Inflation Association (“ NIA ”) to provide marketing services to the Company (the “ NIA Services ”). The aggregate consideration for the NIA Services to be provided during the extended term is USD$30,000 payable in three tranches at the beginning of each month of services. The NIA Services include communications of Noble’s activities through NIA’s Inflation.us social media, and contacts with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. For further details regarding the agreement with NIA please refer to the news release issued by the Company on December 8, 2025. The retention of NIA to provide the NIA Services, including Noble’s option to extend the initial term, was approved by TSXV.

Agreement with Marketing Consultant

Noble announces that it has retained the services of Epstein Research (“ ER ”) to provide marketing and research services to the Company (the “ ER Services ”) for a term of three (3) months. The ER Services include communications of Noble’s activities through ER’s homepage, and interviews and commentaries addressed to the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities.  The aggregate consideration for the ER Services is USD$5,000, payable in advance.

ER and its affiliates currently hold no shares of the Company, however ER may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. ER is at arm’s length to Noble and has no other relationship with the Company, except pursuant to the ER Services agreement. The retention of ER to provide the ER Services is subject to regulatory approval by TSXV.

About Noble Mineral Exploration Inc.

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

Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~25,000 ha elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs.  Among those are included Noble ‘s mineral rights and/or exploration rights in 18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, and an additional 20% interest in ~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’s holdings in Ontario also include:  ~4,600 hectares in the Nagagami Carbonatite Complex; and ~3,200 hectares in the Boulder Project; both near Hearst, Ontario.  In Quebec, it holds: ~3,700 hectares in the Buckingham Graphite Property; ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property; ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property; ~569 hectare Uranium/Rare Earth property (Chateau); ~461 hectare Uranium/Molybdenum property (Taser North); ~4,465 hectares REE Mehmet Property; the ~3,300 hectare Gull Lake REE Property; and t he ~1,232 hectare Opawica Scandium and REE Property.  In Newfoundland and Labrador, it holds the~ 647 hectare Chapiteau REE property.

https://www.noblemineralexploration.com

Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.

Cautionary Note and Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.  Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.  Factors that could affect the outcome include, among  others:  future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise  the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities  (known  and  unknown), general business, economic, competitive, political and social uncertainties, results of  exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain  regulatory or shareholder approvals.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.  Accordingly, readers should not place undue reliance on forward-looking information.  All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof.  Noble disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email:        info@noblemineralexploration.com

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