19:40:51 EDT Mon 11 May 2026
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Noble Mineral Exploration Inc (2)
Symbol NOB
Shares Issued 262,352,134
Close 2026-05-11 C$ 0.09
Market Cap C$ 23,611,692
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Noble Mineral begins phase 1 exploration in Quebec

2026-05-11 17:26 ET - News Release

Mr. H. Vance White reports

NOBLE MINERAL EXPLORATION INC. COMMENCES PHASE 1 SUMMER EXPLORATION PROGRAMS ON QUEBEC CRITICAL MINERALS PROJECTS

Noble Mineral Exploration Inc. has commenced its phase 1, summer 2026 exploration season with surface exploration programs planned on its Gull Lake rare earth element property and the Scandium property in Quebec, Canada.

Gull Lake rare earth property (see Noble press release dated Nov. 17, 2025)

The Gull Lake property, located in north-central Quebec, consists of two claim blocks strategically positioned approximately three kilometres east and west of the Montviel carbonatite-hosted rare earth element deposit. The property is road accessible.

The Montviel deposit, owned by Geomega Resources Inc., represents one of North America's largest bastnesite-hosted rare earth element resources. The deposit containing niobium, neodymium and presidium has become an important strategic critical mineral project in Quebec.

Noble's summer exploration program at Gull Lake will include prospecting, geological mapping, sampling, and reconnaissance-scale evaluation of prospective carbonatite and alkaline intrusive targets associated with the regional Montviel intrusive complex. The company believes the proximity of its claims to the Montviel deposit provides excellent potential for the discovery of additional rare-earth-element-bearing carbonatite systems.

The 2026 exploration campaign is designed to advance priority target areas identified through compilation of historical geological information, regional geophysical data sets, and interpretation of favourable structural and lithological trends associated with carbonatite-hosted rare earth mineralization.

Management of Noble believes the growing demand for critical minerals, including rare earth elements used in electric vehicles, renewable energy technologies, advanced electronics and defence applications, continues to strengthen the long-term exploration potential of strategically located and road-accessible Quebec REE projects.

Scandium property, Quebec (see Noble press release dated March 16, 2026)

The Scandium property consists of 22 claims totalling approximately 1,232 hectares located approximately 90 kilometres southwest of Chibougamau. The property is road accessible.

A review of historic Quebec government geochemical data from report MB 90-01 identified multiple anomalous scandium and rare earth element values from rock samples collected during a 1986 government survey. The property covers basalt (V3B) and tonalite (I1D) lithologies associated with elevated scandium and a suite of critical metals, including niobium, thorium, beryllium, germanium, vanadium, copper, manganese and total rare earth elements.

Scandium values up to 530 parts per million (Sc2O3) were detected in tonalitic/basaltic lithologies.

Management believes the presence of multiple anomalous scandium occurrences across several lithologies within the same district may indicate a broader mineralized system with potential for critical metal enrichment.

Scandium is considered a strategic critical mineral due to its use in high-strength aluminum alloys, aerospace applications, solid oxide fuel cells and advanced technologies. The association of scandium with rare earth elements and high-field-strength elements such as niobium and thorium may indicate the presence of a fertile intrusive or magmatic system capable of hosting significant critical mineral mineralization.

"Noble is pleased to begin its summer field programs on highly prospective critical mineral projects in Quebec and Labrador," stated Vance White, president and chief executive officer of Noble minerals.

The company will provide further updates as exploration progresses and analytical results become available.

Following the phase 1 program, Noble will commence phase 2 exploration on the following projects:

  • The Chapiteau rare earth property, Labrador (see Noble press release dated Nov. 25, 2025);
  • The Mehmet rare earth property, Quebec (see Noble press release dated Nov. 5, 2025).

Wayne Holmstead, Quebec PGeo No. 10434, a qualified person as such term is 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 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 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 approximately 18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81 and 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., and approximately 3,700 hectares in the Buckingham graphite property, approximately 10,152 hectares in the Havre St. Pierre nickel, copper and platinum group metal property, approximately 1,573 hectares in the Cere-Villebon nickel, copper and PGM property, the approximately 569-hectare uranium/rare earth property (Chateau), the approximately 461-hectare uranium/molybdenum property (Taser North), the approximately 4,465-hectares REE Mehmet 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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