Noble Mineral Exploration Inc. Announces Grant of Stock Options
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Noble Mineral Exploration Inc. Announces Grant of Stock Options
Toronto, Ontario – July 26, 2012, Noble Mineral Exploration Inc. (the "Company") (TSX-V:NOB, FRANKFURT:NB7, OTC.PK:NLPXF) announces the grant of a total of 1,750,000 options to purchase common shares of the Company to officers, directors and consultants. Each option is exercisable at a price of $0.10 per share for a three year term. 1,150,000 of these options were granted to directors and officers of the Company and vest immediately. 100,000 of these options were granted to a consultant providing investor relations services, with 25% of these options vesting upon grant, and the balance vesting as to 25% every three months. The remaining 500,000 of these options were granted to consultants to the Company, and they also vest immediately.
About Project 81:
Project 81, the Company’s flagship project, is a 72,218 hectare patented and staked land package divided into 2 blocks. The patents include surface, mineral and timber rights, and host a significant timber resource plus a number of zones that have historical exploration identifying nickel and gold mineralization (these sample results are historical and non 43-101 compliant) from work carried out in the 1960’s and 1970’s, which have been confirmed by recent assay results from the current, ongoing drill program.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company holding in excess of 72,000 hectares of property in the Timmins, Iroquois Falls and Smooth Rock Falls areas of Northern Ontario. The Company also holds a portfolio of diversified exploration projects at various stages of exploration and drilling for, Gold in the Wawa area of Northern Ontario, and Uranium in Northern Saskatchewan.
More detailed information is available on the website at www.noblemineralexploration.com
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the 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.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Noble Mineral Exploration Inc.
H. Vance White, President Phone: 416-214-2250 Fax: 416-367-1954 eMail: [email protected]
Investor Relations Phone: 416-214-2250 eMail: [email protected]
2500 – 120 Adelaide St. West, Toronto, Ontario M5H 1T1 Phone: 416-214-2250 Toll Free: 866-214-9486 Fax: 416-367-1954