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Nobel Extends Private Placement Offering

Financings

NOBEL EXTENDS PRIVATE PLACEMENT OFFERING

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR

DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, ONTARIO October 1 6, 2024 – Nobel Resources Corp. (TSX–V: NBLC; OTCQB: NBTRF) (the

“Company” or “Nobel”) announces that it has extended the closing of its previously announced non -

brokered private placement financing of up to 24,000,000 Units at $0.05 per Unit for gross proceeds of up

to $1,200,000 (the “Offering”). The Offering is now expected to close on or before November 15, 2024.

Each Unit will be comprised of one common share in the capital of the Company (each a “Common Share”)

and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will

en�tle the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a

period of 36 months following the comple�on of the Offering. Securi�es issued under the Offering are

expected to carry a holder period of 4 months and one day from the date of issue as may be required under

applicable securi�es laws. The closing of the Offering is subject to the approval of the TSX Venture

Exchange.

About Nobel

Nobel Resources is a Canadian resource company focused on iden�fying and developing prospec�ve mineral

projects. The Company has a team with a strong background of explora�on success.

For further informa�on, please contact:

Vincent Chen

Investor Rela�ons

[email protected]

www.nobel-resources.com

Cau�onary Note Regarding Forward-looking Informa�on

This press release contains “forward -looking informa�on” within the meaning of applicable Canadian

securi�es legisla�on. Forward-looking informa�on includes, without limita�on, regarding the Offering, the

use of proceeds of the Offering, the Company’s ability to iden�fy and acquire new projects and restart its

business and the Company’s future plans. Generally, forward-looking informa�on can be iden�fied by the

use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,

“scheduled”, “es�mates”, “forecasts”, “intends”, “an�cipates” or “does not an�cipate”, or “believes”, or

varia�ons of such words and phrases or state that certain ac�ons, events or results “may”, “could”, “would”,

“might” or “will be taken”, “occur” or “be achieved”. Forward- looking informa�on is subject to known and

unknown risks, uncertain�es and other factors that may cause the actual results, level of ac�vity,

performance or achievements of Nobel, as the case may be, to be materially different from those expressed

or implied by such forward -looking informa�on, including but not limited to: general business, economic,

compe��ve, geopoli�cal and social uncertain�es; the actual results of current explora�on ac�vi�es; ris ks

associated with opera�on in foreign jurisdic�ons; ability to successfully integrate the purchased proper�es;

foreign opera�ons risks; and other risks inherent in the mining industry. Although Nobel has atempted to

iden�fy important factors that could cause actual results to differ materially from those contained in

forward-looking informa�on, there may be oth e r f a c t o r s t h a t c a u s e r e s u l t s n o t t o b e a s a n � c i p a t e d ,

es�mated or intended. There can be no assurance that such informa�on will prove to be accurate, as actual

results and future events could differ materially from those an�cipated in such statements. Accordingly,

readers should not place undue reliance on forward -looking informa�on. Nobel does not undertake to

update any forward-looking informa�on, except in accordance with applicable securi�es laws.

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.