Noble Acquires Newfoundland Claim
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Acquires Newfoundland Claim
Toronto, Ontario – May 30, 2023 – Noble Mineral Exploration Inc. (“Noble” or the “Company”)
(TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) announce s that it has entered into an
agreement with a vendor (the “Vendor”) to acquire one mining claim (the “Claim”) in Newfoundland
covering an area of approximately 175 hectares (the “Transaction”). For further details regarding the
Claim, please refer to the section entitled “Newfoundland Project” of the news release issued by Noble
on January 17, 2023 (see Figure 1).
Pursuant to the Transaction, Noble is acquiring the Claim through the issuance of 25,000 common
shares of Noble which will be subject to a four month hold period and payment of $5,000 Canadian
dollars in cash. Under the Transaction, the Vendor will retain a 2% net smelter royalty (“NSR”) with
Noble having the right to buy back 1% NSR for $500,000 Canadian dollars and the remaining 1% NSR
for 1,000,000 Canadian dollars. The Transaction is subject to approval of the Board of Directors and
the TSX Venture Exchange.
Figure 1: Newfoundland new Property in relation to Spruce Ridge Drilling and Property
About Noble Mineral Exploration Inc.:
About Noble Mineral Exploration Inc. Noble Mineral Exploration Inc. is a Canadian- based junior exploration
company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd.,
Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration
property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-
Cochrane areas of Northern Ontario known as Project 81, as well as an additional ~11,000 hectares in the
Timmins area and ~14,400 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified
drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. It will also
hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project
both near Hearst, Ontario, as well as its ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, its
~3,700 hectares in the Buckingham Graphite Prope rty, its ~10,152 hectares in the Havre St Pierre Nickel,
Copper, PGM property, its ~518 hectares in the Laverlochere Nickel, Copper, PGM property, all of which are
in the Province of Quebec. More detailed information is available on the website at:
https://www.noblemineralexploration.com
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.
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 r egulatory 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:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected]
Investor Relations
Email: [email protected]