NOB.V · 2020-05-26 12:00:00

Noble Closes Non-Brokered Private Placement

Financings

TSX.V: NOB FWB: NB7 OTC.PK: NLPXF

Toronto, Ontario – May 26, 2020 – Noble Mineral Exploration Inc. ( “Noble” or the “Company” )

(TSX-V: NOB, FRANKFURT: NB7, OTC.PK: NLPXF) announces closing of a non -brokered private

placement (the “Private Placement”). Noble raised gross proceeds of $150,000 through the issuance of

1,500,000 flow-through common share units (“FT Units”) at $0.10 per unit. Each FT Unit is comprised of

one common share and one common share purchase warrant which entitles the holder to acquire one

common share of Noble at an exercise price of $0.10 per share, for a period of three years following the

closing. The Company is paying a cash commission of 7% of the amount raised (i.e. $10,500) to a broker

that provided assistance with the Private Placement. Noble intends to use the proceeds raised through the

Private Placement to fund exploration expenditures.

The securities issued in this Private Placement are subject to a four month hold period. The closing

proceeded after conditional approval of the Private Placement was granted by the TSX Venture Exchange

(the “Exchange”), and remains subject to final approval of the Exchange, as well as any other required

regulatory approvals.

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. and MacDonald Mines

Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario,

holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario

known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration

targets at various stages of exploration. More detailed information is available on the website at

www.noblemineralexploration.com .

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

Contacts:

H. Vance White, President

Phone: 416-214 2250

Fax 416-367-1954

Investor Relations