Noble Closes Non-Brokered Private Placement and Settles Debt
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Closes Non-Brokered Private Placement and Settles Debt
TORONTO, March 11, 2026 – Noble Mineral Exploration Inc. ("Noble" or the " Company") (TSXV: NOB)
(OTCQB: NLPXF) is pleased to provide the following updates.
Private Placement
Noble closed its previously announced non-brokered private placement (the “Private Placement”). (Please see
Noble’s news release of March 4, 2026.) Noble raised gross proceeds of approximately $1,050,000 (before
fees and expenses) through the issuance of 7,000,000 flow-through common share units (“FT Units”) priced at
$0.15 per unit. Each FT Unit was comprised of one common share issued as a “flow-through share” as defined
in the Income Tax Act (Canada) and designated as a flow -through common share (“FT Share”), and one-half
non-flow-through common share purchase warrant, with each full warrant being exercisable for two years for
one common share of the Company at an exercise price of $0.20 per share. In this Private Placement, Noble
issued a total of 7,000,000 FT Shares and 3,500,000 warrants.
The securities issued in this Private Placement are subject to a four month hold period.
The Private Placement is subject to customary closing conditions, including the approval of the TSX Venture
Exchange. Noble intends to use the proceeds raised through the Private Placement to fund exploration
expenditures for critical minerals on the Company’s properties.
Debt Settlement
Noble has received the required approval s and is settling debt as announced in its February 19, 2026 news
release. As further described in that news release, Noble settled bona fide debt with an arm’s length party
through the payment of $14,000 in cash and issuance of 466,666 broker warrants, each warrant being
exercisable for one common share of Noble at a price of $0.125 per share for a period of two years following
their issuance. All warrants issued in the debt settlement transaction are subject to a four month hold period.
About Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. 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%), and its
interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.
Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~24,000ha elsewhere
in Quebec upon which it plans to generate option/joint venture exploration programs. Noble holds mineral
rights and/or exploration rights in 18,000 hect ares in the Timmins -Cochrane areas of Northern Ontario
known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in
~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
~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both
near Hearst, Ontario. ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre
St Pierre Nickel, Copper, PGM property, and ~1,573 hectares in the Cere -Villebon Nickel, Copper, PGM
property, ~569 hectare Uranium/Rare Earth property (Chateau), ~461 hectare Uranium/Molybdenum
property (Taser North), ~4,465 hectares REE Mehmet Property, and the ~3300 hectare Gull Lake REE
Property all of which are in the Province of Quebec and the ~ 647 hectare Chapiteau REE property in
Labrador.
https://www.noblemineralexploration.com
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.
Cautionary Note and Statement Concerning Forward Looking Statements
This press release contains certain information that may constitute "forward- looking information" under
applicable Canadian securities legislation. Forward -looking information is necessarily based upon several
assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and
other factors which may cause the actual results and future events to differ materially from those expressed or
implied by such forward -looking information. Factors that could affect the outcome include, among others:
future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the
money necessary to incur the expenditures required to retain and advance the property, environmental liabilities
(known and unknown), general business, economic, competitive, political and social uncertainties, results of
exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain
regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward- looking information. All forward -looking
information contained in this press release is given as of the date hereof and is based upon the opinions and
estimates of management and information available to management as at the date hereof. Noble disclaims any
intention or obligation to update or revise any forward-looking information, whether because of new information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected]