Noble Closes Non-Brokered Private Placement

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

Noble Closes Non-Brokered Private Placement

Toronto, Ontario – February 11, 20 20 – Noble Mineral Exploration Inc. (“Noble” or the

“Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces the closing of its

previously announced (see news release dated February 3, 2020) non-brokered private

placement (the “ Private Placement ”). The gross proceeds of the Private Placement were

$549,099.96, raised through the issuance of 1,233,333 flow-trough common share units at $0.12

per unit, and 5,013,750 hard dollar common share units at $0.08 per unit. Each flow-through or

hard dollar common share unit (the “Common Share Units”) is comprised of one common share

and one half of one common share purchase warrant. Each full common share purchase warrant

(a “Warrant”) is exercisable for one common share of Noble at $0.12 per share for a peri od of

two (2) years. (In the Private Placement a total of 6, 247,083 common shares and 3,123,541

warrants were therefore issued to investors.)

In connection with the Private Placement, the Company paid cash commissions of $38,437 and

issued 541,375 broker warrants exercisable for two years.

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, and remains subject to final approval of the Exchange.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition

to its shareholdings in 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 in

excess of 78,000 hectares of mineral rights in the Timmins -Cochrane areas of Northern Ontario

known as Project 81. Project 81 hosts diver sified 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”.

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 t o 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]