Noble Completes Acquisition of Additional Areas in MacDiarmid and Jamieson Townships
-
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Noble Completes Acquisition of Additional Areas
in MacDiarmid and Jamieson Townships
Toronto, Ontario – February 12, 2021 – Noble Mineral Exploration Inc. (“Noble” or the
“Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that it has
completed its previously announced acquisition of 39 mining claims (the “Claims”) in MacDiarmid and
Loveland To wnships from International Explorers& Prospectors Inc (“ IEP”). (See Noble’s news
releases of January 19, 2021 and February 2, 2021 for details of the transaction.) The transaction
has been approved by the TSX Venture Exchange.
While historic exploration data is available from the Ontario Government, much of it online, IEP has
access to unpublished exploration data that will be of great value in exploring MacDiarmid and
Loveland Townships. A Mineral Exploration Research Center-industry consortium project is currently
acquiring high resolution audio magneto- telluric (AMT) da ta within parts of this area to better
understand the 3D distribution of sulfide-bearing units.
Terms of the transaction are as follows:
• payment of $25,000 cash by Noble;
• issuance of 250,000 common shares of Noble;
• transfer of 100,000 common shares of CNC from Noble’s holdings; and
• the transfer of $500,000 of assessment credits to IEP at the request of IEP at any time up
to December 31, 2021.
All 39 mining claims to be acquired are subject to a 0.25% net smelter returns royalty (the “ First
Nations Royalty”), and 4 of the mining claims to be acquired are also subject to a 2.0% net smelter
returns royalty held by other parties (the “Existing Royalty”). Both the First Nations Royalty and the
Existing Royalty will continue to apply. For the 35 mining clai ms that are not subject to the Exiting
Royalty, a 1.75% net smelter returns royalty will be granted to IEP (the “ IEP Royalty”). Noble will
have a purchase right applicable to the Existing Royalty and IEP Royalty which, if exercised through
a payment of $1 ,000,000, would vest in Noble 0.25% of the Existing Royalty (out of the total 2.0%)
and 0.875% of the IEP Royalty (out of the total 1.75%).
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”.
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, fu ture
events or otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected]
Investor Relations
Email: [email protected]