Noble Completes Arrangement
TORONTO, May 27, 2026 – TheNewswire – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the completion of its previously announced plan of arrangement (the “Arrangement”) under the Business Corporations Act (Ontario) (the “OBCA”). The Arrangement was approved by Noble’s shareholders on May 7, 2026 in accordance with the OBCA, and the Ontario Superior Court of Justice (Commercial List) issued a final order for the Arrangement on May 15, 2026. The Arrangement took effect at 12:01 a.m. on May 27, 2026 (the “Effective Time”).
Under the Arrangement, in exchange for each common share of Noble (an “Old Noble Share”) held by a shareholder at the Effective Time, each Noble shareholder is entitled to receive one new common share of Noble (a “New Noble Share”) and a pro rata portion of 9,000,000 common shares of Homeland Nickel Inc. (the “Homeland Shares” and, together with the New Noble Shares, the “Consideration”). Immediately prior to the Effective Time, Noble had a total of 264,233,467 common shares issued and outstanding, and therefore the distribution ratio of Homeland Shares to Noble shareholders will be approximately 0.03406078 of a Homeland share for each Old Noble Share held. Noble will retain Homeland Shares after the completion of the Arrangement, as the distribution of Homeland Shares through the Arrangement does not include all of the Homeland Shares held by Noble prior to the Arrangement.
In order to receive the Consideration to which they are entitled, registered holders of Old Noble Shares will be required to deposit to TSX Trust Company their share certificate(s) or DRS statements for Old Noble Shares with a duly completed letter of transmittal (as provided with the information circular for the special meeting of Noble shareholders held on May 7, 2026). TSX Trust Company is acting as depositary for the Arrangement. Shareholders of Noble whose common shares of Noble are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee with questions regarding how to receive the Consideration.
Details of the Arrangement were disclosed in the management information circular of Noble that was provided for the special meeting of Noble shareholders held on May 7, 2026. A copy of that circular is also available under Noble's profile on SEDAR+ at www.sedarplus.com.
As a result of the Arrangement, on Monday June 1, 2026, the New Noble Shares will begin trading under the following new CUSIP number: 65506N200 / ISIN CA65506N2005. The Arrangement remains subject to final approval of the TSX Venture Exchange.
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 ~25,000 ha elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs. Among those are included Noble ‘s mineral rights and/or exploration rights in 18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, and 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’s holdings in Ontario also include: ~4,600 hectares in the Nagagami Carbonatite Complex; and ~3,200 hectares in the Boulder Project; both near Hearst, Ontario. In Quebec, it holds: ~3,700 hectares in the Buckingham Graphite Property; ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property; ~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; the ~3,300 hectare Gull Lake REE Property; and the ~1,232 hectare Opawica Scandium and REE Property. In Newfoundland and Labrador, it holds the~ 647 hectare Chapiteau REE property.
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]
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