Noble Completes Royalty Reduction Agreements
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Noble Completes Royalty Reduction Agreements
December 19, 2019 – Noble Mineral Exploration Inc. (TSX- V NOB) (“ Noble” or the
“Company”) is pleased to announce that it has completed the acquisition of the 5% net
smelter royalty applicable to ~55,000 hectare of patented mineral rights on its Project 81 in
the Timmins -Cochrane area of northern Ontario. As a result of doing so, those patented
properties are now only subject to a 2% royalty. (See Noble’s news releases of October 24,
2019 and November 28, 2019 for more information.) Approximately 24,000 additional
hectares of the Company’s Project 81 are not subject to any royalty.
As previously announced, Noble entered into a royalty assignment agreement for the
purchase of the current 5% royalty that applies to parts of Project 81 . (See Noble’s news
release of October 24, 2019.) Noble also entered into agreements requiring that, after having
purchased the 5% royalty , Noble will terminate that royalty with respect to Noble’s
properties, leaving in place a newly-granted 2% royalty applicable to the same properties as
the 5% royalty.
Vance White, Noble’s President and CEO commented: “We’re very pleased to have been able
to complete this transaction. We believe that reducing the royalty on a 55,000 hectare
portion of Project 81 from 5% to 2% will open up the opportunity of bringing in additional
option and joint venture partners for the exploration and development of Project 81,
consistent with our project generator business model.”
About Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. is a Canadian -based junior exploration company which, in
addition to its shareho ldings in 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 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 (Noble):
H. Vance White, President
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Phone: 416-214-2250 Fax: 416-367-1954 Email: [email protected]
Investor Relations Email: [email protected]
Forward-Looking Information
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.
This press release contains certain information that may constitute "forward- looking
information" under applicable Canadian securities legislation. Forward looking information
includes, but is not limited to, timing for completion of the proposed transaction, the amount
and uses of proceeds, strategic plans, including future exploration and development results,
and corporate and technical objectives. Forward -looking information is necessarily based
upon a number of 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 materia lly from those expressed or implied by such forward -looking
information, including the risks inherent to the mining industry, adverse economic and
market developments and the risks identified in Noble’s publicly available documents filed
under SEDAR. 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 as a result of new information,
future events or otherwise, except as required by law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor
shall there be any sale of any of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful, including any of the securities in the United States of
America. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not
be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as
defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such registration requirements is
available.