Noble Grants Options and RSUs

TSX.V: NOB FWB: NB7 OTCQB: NLPXF

Noble Grants Options and RSUs

Toronto, Ontario – August 3, 2023 – Noble Mineral Exploration Inc. (“Noble” or the “Company”)

(TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) announces that effective as of August 2, 2023 (the

“Date of Grant ”), the Company’s Board approved the grant of a total of 2,325,000 stock options (the

“Options”) and 1,990,000 restricted share units (“RSUs”) to officers, directors, and certain consultants of

the Company. The Options were granted for services rendered in previous financial years and to date in

the current financial year. 75,000 of the Options were granted to a party who provides investor relations

services to the Company, and therefore vest in tranches of 25% every three months. The balance of the

Options vest immediately. The RSUs, which vest one year after the Date of Grant , were granted for

services to be rendered over the next year. The Options and RSUs were granted pursuant to the Amended

and Restated 2022 Equity Incentive Plan approved at the Company’s shareholder meeting on February

22, 2023.

The Options have an exercise price of $0.10 per common share of Noble and are exercisable for three

years from the Date of Grant. Out of the total number of Options and RSUs granted, 1, 200,000 Options

and 1,100,000 RSUs were granted to directors and officers of the Company. Upon being fully vested, the

RSUs may be settled in the corresponding number of common shares of the Company, in the cash

equivalent of those shares, or in a combination of shares and cash.

The grant of Options and RSUs is subject to compliance with TSX Venture Exchange requirements.

Following the grant of Options and RSUs, the Company has a total of 3,500,000 stock options outstanding

and 1,990,000 RSUs outstanding.

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., Go Metals Corp. and MacDonald Mines Exploration

Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold

~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well

as an additional ~11,000 hectares in the Timmins area and ~14,400 hectares of mining claims in Central

Newfoundland. Project 81 hosts diversified drill -ready gold, nickel -cobalt and base metal exploration targets at

various stages of exploration. It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its

~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as its ~482 hectares in the Cere- Villebon

Nickel, Copper, PGM property, its ~3,700 hectares in the Buckingham Graphite Property, its ~10,152 hectares in the

Havre St Pierre Nickel, Copper, PGM property, its ~518 hectares in the Laverlochere Nickel, Copper, PGM property,

all of which are in the Province of Quebec. More detailed information is available on the website at:

https://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 to 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 protected]