Noble Issues News Release Clarifying Release of
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 Issues News Release Clarifying Release of May 8, 2018
Regarding Agreement signed with Spruce Ridge on Project 81-Crawford
Township Property
Toronto, Ontario – May 17, 2018 – Noble Mineral Exploration Inc. (TSX-V: NOB) (“Noble”) issues this clarifying News
Release as request ed by IIROC with respect to certain statements in Noble’s News Release dated May 8, 2018
regarding the Crawford Property and the property of Spruce Ridge Resources Ltd.
IIROC advised that with respect to Noble’s properties within Crawford Township, Ontario (part of Project 81), Noble’s
statement that there “is a high potential to find another world class VMS and/or nickel -Cobalt mineral deposit” is overly
promotional and potentially misleading based on the level of exploration completed on the property . Management of
Noble, including the “Qualified Person” who reviewed the news release prior to its dissemination, accepts IIROC’s view
and retracts the statement.
IIROC also advised that it felt that, referring to the historical drilling results from INCO that were cited in that news release
and the compilation of those results prepared by Orix Geoscience Inc., Noble failed to disclose data v erification
information as required by National Instrument 43- 101. Noble now clarifies that the compilation prepared by Orix
Geoscience Inc. was a compilation of historical exploration results and did not involve new exploration. Accordingly, the
compilation report has not been publicly disseminated by Noble as it relates to and merely compiles historical exploration
results in respect of which a qualified person has not done sufficient work to classify the historical estimate as current
mineral resources or mineral reserves. Noble is not treating the historical results compiled by Orix Geoscience Inc. as
reporting or identifying current mineral resources or mineral reserves.
IIROC also advised that Noble’s statement, with respect to the Crawford property, that nickel may be “present as
potentially recoverable nickel -bearing sulphide or free metallic Ni minerals” was overly promotional and potentially
misleading based on the level of exploration completed on the property. Management of Noble, including the “Qualified
Person” who reviewed the news release prior to its dissemination, accepts IIROC’s view and retracts the statement.
Randy S.C. Singh P.Geo (ON), P.Eng (ON) VP - Exploration & Project Development of Noble and a "qualified person"
as such term is defined by National Instrument 43- 101, has verified the data relating to Noble disclosed in this news
release.
In addition, with respect to the disclosure in the news release detailing the assets of Spruce Ridge Resources Ltd. (TSX-
V: SHL) (“Spruce Ridge”), the Company to whom Noble granted an option for a portion of the properties in Crawford
Township, IIROC advised that the description of 237,000 tonnes at 2.51% copper (undiluted) having been identified at
the Great Burnt Zone of Spruce Ridge’s Great Burnt Copper/Gold property constitutes “restricted disclosure” under
National Instrument 43-101, and the reference to a “[p]otential high-grade starter pit” and to management considering
that “an open pit with processing at a cust om facility should have low capex requirements” are both overly
promotional, and not supported by a preliminary economic assessment, pre- feasibility study or feasibility study .
Management of Noble accepts IIROC’s view and retracts these statements.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company which, apart from its shareholdings in
MacDonald Mines Exploration Ltd. and its interest in the Wawa-Holdsworth gold exploration property in Wawa, Ontario,
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
has as its flag ship program Project 81, a contiguous land package of approximately ~70,000 hectares covering 12
townships immediately north of the Kidd Creek Mine (celebrating its 51st year of operation). Project 81 which has seen
very limited mineral exploration over the last 50 years and has had a number of historical drill indicated Gold, Copper,
Lead-Zinc, Silver and Nickel showings. Noble has confirmed the discovery of a very large, low grade Nickel -Cobalt
Deposit in Kingsmill Township in 2012, which is within the project area. The Lucas Gold showing was also drill tested
by Noble in 2012 with additional follow up drilling to be carried out during the 2018 winter exploration season. Additional
information can be found on our website at www.noblemineralexploration.com.
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 Com pany’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:
Noble Mineral Exploration Inc.
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected]
Investor Relations
Email: [email protected]
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