Noble Mineral Exploration to Acquire Lucas Gold Project from Canada Nickel Company
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Mineral Exploration to Acquire Lucas Gold Project from Canada
Nickel Company
Toronto, Ontario – September 17, 2026 – Noble Mineral Exploration Inc. (“Noble” or the “Company”)
(TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF ) is pleased to announce that it has entered into a
Purchase Agreement to acquire the Lucas Gold Project from Canada Nickel Company Inc. (“CNC”). Noble
has previously announced the entering into a letter of intent with CNC in its news release issued on July
13, 2026.
Transaction Structure
• Noble will issue 5,000,000 units in the capital of Noble (the “Units”), with the Units being valued at
$0.06 per Unit . Each Unit will consist of one Common Share and one half non- transferable
Common Share Purchase Warrant. One Common Share Purchase Warrant will be exercisable
allows at $0.15 per share for a period of two (2) years;
• CNC will be granted the right (the “ Back-in Right”) to purchase from Noble a 25% interest in the
Property, at any time beginning on the Trigger Date (as defined below), by making a payment to
Noble equal to four ( 4) times the expenditures incurred by Noble for the exploration and
maintenance of the Property (including any costs of geological, scientific and other analyses and
reports) (“Exploration Expenditures”). The “Trigger Date” will be the date that is the earlier of:
(1) 36 months from the closing of the transaction; (2) the date when at least $5 Million of Exploration
Expenditures have been incurred on or with respect to the Property (including any adjacent
properties); and (3) the date when Noble enters into a binding agreement for the sale of the
Property, or the date when a change of control occurs with respect to Noble unless the Back -in
Right is not affected by such transaction.
The transactions under the Purchase Agreement remain subject to compliance with legal requirements and
any requirements of the TSX Venture Exchange. As such, Noble and CNC will announce further details as
work on the transaction proceeds.
Vance White, President and CEO of Noble, said:” We are very pleased to be proceeding with the
repurchase of an excellent gold prospect on which we know from past work carried out by Noble of an
existing gold zone but also a number of untested parallel zones. We believe this to be a very valuable asset
to Noble in a space we expect improving forecasted gold price in these uncertain geopolitical times.”
About the Lucas Gold Project
The Lucas Township Gold Project is a drill -ready project located approximately 30 km north of Timmins,
Ontario, world famous for >75 million ounces of gold production. It is also located 20 km northeast of the
world class Kidd Creek Mine celebrating its 58th year of continuous production consisting of >150 mill ion
tonnes of ore. In addition, it is also located about 20 km east of the Crawford Nickel Resource currently
being developed by CNC.
Full industry services, supplies and infrastructure are in place in Timmins with access via paved Highway
655. There is ample access to power and water. Noble also has a MoU signed with local First Nations.
In 2018, Noble completed 15 NQ size diamond drill holes totaling 3,184 meters covering approximately
650m strike length of the 1700m Gold Mineralized structure/trend identified from 2012 and 2018 Airborne
Electromagnetic and Differential Magnetic Surveys. Noble located 37 historical drill-hole collars in the field
and twinned 3 (three) of these historical drill holes. No further work has been done since 2018.
The Lucas Gold Project has 6 discrete IP anomalous trends which require follow-up exploration. Only one
trend has been investigated by Diamond Drilling to date. Gold mineralization in the Lucas Gold Deposit is
interpreted to be structurally controlled and occur as discrete lenses stacked within the pyrite plus gold
mineralized tuffaceous unit.
As mentioned previously the Lucas Gold Project is drill ready with a First Nation MoU in place. Future work
would include drilling on the initial IP Anomaly to further define the gold mineralization. In addition, testing
the other 5, undrilled, IP anomalies to test for gold mineralization similar to the initial IP Anomaly.
Table 1: Gold intersections in a Noble, 2018 Diamond Drill Program (true width not known at this
time).
Figure 1: Mining Claims involved in transaction.
Qualified Persons and Data Verification
Stephen J. Balch P.Geo. (ON), VP Exploration of CNC and a "qualified person" as such term is defined by
National Instrument 43- 101, has verified the data disclosed in this news release, and has otherwise
reviewed and approved the technical information in this news release on behalf of Canada Nickel Company
Inc.
Wayne Holmstead P.Geo (ON), a "qualified person" as defined by National Instrument 43- 101, has
reviewed the data disclosed in this news release, and has otherwise reviewed and approved the technical
information in this news release on behalf of Noble.
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 ~67,000ha in Northern Ontario and ~12,000ha elsewhere
in Quebec and Newfoundland, upon which it plans to generate option/joint venture exploration programs.
Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of
Northern Ontario known as Project 81, ~2,231 hectares in Thomas Twp/Timmins, as well as an additional
20% interest in ~38,700 hectares in the Timmins area, ~317 hectares in the Holdsworth gold property near
Wawa, Northern Ontario, ~4,619 hectares in the Nagagami Carbonatite Complex and ~210 hectares in the
Boulder Project both near Hearst, Ontario. In Quebec, Noble holds ~721 hectares in the Buckingham
Graphite Property, ~325 hectares in the Havre St Pierre Nickel, Copper, PGM property, and ~1,573 hectares
in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau)
and a ~461 hectare Uranium/Molybdenum property (Taser North), ~4,473 hectares REE Mehmet Property;
the ~3,300 hectare Gull Lake REE Property; and the ~1,232 hectare Opawica Scandium and REE Property
all of which are in the province of Quebec. In Newfoundland and Labrador, it holds the~ 647 -hectare
Chapiteau REE property.
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB.” More detailed
information on Noble is available on the website at www.noblemineralexploration.com.
Cautionary Note and Statement Concerning Forward Looking Statements
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 securi ties
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: 416-367-1954Email: [email protected]