Noble Options its Properties in Mann, Hanna, Duff and Reaume Twps and Sells its Patents in Kingsmill and Mabee Twps to Canada Nickel
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Options its Properties in Mann, Hanna, Duff and Reaume Twps and
Sells its Patents in Kingsmill and Mabee Twps to Canada Nickel
Toronto, Ontario – November 22 , 2021 – Noble Mineral Exploration Inc. (“Noble” or the
“Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB.PK:NLPXF) is pleased to announce that it
has entered int a Letter of Intent with Canada Nickel Company (“ CNC”) to option its mining claims
(the “Claims”) in Mann, Hanna, Duff, and Reaume T ownships, and to sell its MRO Patents (the
“Patents”) in Kingsmill and Mabee Townships.
Deal Terms
The terms of the Option to earn into the mining claims in Mann, Hanna, Duff, and Reaume Townships
over four years will be payments of $400,000, delivery of 400,000 shares of Canada Nickel, and
completion of $1,700,000 of exploration work, after which the properties would be held in a n 80/20
Joint Venture between Canada Nickel and Noble. Noble will also retain a 2% NSR on the staked
claims that are included in the Claims, and retain a buyback right on the third-party NSR that applies
to the other optioned Claims both of which are subject to certain buyback rights as to 50%.
The terms of the sale of the MRO patents in Kingsmill and Mabee Townships will be the issuance of
500,000 shares of Canada Nickel to Noble.
The transactions are subject to definitive agreements being prepared and agreed to, to the approval
by the Board of Directors of each party, to approval by the TSX Venture Exchange and to compliance
with securities and other laws and regulations . The approval of Noble’s shareholders may also be
required.
Vance White, President and CEO of Noble, said “we are extremely pleased to be able to invite Canada
Nickel, with their expertise, to secure this very large land package as it represents a 20km strike length
where evidence of nickel, cobalt, PGM’s, rhodium and rare earth minerals have been found to be
present in work carried out by past explorers. We look forward to Canada Nickel moving the optioned
properties to a JV stage ,and to seeing Canada Nickel advance the exploration of the Kingsmill and
Mabee Township properties. A budget and plan of exploration will be developed by Canada Nickel. I
am confident this will turn out to be a very exciting project.”
Michael Newbury PEng (ON), a "qualified person" as such term is 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, in addition to
its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald
Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property near Wawa,
Ontario, holds approximately 72,000 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”.
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 t o 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, fu ture
events or otherwise.
Contacts:
H. Vance White, President Email: [email protected]
Phone: 416-214-2250 Investor Relations
Fax: 416-367-1954 Email: [email protected]