Noble provides Cobalt Results and Private Placement

TSX.V: NOB FWB: NB7 OTC.PK: NLPXF

Noble provides Cobalt Results and Private Placement

Toronto, Ontario – August 1, 2018 – Noble Mineral Exploration Inc. (“Noble” or the

“Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF)

Cobalt Results:

Noble is pleased to report the results from 32 samples plus 3 Ni-Co standards submitted to AGAT

Laboratories for Peroxide Fusion analysis from diamond drill hole KML12-03 submitted for check

Nickel and Cobalt analysis from diamond drilling completed on the Kingsmill Nickel-Cobalt Project

in 2012.(Table 1)

Table 1

The Peroxide Fusion analysis which is a more accurate analysis for Cobalt and has returned on

average higher results than the TD-ICP analysis done at the time of the drilling program in 2012.

AGAT 2018 2018 ActLabs From To 2012 2018 2012 2018

Sample Number AGAT AGAT Sample Number (m) (m) Actlabs AGAT Actlabs AGAT

Ni - % Co -% TD-ICP Peroxide TD-ICP Peroxide

Ni-ppm Ni-ppm Co-ppm Co-ppm

E6637451 0.088 0.016 1285080 112 113 862 882 146 164

E6637452 0.093 0.016 1285081 113 114 973 935 159 164

E6637453 0.09 0.017 1285082 114 115 923 900 162 167

E6637454 0.091 0.017 1285083 115 116 941 913 164 172

E6637455 0.092 0.017 1285084 116 117 970 924 162 166

E6637456 0.092 0.017 1285085 117 118 938 921 151 168

E6637457 0.09 0.017 1285086 118 119 947 896 159 170

E6637458 0.083 0.017 1285087 119 120 895 833 153 167

E6637459 0.061 0.016 1285088 120 121 639 606 152 165

E6637460 0.056 0.017 1285089 121 122 579 565 152 167

E6637461 0.044 0.017 1285090 122 123 437 442 147 169

E6637462 0.039 0.018 1285091 123 124 387 388 158 176

E6637463 0.049 0.016 1285092 124 125 508 486 153 162

E6637464 0.053 0.017 1285093 125 126 545 528 158 168

E6637465 2.01 0.073

E6637466 0.167 0.016 1285103 135 136 1820 1670 153 157

E6637467 0.147 0.017 1285104 136 137 1630 1470 155 166

E6637468 0.091 0.017 1285105 137 138 997 914 158 167

E6637469 0.094 0.017 1285106 138 139 957 941 154 166

E6637470 0.092 0.015 1285107 139 140 940 920 147 154

E6637471 0.192 0.013 1285108 140 141 2160 1920 135 133

E6637472 0.223 0.008

E6637473 0.264 0.01 1285227 255 256 2600 2640 94 98

E6637474 0.252 0.01 1285228 256 257 2650 2520 97 96

E6637475 0.248 0.012 1285229 257 258 2680 2480 125 120

E6637476 0.271 0.012 1285230 258 259 2730 2710 120 123

E6637477 0.254 0.015 1285231 259 260 2530 2540 142 146

E6637478 0.271 0.013 1285232 260 261 2810 2710 133 135

E6637479 0.279 0.014 1285233 261 262 2820 2790 140 142

E6637480 0.028 0.006 1285236 264.4 265.4 188 285 55 59

E6637481 0.01 0.005 1285237 265.4 266.4 53 102 49 52

E6637482 0.005 0.005 1285238 266.4 267.4 48 52 46 47

E6637483 0.004 0.005 1285240 272 273 46 41 46 45

E6637484 0.009 0.005 1285241 280 281 53 91 49 52

E6637485 0.225 0.008

Financing

The Company also announces that it is undertaking a non-brokered private placement (the

“Private Placement”) on a best efforts basis involving the issuance of up to 10,000,000 Common

Share Units - (“Common Share Units”) priced at $0.06 per Common Share Unit . The gross

proceeds to be raised in this Private Placement would be up to $600,000. Depending upon

investor interest, the Company would consider raising the size of the offering. The Company may

pay a cash commission of up to 2% of the amount raised to those providing assistance with the

Private Placement, together with the issuance of broker warrants for 2% of the number of

Common Share Units issued.

Each Common Share Unit issued in the Private Placement will consist of one common share of

Noble and one common share purchase warrant. Each common share purchase warrant (a

“Warrant”) will entitle the holder to acquire one common share of Noble at an exercise price of

$0.10 per share for a period of 3 years following the closing.

The securities to be issued in this Private Placement will be subject to a four month hold period.

The closing of the Private Placement is subject to completion of formal documentation and the

approval of the TSX Venture Exchange, as well as any other required regulatory approvals.

Noble intends to use the proceeds raised through the Private Placement to provide working capital

and fund exploration expenditures, for general and administrative expenditures, to pay debts and

to pay mining land taxes so as to maintain its Settlement Agreement with the Ontario Ministry of

Northern Development and Mines in good standing.

Vance White, Noble’s President and CEO commented: “ We are very pleased with the Cobalt

analysis returned on the samples submitted from the Kingsmill deposit as it adds another

dimension to this very large Ni-Co deposit. We feel there is a tremendous opportunity to identify

mineral wealth on what has been a relatively underexplored project area in close proximity to very

satisfactory infrastructure. A number of drill ready targets have already identified in the northern

eight townships. Noble remains optimistic that VMS deposits of the Kidd Creek type occur in

clusters. We are continuing work on bringing in Option and JV partners on other parts of our

Project 81 holdings, in order to de-risk the exploration phase on this very large land package of

mineral rights”.

Randy 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

disclosed in this news release, and has otherwise reviewed and approved the technical

information in this news release on behalf of the Company.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition

to its shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Holdsworth gold

exploration property in the area of Wawa, Ontario, holds in excess of 70,641 hectares of mineral

rights in the Timmins - Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts

diversified drill-ready gold 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, future events or otherwise.

Contacts:

H. Vance White, President

Phone: 416-214-2250

Fax: 416-367-1954

Email: [email protected]

Investor Relations

Email: [email protected]