NOB:CC - Noble Minerals Discovers Rare Earth Mineralization on the Nagagami Project Hearst Ontario

(TheNewswire)

Toronto, Ontario – TheNewswire - December 5, 2022 – Noble MineralExploration Inc. ( “Noble” orthe “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased toreport the discovery of rare earth mineralization during a recentdrill program on the Nagagami Project northwest of Hearst,Ontario.

• Anomalous values of rare earth metals encounteredthroughout hole NG-22-02

• High values of 0.36% Ce and 0.12%Nd

• 0.53% Total Rare Earth Oxides (TREO) over 4.0metres plus aseparate zone of 0.48% over 11.0 metres*.

• TREO values above include 0.090% Nd over 4.0 metres* plus 0.087% Nd over11.0 metres*.

Analyses have been received for the Company’sNagagami Project near Hearst, Ontario. A total of 1,302 meters weredrilled in two vertical holes to test the theory that Rare EarthElement (“REE”) and Niobium (“Nb”) mineralization could befound in the Nagagami Carbonatite Complex. The target of the drillingwas a magnetic low in the centre of the Nagagami Complex that isgeologically comparable to niobium- and rare earth-bearing complexesdiscovered and mined elsewhere. The St Honore, (Niobec) Carbonatite inQuebec is such a complex that is mining separate REE- and Nb-bearingzones.

The Nagagami carbonatite complex is not exposed inoutcrop on the property because it is covered by overburden andPaleozoic sediments. That requires geophysical data be used to placethe drill holes.

Although anomalous REE values were encountered in bothholes, the best results were obtained from HoleNG-22-02.:

• 408.0 to 412.0 metres*, 0.53% Total Rare Earth Oxides(includes 0.090% Nd ) and

• 417.0 to 427.0 metres*, 0.48 % Total Rare Earths Oxides(includes 0.087% Nd ).

The 5 metre core interval between these twointersections has not been sampled but is expected to generate similarvalues because it consists of the same rock type. That would extendthe mineralization to a core length of 20 metres*. Additional samplingof the 5 metre interval and core elsewhere in the hole is scheduled tobe completed in December.

Total Rare Earth Oxides = Ce 2 O 3 +Dy 2 O 3 +Er 2 O 3 +Eu 2 O 3 +Gd 2 O 3 +Ho 2 O 3 +La 2 O 3 +Lu 2 O 3 +Nd 2 O 3 +Pr 2 O 3 +Sc 2 O 3 +Sm 2 O 3 +Tb 2 O 3 +Tm 2 O 3 +Yb 2 O 3 +Y 2 O 3

This result is a new discovery whichhas not been explored previously. The extent of the zones has not beenestablished at this time, however the company controls about 150km 2 of potentialground.

The best niobium (Nb) intersection was also encountered in Hole NG-22-02 (155 metres below REEvalues):

• 582 to 587 metres*, 0.05% Niobium (Nb) (150

*true width not known at this time

Although this niobium result was lower thananticipated, geological evidence indicates that carbonatite complexestend to be zoned and the location of REE mineralization does notnecessarily coincide with the Nb-bearing zones. The St Honore depositin Quebec has both a rare earth zone (REE) and a separate niobium (Nb)zone.

Vance White CEO Noble Minerals commented: “We arevery pleased to have found rare earth mineralization in the secondhole of a test drill program.  The potential target area is 150square kilometres, and, to date, we have only explored about 1 squarekilometre. We have a lot of work to do.”

Uses of Rare Earth Minerals

Manufacturing permanent magnets is the largest globaluse of REE’s accounting for 29% of forecasted demand. Chinapresently leads the market by producing 140,000 tonnes of REE’s in2020. This amount accounts for almost 60% of global production. TheGlobal rare earth market is projected to grow from current USD 5.3billion to USD 9.6 billion by 2026.

(“Nd, Pr”) Neodymium and Praseodymium – Power thestrongest types of rare earth magnets which enable the conversion ofelectrical energy into motion via permanent-magnet motors. Permanentmagnets are an essential component of electric vehicles and modernelectronics including, cell phones, televisions, computers, andautomobiles and more robust commercial applications.

For a video on the Nagagami drillproject, please see:

https://www.youtube.com/watch?v=K69UH7RT9MY

Historical exploration results disclosed in this newsrelease are non-compliant with the requirements of National Instrument43-101.

Michael Newbury PEng (ON), a “qualified person” assuch term is defined by National Instrument 43-101, has reviewed thedata disclosed in this news release, and has otherwise reviewed andapproved the technical information in this news release on behalf ofNoble.

About Noble Mineral ExplorationInc.

Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company which, in addition to its shareholdings inCanada Nickel Company Inc., Spruce Ridge Resources Ltd., Go MetalsCorp. and MacDonald Mines Exploration Ltd., and its interest in theHoldsworth gold exploration property in the area of Wawa, Ontario,will continue to hold ~25,000 hectares of mineral rights in theTimmins-Cochrane areas of Northern Ontario known as Project 81, aswell as an additional ~11,000 hectares in the Timmins area and ~14,400hectares of mining claims in Central Newfoundland.  Project 81 hostsdiversified drill-ready gold, nickel-cobalt and base metal explorationtargets at various stages of exploration. It will also hold its~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600hectares in the Boulder Project both near Hearst, Ontario, as well as~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectaresin the Havre St Pierre  Nickel, Copper, PGM property, ~518 hectaresin the Laverlochere Nickel, Copper, PGM property and ~482 hectares inthe Cere-Villebon Nickel, Copper, PGM property, all of which are inthe province of Quebec.  More detailed information is available onthe website at:

https://www.noblemineralexploration.com/

Noble’s common shares trade on theTSX Venture Exchange under the symbol “NOB.”

Cautionary Statement

Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. No stock exchange, securities commission or otherregulatory authority has approved or disapproved the informationcontained herein.

The foregoing information may contain forward-lookingstatements relating to the future performance of Noble MineralExploration Inc. Forward-looking statements, specifically thoseconcerning future performance, are subject to certain risks anduncertainties, and actual results may differ materially from theCompany’s plans and expectations. These plans, expectations, risksand uncertainties are detailed herein and from time to time in thefilings made by the Company with the TSX Venture Exchange andsecurities regulators. Noble Mineral Exploration Inc. does not assumeany obligation to update or revise its forward-looking statements,whether as a result of new information, future events orotherwise.

Contacts

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations: ir@noblemineralexploration.com

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