Noble and Canada Nickel Close Transactions Under Implementation Agreement

(TheNewswire)

TORONTO, February 24, 2025 – TheNewswire - Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV:NOB) (OTCQB: NLPXF) is pleased to announce that it has closed thetransactions under the Implementation Agreement (“ Agreement ”) withCanada Nickel Company Inc. (“ Canada Nickel ”) that were previouslyannounced in the news releases of the Company dated July 8, 2024 andJanuary 7, 2025.

Noble has received final acceptance from the TSXVenture Exchange for the transactions under the Agreement. However,the closing of the transactions remains subject to Canada Nickelobtaining final acceptance from the TSX Venture Exchange.

Among other things accomplished in the transactions,Noble and Canada Nickel have spun out certain mining claims in andaround Mann Township, Ontario into East Timmins Nickel Ltd.(“ ETN ”), a newly incorporated subsidiary of Canada Nickel, toconsolidate their interests in bulk tonnage nickel projects northeastof Timmins, Ontario. Noble owns a 20% interest in ETN, with CanadaNickel owning the balance.  Certain of the exploration results werereleased by CNC on the Mann properties (for details, please see CanadaNickel’s news release dated December 11, 2024).  In addition to theconsolidation of properties in ETN, as part of the transactions, Nobletransferred its Project 81 interests to Canada Nickel, retaining theright to explore for gold, silver, copper, lead and zinc.  Nobleretains an up to 2% royalty on all properties it transferred pursuantto the transactions, except to the extent those properties are alreadybound by other royalties.  Canada Nickel likewise retained a 2%royalty in the properties it transferred to ETN, except to the extentthose properties were likewise already bound by other royalties. Furthermore, Noble transferred to Canada Nickel the option itpreviously held to acquire approximately 5,000 acres of surface landsin the Project 81 at pre-determined prices.

As stated previously and commenting on the transaction,Vance White, CEO of Noble said, “We felt that consolidating theeastern properties into a separate exploration company would maximizethe value of the Mann Township properties without incurringsignificant upfront dilution to Noble, and at the same time gainexposure to additional identified nickel sulphide targets in theTimmins camp in which Noble currently has no interest. ETN willcontrol ~1,814 mining claims totaling over ~38,729 hectares andwill include Reaume, Mann and Newmarket Townships as well as McCool,Moody, Galna and other properties currently held by Canada Nickel.Noble will vend its interest in Project 81, together with the right toacquire surface rights over Project 81. For properties transferredfrom Noble to Canada Nickel, Noble will retain a 5-year explorationright to any non-nickel exploration target therein. This 5-yearexploration right will be subject to an annual exploration rightthereafter upon both parties’ consent. Noble intends to use its bestefforts so that upon ETN going public, a portion of Noble’s holdingsin ETN will be distributed to Noble shareholders in order that theymay have a direct benefit as ETN advances all underlying properties tothe development stage, although that is a future event and we cannotprovide any assurances that this will be done  We anticipate thatresource estimates will be available on at least two of the projectsin Q2 2025”.

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About Noble Mineral ExplorationInc.

Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company which, in addition to its holdings ofsecurities in Canada Nickel Company Inc., Homeland Nickel Inc., EastTimmins Nickel, and its interest in theHoldsworth gold exploration property in the area of Wawa, Ontario,will continue to hold ~2,215 hectares in Thomas Twp in the Timminsarea and ~175 hectares of mining claims in Central Newfoundland.  Itwill also hold its ~4,845 hectares in the Nagagami Carbonatite Complexand its ~4,600 hectares in the Boulder Project both near Hearst,Ontario, as well as ~3,700 hectares in the Buckingham GraphiteProperty, ~10,152 hectares in the Havre St Pierre  Nickel, Copper,PGM property, ~482 hectares in the Cere-Villebon Nickel, Copper, PGMproperty, all of which are in the province of Quebec, ~569 hectares inthe Chateau (Uranium, Rare Earths, Phosphorus, Silver) Property inKitivik, northern Quebec, and the ~461 hectare TaserUranium-Molybdenum property in northern Quebec.  Noble’s commonshares trade on the TSX Venture Exchange under the symbol“NOB”.

More detailed information on Noble is available on thewebsite at www.noblemineralexploration.com .

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation ofnickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle andstainless-steel markets . Canada NickelCompany has applied in multiple jurisdictions totrademark the terms NetZero Nickel TM , NetZeroCobalt TM , NetZero Iron TM and is pursuing the development ofprocesses to allow the production of net zero carbon nickel, cobalt,and iron products. Canada Nickel providesinvestors with leverage to nickel in low political riskjurisdictions. Canada Nickel is currentlyanchored by its 100% owned flagship Crawford Nickel-Cobalt SulphideProject in the heart of the prolific Timmins-Cochrane mining camp. Canada Nickel’s common shares trade on the TSX Venture Exchangeunder the symbol “CNC.”

For more information, please visit www.canadanickel.com.

Cautionary Statement Concerning Forward-Looking Statements

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 and uncertainties, andactual results may differ materially from the Company’s plans andexpectations. These plans, expectations, risks and uncertainties aredetailed herein and from time to time in thefilings made by the Company with the TSX Venture Exchange andsecurities regulators.  Noble Mineral Exploration Inc. does notassume any obligation to update or revise its forward-lookingstatements, 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

Email: ir@noblemineralexploration.com

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