Noble Closes Non-Brokered Private Placement and Settles Debt

(TheNewswire)

TORONTO, March 11, 2026 –TheNewswire - Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV:NOB) (OTCQB: NLPXF) is pleased to provide thefollowing updates.

Private Placement

Noble closed its previously announced non-brokeredprivate placement (the “Private Placement”). (Please see Noble’snews release of March 4, 2026.) Noble raised gross proceeds ofapproximately $1,050,000 (before fees and expenses) through theissuance of 7,000,000 flow-through common share units (“FT Units”)priced at $0.15 per unit. Each FT Unit was comprised of one commonshare issued as a “flow-through share” as defined in the IncomeTax Act (Canada) and designated as a flow-through common share (“FTShare”), and one-half non-flow-through common share purchasewarrant, with each full warrant being exercisable for two years forone common share of the Company at an exercise price of $0.20 pershare. In this Private Placement, Noble issued a total of 7,000,000 FTShares and 3,500,000 warrants.

The securities issued in this Private Placement aresubject to a four month hold period.

The Private Placement is subject to customary closingconditions, including the approval of the TSX Venture Exchange. Nobleintends to use the proceeds raised through the Private Placement tofund exploration expenditures for critical minerals on the Company’sproperties.

Debt Settlement

Noble has received the required approvals and issettling debt as announced in its February 19, 2026 news release. Asfurther described in that news release, Noble settled bona fide debt withan arm’s length party through the payment of $14,000 in cash andissuance of 466,666 broker warrants, each warrant being exercisablefor one common share of Noble at a price of $0.125 per share for aperiod of two years following their issuance. All warrants issued inthe debt settlement transaction are subject to a four month holdperiod.

About Noble Mineral ExplorationInc.

Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company, which has holdings of securities in CanadaNickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc.(20%), and its interest in the Holdsworth gold exploration property inthe area of Wawa, Ontario.

Noble holds mineral and/or exploration rights in~70,000ha in Northern Ontario and ~24,000ha elsewhere in Quebec uponwhich it plans to generate option/joint venture exploration programs. Noble holds mineral rights and/or exploration rights in 18,000hectares in the Timmins-Cochrane areas of Northern Ontario known asProject 81, ~2,215 hectares in Thomas Twp/Timmins, as well as anadditional 20% interest in ~38,700 hectares in the Timmins area heldby East Timmins Nickel. Project 81 hosts diversified drill-ready gold,nickel-cobalt and base metal exploration targets at various stages ofexploration. Noble also holds ~4,600 hectares in the NagagamiCarbonatite Complex and its ~3,200 hectares in the Boulder Projectboth near Hearst, Ontario. ~3,700 hectares in the Buckingham GraphiteProperty, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGMproperty, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGMproperty, ~569 hectare Uranium/Rare Earth property (Chateau), ~461hectare Uranium/Molybdenum property (Taser North), ~4,465 hectares REEMehmet Property, and the ~3300 hectare Gull Lake REE Property all ofwhich are in the Province of Quebec and the ~ 647 hectare  ChapiteauREE property in Labrador.

https://www.noblemineralexploration.com

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

Cautionary Note and StatementConcerning Forward Looking Statements

This press release contains certain information thatmay constitute "forward-looking information" underapplicable Canadian securities legislation.  Forward-lookinginformation is necessarily based upon several assumptions that, whileconsidered reasonable, are subject to known and unknown risks,uncertainties, and other factors which may cause the actual resultsand future events to differ materially from those expressed or impliedby such forward-looking information.  Factors that could affect theoutcome include, among  others:  future prices and the supply ofmetals, the future demand for metals, the results of drilling,inability to raise  the money necessary to incur the expendituresrequired to retain and advance the property, environmental liabilities (known  and  unknown), general business, economic, competitive,political and social uncertainties, results of  exploration programs,risks of the mining industry, delays in obtaining governmentalapprovals, failure to obtain  regulatory or shareholder approvals. There can be no assurance that such information will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such information.  Accordingly, readersshould not place undue reliance on forward-looking information.  Allforward-looking information contained in this press release is givenas of the date hereof and is based upon the opinions and estimates ofmanagement and information available to management as at the datehereof.  Noble disclaims any intention or obligation to update orrevise any forward-looking information, whether because of newinformation. Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.   No stock exchange, securities commission or otherregulatory authority has approved or disapproved the informationcontained herein.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email:        info@noblemineralexploration.com

Copyright (c) 2026 TheNewswire - All rights reserved.