Noble Mineral Exploration Secures Final Court Approval for Share Reorganization and Distribution of Homeland Nickel Shares

Noble Mineral Exploration Inc. (TSXV: NOB) (OTCQB: NLPXF) announced that the Ontario Superior Court of Justice (Commercial List) issued a final order on May 15, 2026, approving its previously announced plan of arrangement under the Business Corporations Act (Ontario). The approval follows a special meeting of shareholders held on May 7, 2026, where the resolution was overwhelmingly passed.

Under the arrangement, Noble will reorganize its share capital. Current common shares will be exchanged for new common shares with identical rights and a pro rata portion of approximately 9,000,000 common shares of Homeland Nickel Inc. (Homeland). Each Noble share is expected to entitle its holder to receive about 0.034 of a Homeland share, with the exact ratio to be confirmed on or after the effective date of May 27, 2026. The distribution is subject to final approval from the TSX Venture Exchange.

The timeline for the arrangement includes a record time for distribution at 12:00 a.m. on May 27, 2026, with the effective date and time at 12:01 a.m. the same day. The first trading date of new Noble shares under a new CUSIP is expected on May 29, 2026. Shareholders wishing to participate in the distribution are advised to complete their purchases or exercise warrants and options by May 22, 2026.

H. Vance White, President and CEO of Noble, emphasized the company's commitment to allowing shareholders to directly benefit from its holdings. He noted that the distribution of Homeland shares, valued at approximately $4 million based on recent closing prices, adds to the over $28 million in value previously distributed through Canada Nickel Company Inc. (CNC) shares in 2020 and 2022. Noble will retain more than 10 million Homeland shares post-distribution and plans to continue distributing significant share blocks of other public companies to shareholders.

Homeland Nickel Inc., a TSX Venture-listed company focused on critical metals, holds ten nickel projects in Oregon, USA, with large historical nickel resources, and interests in copper and gold projects in Newfoundland, Canada. More details are available on Homeland's website at https://homelandnickel.com/.

Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and the Holdsworth gold property in Ontario. The company holds exploration rights to approximately 70,000 hectares in Northern Ontario and about 25,000 hectares in Quebec, including Project 81 in Timmins-Cochrane, the Nagagami Carbonatite Complex, and the Boulder Project near Hearst. In Quebec, it holds properties such as the Buckingham Graphite Property and the Havre St Pierre Nickel, Copper, PGM property. Additional information is available on Noble's website at https://www.noblemineralexploration.com.

This arrangement allows Noble shareholders to directly participate in the potential upside of Homeland's nickel projects, underscoring Noble's strategy of unlocking value from its portfolio of public company holdings.