Noble Mineral Secures Over $1 Million in Private Placement and Extends Warrant Terms

Noble Mineral Exploration Inc. completed its non-brokered private placement, raising gross proceeds of approximately $1,027,997.94 through the issuance of 17,133,299 flow-through common share units at $0.06 per unit. Each unit consisted of one flow-through common share and one-half non-flow-through common share purchase warrant, with full warrants exercisable for two years at $0.10 per share. The company issued a total of 17,133,299 flow-through shares and 8,566,649 warrants in this financing round.

In connection with the private placement, Noble paid aggregate cash commissions of approximately $43,050 and issued 647,497 broker warrants, each exercisable for two years for one common share at $0.06 per share. All securities issued in the private placement are subject to a four-month hold period. The closing proceeded after conditional approval from the TSX Venture Exchange and remains subject to final regulatory approvals. The company intends to use the proceeds to fund exploration expenditures on its properties located in Ontario, supporting ongoing mineral development activities across its portfolio.

Concurrently, Noble extended the term of 7,933,333 common share purchase warrants originally issued as part of two previously completed private placements in 2022 and 2023. These extended warrants now expire in November 2027 and December 2027, providing warrant holders with additional time to exercise their purchase rights. The company received final approval from the TSX Venture Exchange for the warrant extensions. Noble will notify all holders of the extended warrants but will not issue replacement certificates unless specifically requested by holders. Original warrant certificates must be presented to the company to effect the exercise of the extended warrants.

The successful private placement provides Noble with essential capital to advance its exploration programs across multiple properties in Ontario. The warrant extension demonstrates the company's commitment to maintaining positive relationships with existing investors while managing its capital structure effectively. These financial maneuvers occur as Noble continues to develop its diverse portfolio of mineral properties, including its significant holdings in the Timmins-Cochrane areas of Northern Ontario known as Project 81. The company maintains an extensive property portfolio across Ontario and Quebec, with exploration targets ranging from gold and nickel-cobalt to base metals and rare earth elements. Additional information about the company's operations and properties can be found at https://www.noblemineralexploration.com.