Noble Minerals Acquires Rare Earth Element Property in Labrador with Significant Mineralization Potential

Noble Mineral Exploration Inc. has acquired a rare earth element-enriched system on its Chapiteau Property located in Labrador through map staking. The property consists of 25 map staked units totaling approximately 647 hectares and is situated 100 kilometers south of the Strange Lake and B-Zone deposits and 38 kilometers northeast of the Crater Lake Scandium-Rare Earth resource. This acquisition represents a strategic move in the growing critical minerals sector, particularly given the increasing demand for rare earth elements in clean energy technologies and electronics.

The property was previously explored by Midland Exploration Inc. in 2010 and 2011, during which a 3,143-line-kilometer airborne magnetic and radiometric survey identified several new exploration targets for rare earth elements. Historical sampling from 81 rock outcrops and mineralized boulders returned values of up to 8.34% total rare earth element oxides, including yttrium. The proportion of heavy rare earth element oxides ranged from 2.29% to 12.85% for samples containing more than 0.5% total rare earth element oxides. Individual rare earth element analysis showed significant concentrations including up to 8.22% cerium oxide, 3.38% lanthanum oxide, 3.39% neodymium oxide, 0.66% yttrium oxide, 0.96% praseodymium oxide, 0.19% dysprosium oxide, and 0.35% gadolinium oxide.

The highest concentrations of mineralization are associated with iron oxides found in pegmatite-aplite dikes and plurimetric iron oxide clusters disseminated in an alkaline granite intrusion. This alkaline granite manifests as an airborne magnetic anomaly measuring 9 kilometers in diameter. On the specific area recently staked by Noble, six grab samples exceeding 0.5% total rare earth element oxides were identified by Midland, ranging from 1.40% to 3.02% total rare earth element oxides with corresponding individual element concentrations. Additional exploration work included channel sampling and one diamond drill hole completed in 2011, with drill hole Y3-11-04 intersecting grey-pink coarse grained alkaline granite containing 2-3% disseminated iron oxides and amphiboles.

The drill results showed anomalous total rare earth element oxides plus yttrium oxide values averaging 0.14%, ranging from 0.11% to 0.19%. The best assay intervals included 0.13% total rare earth element oxides plus yttrium oxide over 7.5 meters, 0.14% over 12.0 meters, and 0.16% over 7.5 meters. The Chapiteau Property's location near established rare earth deposits, including the Crater Lake Property where Scandium Canada has defined a rare earth and scandium resource, adds geological context to the acquisition. However, the company notes that information about neighboring properties is not necessarily indicative of mineralization on the Chapiteau property itself.

This acquisition aligns with growing global demand for rare earth elements, which are critical components in technologies ranging from electric vehicles and wind turbines to consumer electronics and defense systems. The technical content of the release was reviewed and approved by Mike Kilbourne, P.Geo., an independent Qualified Person as defined by National Instrument 43-101. The company emphasizes that grab samples and channel samples are select samples and may not be representative of the overall mineralization hosted on the property, maintaining appropriate disclosure standards for mineral exploration projects.