Mr. Lawrence Guy reports

NOBEL RESOURCES ANNOUNCES ADDITIONAL RESULTS AT THE CUPRITA PROJECT, ATACAMA REGION, CHILE

Nobel Resources Corp. has provided an update on its continuing exploration at the Cuprita project in Atacama region, Chile. Following the recent identification by Nobel geologists of a leach cap with characteristics strongly associated with porphyry copper-(gold) deposits in the region at Cuprita, including associated highly anomalous copper in soils and bedrock, the company has additionally confirmed:

1. The existence of an IP chargeability and resistivity anomaly typical of porphyry copper deposits in the region;
2. The presence of highly anomalous copper chip samples from outcrops associated with the leach cap.

The geological features being identified by Nobel fieldwork at Cuprita demonstrates the project is highly prospective.

According to Vern Arseneau, chief operating officer of Nobel: "After only a few short weeks in the field, Nobel Geologists have identified key characteristics of a shallow mineralized porphyry system at Cuprita. The leach cap, IP anomaly, significant copper-bearing rock chips and the copper-in-soil anomaly are all located adjacent to a ground magnetic low. These traits are situated near the intersection of a major north-northeast-striking fault structure with numerous northwest-striking quartz veins with copper oxides. Intersecting major faults is a common, if not essential, structural control for the emplacement of copper-gold porphyries in the region. This is essentially the complete suite of important indicators used when identifying productive porphyry copper systems, combined with a leach cap in one of the most important porphyry copper belts globally, indicate excellent potential for a mineralized porphyry deposit at the Cuprita project."

The IP survey was carried out by Argali Geophysical SA during November, 2018, and consisted of three east-west lines across the area of the recently identified leach cap. Survey parameters were 100-metre-spaced dipoles with an estimated depth penetration of 700 m at N equals 27. The top of the IP anomaly, based on this data, is estimated to be approximately 200 metres below surface. All three lines exhibit a similar chargeability/resistivity response and the anomaly remains open to the north and south.

The chargeability anomalies from seven to nine millivolts per volt are in line with many of the porphyry copper deposits near Inca de Oro which are notoriously low in pyrite and therefore in chargeability. Chargeability of less than 10 mV/V has been observed at many deposits local to Cuprita. Similarly, field observations by Nobel geologists have also confirmed the general lack of pyrite in altered rocks at Cuprita.

Rock chip sampling of mineralized structures associated with the leach cap, anomalous soil samples and the ground magnetic anomalies returned highly anomalous copper values ranging from 0.25 to 3.46 per cent Cu. Many of the rock samples contain remnant copper sulfides, such as chalcocite, chalcopyrite and locally bornite. Additionally, a sample taken 500 m to the northeast, where QZ vein stockwork with disseminated chrysocolla outcrops with a grade of 2.06 per cent Cu signifying the potential for a large extensive system.

According to Larry Guy, chief executive officer, "Nobel geologists believe that this newly identified geological/geochemical evidence along with the geophysical compilation points to potential for a large mineralized porphyry at shallow depth covering the area between the anomalous soil results to the south and extending more than two kilometres north to the previously reported ground magnetic lows."

Geologically, Cuprita is part of the Metallogenic Paleocene porphyry copper belt that hosts several major porphyry copper deposits, such as El Salvador, Cerro Colorado, Spence, Sierra Gorda, Fortuna as well as several gold deposits. Recent fieldwork at Cuprita has focused the targeting for forthcoming drill programs.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by David Gower, PGeo, as defined by National Instrument 43-101 of the Canadian Securities Administrators. Mr. Gower is a consultant of Nobel and is not considered independent of the company.

About Nobel Resources Corp.

Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects. The company has a team with a strong background of exploration success.

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