Mr. H. Vance White reports

NOBLE ACQUIRES NORTH BRADSHAW PROPERTY IN NORTHERN ONTARIO AND PROVIDES FINAL INFORMATION ON ARRANGEMENT

Noble Mineral Exploration Inc. has entered into an agreement to acquire the North Bradshaw property from Gravel Ridge Resources Ltd. and 1544230 Ontario Inc.

The purchase price payable by Noble for the North Bradshaw property is a total of $73,000 in cash, payable over three years, as well as the issuance of 600,000 common shares of Noble:

• $10,000 on signing;
• $15,000 on the first anniversary;
• $18,000 on the second anniversary;
• $30,000 on the third anniversary.

In addition, the company has agreed that the vendors will be granted a 1.5-per-cent net smelter return (NSR) royalty on the North Bradshaw property, which shall be subject to the company holding a right to buy back one-third of the royalty, equal to a 0.5-per-cent royalty of the 1.5-per-cent royalty, for a payment of $500,000.

Closing of the transaction is subject to satisfaction of certain conditions, including obtaining approval of the board of directors of Noble, as well as any required approval of the TSX Venture Exchange.

Location

The property is contiguous to the Gowest Bradshaw gold property (historically known as the Frankfield East eeposit). The Bradshaw gold property is held by Gowest Gold Ltd.

A prefeasibility study (amended at Sept. 15, 2015) was completed on the Gowest Bradshaw gold property, identifying inferred resources and indicated resources of gold. That report is posted on the website of Gowest Gold.

Geological profile

The Gowest Bradshaw gold property and Noble's North Bradshaw property both lie within the Abitibi greenstone belt, one of Canada's premier Archean gold-producing districts. The Gowest Bradshaw gold property deposit is hosted within a sequence of:

• Mafic volcanic rocks;
• Ultramafic units;
• Strongly altered shear zones;
• Local intrusive rocks.

Gold mineralization occurs in a broad, altered and brecciated structural zone rather than a narrow quartz vein. Previous exploration of the property identified the principal ore body as following the contact between hangingwall basalt and footwall ultramafic rocks, and consists of a thick tabular body with excellent continuity. That previous exploration also reported that higher-grade gold is concentrated along the margins of the main shear zone. Gold occurs primarily as:

• Disseminated pyrite;
• Fine free gold;
• Quartz-carbonate alteration;
• Silica flooding;
• Sericite and carbonate alteration.

Noble's chief executive officer, H. Vance White, said: "We are pleased to be proceeding with the purchase of prospective mining claims in Ontario. Noble believes these projects offer significant potential for new discoveries and continued exploration success."

Qualified person

The technical content of this news release has been reviewed and approved by Wayne Holmstead, PGeo, an independent qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Postarrangement information

Noble is pleased to confirm certain postcompletion details with its respect to its recently completed plan of arrangement under the Business Corporations Act (Ontario). Please refer to the news release issued by Noble on May 27, 2026, describing the completion of the arrangement, and also the management information circular of Noble that was provided for the special meeting of Noble shareholders held on May 7, 2026. (Both documents are available under Noble's profile on SEDAR+.) The arrangement took effect at 12:01 a.m. on May 27, 2026. A copy of that circular is also available under Noble's profile on SEDAR+.

Under the arrangement, prearrangement common shares of Noble are exchanged for one new common share of Noble and a pro rata portion of nine million common shares of Homeland Nickel Inc., at an exchange ratio of approximately 0.034060787614 of a Homeland share, plus one new Noble share, for each old Noble share held. No fractional shares or cash in lieu thereof (or any other form of payment) are payable as part of the distribution of Homeland shares, with the number of Homeland shares due to any shareholder being rounded down to the nearest whole share.

The company is using Homeland Nickel's closing price of 39 cents per share on May 26, 2026, as the fair market value of each Homeland share for the purposes of the arrangement. In addition, the company is treating 39 cents per whole Homeland share as a return of capital to Noble's shareholders. However, Noble disclaims any responsibility for the tax treatment adopted by any or all shareholders with respect to the arrangement, as the tax position that applies to any shareholder will depend on a number of factors that are particular to that shareholder. Shareholders are encouraged to seek their own advice as to the tax treatment of the arrangement applicable to them.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc. and East Timmins Nickel Inc. (20 per cent), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont.

Noble holds mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and approximately 14,000 hectares elsewhere in Quebec and Newfoundland, upon which it plans to generate option/joint venture exploration programs.

Noble holds mineral rights and/or exploration rights in approximately 18,000 hectares in the Timmins-Cochrane areas of Northern Ontario, known as Project 81, approximately 2,215 hectares in Thomas township/Timmins, as well as an additional 20-per-cent interest in approximately 38,700 hectares in the Timmins area and approximately 175 hectares of mining claims in central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds approximately 4,600 hectares in the Nagagami carbonatite complex and its approximately 3,200 hectares in the Boulder project, both near Hearst, Ont., as well as approximately 3,700 hectares in the Buckingham graphite property, approximately 10,152 hectares in the Havre St. Pierre nickel, copper and PGM (platinum group metal) property, and approximately 1,573 hectares in the Cere-Villebon nickel, copper and PGM property, and holds an approximately 569-hectare uranium/rare earth property (Chateau), an approximately 461-hectare uranium/molybdenum property (Taser North), the approximately 4,465-hectare REE (rare earth element) Mehmet property, the approximately 3,300-hectare Gull Lake REE property, and the approximately 1,232-hectare Opawica scandium and REE property, all of which are in the province of Quebec. In Newfoundland and Labrador, it holds the approximately 647-hectare Chapiteau REE property.

Noble's common shares trade on the TSX Venture Exchange under the symbol NOB.

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