Mr. H. Vance White reports

NOBLE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Noble Mineral Exploration Inc. is undertaking a non-brokered private placement on a best efforts basis, involving the issuance of up to seven million flow-through (FT) common share units at a price of 15 cents per unit, subject to an increase of up to 25 per cent at the discretion of Noble. The gross proceeds to be raised are up to $1.05-million (before fees and expenses), subject to increase as noted. Each FT unit will comprise one common share to be issued as a flow-through share and one-half non-flow-through common share purchase warrant, each full warrant will be exercisable for two years for one common share in the capital of the company at an exercise price of 20 cents per common share.

The securities to be issued in this private placement are subject to a four-month hold period.

The private placement is subject to customary closing conditions, including the approval of the board of directors of Noble and the TSX Venture Exchange. Noble intends to use the proceeds raised through the private placement to finance exploration expenditures for critical minerals on the company's properties.

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 24,000 hectares elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs. Noble holds mineral rights and/or exploration rights in 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 held by East Timmins Nickel. 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., 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, the approximately 569-hectare uranium/rare earth property (Chateau), approximately 461-hectare uranium/molybdenum property (Taser North), approximately 4,465-hectare Mehmet REE (rare earth element) property and the approximately 3,300-hectare Gull Lake REE property, all of which are in the province of Quebec, and the approximately 647-hectare Chapiteau REE property in Labrador.

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

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