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

Noble Mineral Exploration Inc. has acquired through map staking a rare earth element enriched system on its Chapiteau Property located in Labrador. The property consists of 25 map staked units totaling approximately 647 hectares, situated 100 kilometers south of the Strange Lake and B-Zone deposits and 38 kilometers northeast of the Crater Lake Scandium-Rare Earth resource.

The property covers ground previously explored by Midland Exploration Inc. in 2010 and 2011, where a 3,143-line-kilometer airborne magnetic and radiometric survey identified several new exploration targets for rare earth elements. Historical prospecting and sampling of exposed portions of these magnetic and radiometric anomalies returned significant results from 81 rock outcrops and mineralized boulders, with values reaching 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 oxides. Individual rare earth element analysis yielded substantial 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 most significant mineralization concentrations are associated with iron oxides nested in pegmatite-aplite dikes and plurimetric iron oxide clusters disseminated within an intrusion interpreted as an alkaline granite. Grab samples from twenty-six new mineralized areas returned values ranging from 1.02% to 8.34% total rare earth oxides. The alkaline granite hosting this mineralization manifests as an airborne magnetic anomaly measuring 9 kilometers in diameter.

On the property recently staked by Noble, six grab samples exceeding 0.5% total rare earth oxides were previously located by Midland, ranging from 1.40% to 3.02% total rare earth oxides with corresponding individual element concentrations. Additional exploration work included a series of channel samples and one diamond drill hole completed in 2011. Drill hole Y3-11-04, targeting the CP North Showing, intersected grey-pink coarse grained alkaline granite with 2-3% disseminated iron oxides and amphiboles.

The drill hole collected 29 samples varying in length from 1 to 1.5 meters, all returning anomalous total rare earth oxides plus yttrium oxide values averaging 0.14% and ranging from 0.11% to 0.19%. The best assay results included 0.13% over 7.5 meters, 0.14% over 12.0 meters, and 0.16% over 7.5 meters at various depth intervals. The Chapiteau Property is located approximately 38 kilometers northeast of the Crater Lake Property where Scandium Canada has defined a rare earth and scandium resource, though the mineralization on the Chapiteau property may differ.

This acquisition demonstrates Noble Mineral Exploration Inc.'s continued commitment to exploring for critical minerals in Canada at a time when global demand for rare earth elements continues to grow. 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. More information about the company's activities can be found at https://www.noblemineralexploration.com.