Noble Mineral Exploration Inc. signed an agreement to acquire One mining claim in Newfoundland of approximately 175 hectare for CAD 0.03 million.

Noble Mineral Exploration Inc. (TSXV:NOB) signed an agreement to acquire One mining claim in Newfoundland of approximately 175 hectare for CAD 0.03 million on May 30, 2023. Noble is acquiring the Claim through the issuance of CAD 0.025 million common shares of Noble which will be subject to a four month hold period and payment of CAD 0.005 million in cash. Under the Transaction, the Vendor will retain a 2% net smelter royalty (?NSR?) with Noble having the right to buy back 1% NSR for CAD 500,000 and the remaining 1% NSR or CAD 1 million.

The Transaction is subject to approval of the Board of Directors and the TSX Venture Exchange.