Noble Mineral Exploration Inc. announced that it has signed an agreement to acquire 241 mining claims (the "Claims") in Calder, Lennox and Ottaway Townships, Ontario, covering an area of approximately 4,800 hectares. The Transaction will provide Noble with control over a contiguous area of approximately 75km by approximately 15km. The Claims cover the northern limit of the Abitibi sub-province close to the sub-province boundary contact with the Quetico sub-province to the north. Seismic and lithogeochemical surveys suggest sub-province boundary contacts are major deep-seated long-lived fault conduits capable of focusing hydrothermal fluids. Historic work has disclosed diorite and dacite, trace chalcopyrite and graphite and overburden depth of 90 feet, and graphite bearing metasediments and mafic volcanic rocks were encountered in 1962 in the southeast claim area. In 1984, gold assays from ablation till up to 4800 ppb gold in heavy metal concentrate from a reverse circulation drill program. The latest work was completed in 2000 when M. Valliere completed trenching and drilled 5 short holes with a combined length of 262 feet. Drilling encountered quartz feldspar biotite gneiss and mafic volcanic rocks. Quartz tourmaline veining was reported in one drill log. Geochemical analysis of rock gave results consistent with mafic volcanic rock with 48% SiO2. All exploration results disclosed in this news release are historical and have not been verified by a qualified person on behalf of Noble. The results are therefore non-compliant with the requirements of National Instrument 43-101. Transaction Terms
Pursuant to the Transaction, Noble is required to pay a total of $102,500 over up to four years to acquire the Claims. Under the Transaction, the vendor of the Claims will retain a 2% NSR that will be subject to Noble's
right to buy back 50% of the royalty for $1,000,000. The Transaction has been approved by the Board of Directors of Noble and is not subject To Approve the TSX Venture Exchange.