Nobel Resources to begin drilling at Cuprita

Mr. Lawrence Guy reports FIRST DIAMOND DRILL PROGRAM COMMENCES AT NOBEL'S FLAGSHIP CUPRITA COPPER PROJECT, ANTOFAGASTA REGION, CHILE Nobel Resources Corp.'s diamond drill contractor has commenced mobilization to the Cuprita copper project and drilling will commence during the week of Jan. 12. All necessary permits for this initial drilling at Cuprita have been received from the local authorities. Larry Guy, chairman and chief executive officer of Nobel, stated: "During 2025, our technical team identified highly prospective, near-surface copper targets at the Cuprita project. We are excited to commence drilling this large-scale, mineralized alteration system characterized by widespread copper minerals in outcrop. Nobel is the first company to drill test Cuprita, a copper project with exciting potential in a prolific copper mining region of Chile. This is a fabulous start to 2026 for the company." About Cuprita Cuprita is a highly prospective copper porphyry project in the Atacama region of northern Chile. Cuprita is part of the metallogenic Paleocene porphyry copper belt that hosts several major porphyry copper deposits (such as El Salvador, Cerro Colorado, Spence, Sierra Gorda and Fortuna) as well as several gold deposits. The project sits on a very important north-northeast-trending major structural corridor, crosscut by a northwest-trending secondary structure. This structural setting is almost identical to the structural setting of the world-class Spence, Sierra Gorda and El Salvador porphyry deposits to the north. Nobel geologists have identified multiple key geologic characteristics consistent with a potentially buried porphyry. During the 2025 field campaigns, Nobel geologists identified a leach cap at Cuprita with an associated copper, lead and zinc anomaly in soils. The leach cap and soil anomaly are located adjacent to a ground magnetic low and are situated near the intersection of a major north-northeast-striking fault structure with numerous northwest-striking quartz veins with copper oxides. Intersecting major faults is a common, if not essential, structural control for the emplacement of copper-gold porphyries in the region. The presence of strongly anomalous copper in soil on the flanks of the leach cap is an important positive indicator supporting the potential for a buried mineralized porphyry deposit at the Cuprita project. The highest copper-in-soil values identified to date occur southeast of the outcropping leach cap. Much of the soil anomaly exhibits soil values more than 300 per cent above the expected background levels of the area. In addition, the leach cap and soils anomaly are coincidental with a ground magnetic low, which is a common indicator associated with mineralized systems in the region, where hydrothermal processes have replaced the magnetic minerals. The presence of a leach cap at Cuprita is exceptionally encouraging in a regional context. Leach caps are a key feature of intact porphyry systems in this region. Recirculation of acidic fluids from the buried porphyry below often leaves a bleached or iron oxide rusty appearance on surface. The leach cap identified by Nobel geologists exhibits classic hydrothermal alteration similar to that found above a buried porphyry. The presence of copper oxides, quartz veins and remanent sulphides indicates potential for mineralization under the leach cap, which fits the classic geological model for the region. Geological mapping has also identified a large area of tourmaline breccias covering much of the target, also considered an additional favourable pathfinder, characteristic of productive porphyry systems. Grant of stock options and restricted share units Nobel has issued a total of 3.9 million stock options to purchase common shares of the company to certain officers and directors pursuant to the company's stock option plan. Such options are exercisable into common shares of the company at an exercise price of five cents per common share for a period of three years from the date of grant. In addition, the company has issued a total of 3.6 million restricted share units (RSUs) to certain directors and officers of the company in accordance with the company's restricted share unit and deferred unit plan. The RSUs will vest annually in equal instalments over a three-year period beginning on the one-year anniversary of the grant date. The grant of the options and the RSUs is subject to the approval of the TSX Venture Exchange. Qualified person The scientific and technical information in this news release has been reviewed and approved by David Gower, PGeo, as defined by National Instrument 43-101 of the Canadian Securities Administrators. Mr. Gower is a consultant of Nobel and is not considered independent of the company. About Nobel Resources Corp. Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects. The company has a team with a strong background of exploration success. We seek Safe Harbor.