Noble Acquires North Bradshaw Property in Northern Ontario and Provides Final Information on Arrangement

Noble Mineral Exploration Inc. has entered into an agreement to acquire the North Bradshaw Property from Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. The property is located within the Abitibi Greenstone Belt and is contiguous to the Gowest Bradshaw Gold Property, which is held by GoWest Gold Ltd.

The transaction requires a total cash consideration of $73,000, payable in installments over three years. Payments include $10,000 on signing, $15,000 on the first anniversary, $18,000 on the second anniversary, and $30,000 on the third anniversary. In addition to the cash component, the equity consideration consists of 600,000 common shares of Noble Mineral Exploration Inc. The vendors retain a 1.5% Net Smelter Returns (NSR) royalty, with an option for Noble to buy back 0.5% for $500,000.

The release confirms the completion of a plan of arrangement effective May 27, 2026. Under the terms of the arrangement, pre-arrangement shares were exchanged for one new Noble share and a pro rata portion of 9,000,000 Homeland Nickel Inc. shares. The fair market value of Homeland shares was set at $0.39 per share at the time of distribution.

Noble Mineral Exploration Inc. (NOB) has acquired the North Bradshaw property, a move that aligns with the company’s established strategy of staking and acquiring small, early-stage properties to build a diversified portfolio across Ontario and Quebec. The transaction involves a $73,000 cash outlay spread over three years, a figure that is immaterial relative to the company’s $1.5 million cash position and a recent $1.05 million private placement. Additionally, the issuance of 600,000 shares represents approximately 0.23% dilution to the ~264 million outstanding shares, a negligible amount.

No immediate exploration or drilling is announced for North Bradshaw, as the asset serves as a long-term portfolio addition. This incremental property acquisition is consistent with historical announcements and does not introduce new catalysts or change the company's risk profile. The market has already priced in the company's portfolio expansion strategy, making this a routine follow-up to previous staking and acquisition activities. While the news is positive, it lacks the scale or strategic shift required to move the stock materially.

Noble Mineral Exploration Inc. (NOB) holds approximately 70,000 hectares in Northern Ontario and roughly 14,000 hectares across Quebec and Newfoundland. The company focuses on critical minerals, including rare earth elements (REE), scandium, nickel, and gold, as well as precious metals. It leverages government grants, such as the Ontario Junior Exploration Program (OJEP), and joint ventures to fund its exploration activities. Strategic holdings include securities in Canada Nickel Company, Homeland Nickel Inc., and a 20% interest in East Timmins Nickel Ltd.

In the Timmins area, the company’s flagship Carnegie and Thomas properties target volcanogenic massive sulphide (VMS) mineralization similar to the Kidd Creek mine. Recent drilling intersected 6.5m of 0.64% Zn and 1m of 1.90% Zn.

The company’s rare earth properties include Chapiteau in Labrador and Mehmet in Quebec, which show promising historical geochemistry. TREO grades at these sites have reached up to 8.34%, with government samples returning 2,157 ppm REE. Additionally, the Gull Lake property in Quebec is staked adjacent to the Montviel carbonatite REE deposit, positioning the company near a major North American REE resource.