Toronto, Ontario – August 4, 2021 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB.PK:NLPXF) announces that it has acquired 10 million common shares of Spruce Ridge Resources Ltd. (“Spruce”) through the exercise of warrants at $0.05 per share (the “Transaction”), paying a total of $500,000 for the shares. The Transaction was effective on August 3, 2021, bringing Noble’s holdings of Spruce common shares to 18 million (all held directly). Prior to the Transaction, Noble held 8 million common shares of Spruce (which management of Noble estimates corresponded to approximately 4.8% of Spruce’s outstanding shares), and after the Transaction Noble holds 18,000,000 common shares of Spruce (corresponding to approximately 10.1% of Spruce’s outstanding shares).
