Toronto, Ontario – June 11, 2024 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to provide the following updates:
Acquisition of Mann Twp Claims
Noble has acquired a total of 240 mining claims (the “Mann Claims”) in Mann, Duff, and Reaume Townships, covering an area totaling approximately ~5,000 hectares. The Mann Claims were acquired after payment, exploration expenditure commitments and other conditions were satisfied in accordance with on option agreement entered into by Noble in 2021. Under the transaction, the optionors have retained a 2% NSR and a 10% Gross Stone Products Royalty subject to Noble’s right to buyback half of such royalties as further described in a royalty agreement between the parties. For further details regarding the original transactions on the Mann Claims and certain additional properties (collectively, the “Properties”), please refer to the news releases issued by Noble on August 11, 2021 and on July 31, 2023.
