Toronto, Ontario -- February 19, 2016 -- Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces that it has closed a second and final tranche of its previously announced non-brokered private placement. (See Noble's news releases of December 7 & 8, 2015, and February 4, 2016). At this closing, the Company raised gross proceeds of Cdn$17,500 through issuance of 1,750,000 common shares at a price of Cdn$0.01 per common share. In connection with the second tranche of the private placement, the Company paid a cash commission of 9% on $5,000 of the amount raised and issued 50,000 compensation warrants exercisable for five years, each warrant exercisable at $0.05 per share. The common shares and compensation warrants issued are subject to a hold period expiring June 20, 2016.
