Toronto, Ontario – May 26, 2020 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V: NOB, FRANKFURT: NB7, OTC.PK: NLPXF) announces closing of a non-brokered private placement (the “Private Placement”). Noble raised gross proceeds of $150,000 through the issuance of 1,500,000 flow-through common share units (“FT Units”) at $0.10 per unit. Each FT Unit is comprised of one common share and one common share purchase warrant which entitles the holder to acquire one common share of Noble at an exercise price of $0.10 per share, for a period of three years following the closing. The Company is paying a cash commission of 7% of the amount raised (i.e. $10,500) to a broker that provided assistance with the Private Placement. Noble intends to use the proceeds raised through the Private Placement to fund exploration expenditures.
