Toronto, Ontario – August 28, 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 $75,000 through the issuance of 625,000 flow-through common share units (“FT Units”) at $0.12 per unit. Each FT Unit is comprised of one common share and one-half common share purchase warrant which entitles the holder to acquire one common share of Noble at an exercise price of $0.15 per share, for a period of three years following the closing. The Company is paying a cash commission of $4,200 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.
