Toronto, Ontario – April 22, 2021 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT:NB7, OTCQB:NLPXF) is pleased to announce that it has entered into a binding letter of intent with Canada Nickel Company Inc, (“Canada Nickel”) to vend the properties previously optioned to Canada Nickel (the "Transaction"), plus additional claims held by Noble. Under the terms of the Transaction, Noble and Canada Nickel will terminate the current option and joint venture agreements with Canada Nickel acquiring 100% of the applicable property rights or claims, in return for 3.5 million common shares of Canada Nickel. Following the closing, Noble anticipates distributing substantially all of those Canada Nickel shares to Noble’s shareholders as an in-kind dividend, based on a record date to be established post closing.
