Toronto, Ontario – November 15, 2022 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that it is undertaking a non-brokered private placement (the “Private Placement”), on a best efforts basis, involving the issuance of up to 5,000,000 flow-through common share units (“FT Units”) priced at $0.09 per unit, subject to increase of up to 25% at the discretion of Noble should investor interest warrant doing so. The gross proceeds raised are up to $450,000 (before fees and expenses), subject to increase as noted. Each FT Unit will be comprised of one common share to be issued as a “flow-through share” as defined in the Income Tax Act (Canada) and designated as a flow-through common share (“FT Share”) and one-half non-flow-through common share purchase warrant, each full warrant (“Warrant”) exercisable for three years for one common share in the capital of the Company at an exercise price of $0.11 per common share.
