Toronto, Ontario -- November 20, 2012, Noble Mineral Exploration Inc. (the "Company" or "Noble") (TSX-V:NOB, FRANKFURT:NB7, OTC.PK:NLPXF) is pleased to provide an update, further to its press releases of August 22, 2012 and September 10, 2012, on the carbon sequestration modelling undertaken on Project 81 (the "Property"). Subject to the assumptions discussed below, Mikro-Tek Inc. ("Mikro-Tek"), the consultant engaged by Noble to prepare carbon sequestration modelling, has estimated the amount of carbon credits that may be generated from the Property. Using a carbon price of $15 /tCO2 and Mikro-Tek's estimated carbon sequestration figures, IBK Capital Corp. ("IBK"), which is advising Noble on this and other aspects relating to the Property, calculates the net present value of the credits to be in the order of $100 million.
