Toronto, Ontario -- January 18, 2016 -- Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces that it has raised gross proceeds of Cdn $175,000 through the issuance of 17,500,000 common shares at a price of Cdn $0.01 per common share in its previously announced best efforts private placement. (See Noble's news releases of December 7 & 8, 2015.) In connection with the private placement, the Company paid a cash commission of 9% of the amount raised and issued 1,750,000 compensation warrants exercisable for five years, each warrant exercisable at $0.05 for one common share. The common shares and compensation warrants issued are subject to a hold period expiring May 14, 2016.
