(TheNewswire)
Toronto, Ontario / TheNewswire / May 17, 2018 – Noble Mineral
Exploration Inc . (TSX-V: NOB) (“Noble”) issues this clarifying News Release as requested by IIROC with respe
ct to certain statements in Noble’s News Release dated May 8, 2018 regarding the Crawford
Property and the property of Spruce Ridge Resources Ltd.
IIROC advised that with respect to Noble’s properties within Crawford Township, Ontario (part of Project 81),
Noble’s statement that there “is a high potential to find another world class VMS and/or nickel-Cobalt mineral deposit” is
overly promotional and potentially misleading based on the level of exploration completed on the property.
Management of Noble, including the “Qualified Person” who reviewed the news release prior to its dissemination, accepts
IIROC’s view and retracts the statement.
IIROC also advised that it felt that, referring to the historical drilling results from INCO that
were cited in that news release and the compilation of those results prepared by Orix Geoscience Inc., Noble failed to disclose
data verification information as required by National Instrument 43-101 .
Noble now clarifies that the compilation prepared by Orix Geoscience Inc. was a compilation of historical exploration results
and did not involve new exploration. Accordingly, the compilation report has not been publicly disseminated by Noble as it
relates to and merely compiles historical exploration results in respect of which a qualified person has not done sufficient work
to classify the historical estimate as current mineral resources or mineral reserves. Noble is not treating the historical
results compiled by Orix Geoscience Inc. as reporting or identifying current mineral resources or mineral
reserves.
IIROC also advised that Noble’s statement, with respect to the Crawford property, that nickel may be
“present as potentially recoverable nickel-bearing sulphide or free metallic Ni minerals” was overly promotional and
potentially misleading based on the level of exploration completed on the property. Management of Noble, including the
“Qualified Person” who reviewed the news release prior to its dissemination, accepts IIROC’s view and retracts the
statement.
Randy S.C. Singh P.Geo (ON), P.Eng (ON) VP- Exploration & Project Development of Noble and a
"qualified person" as such term is defined by National Instrument 43-101, has verified the data relating to Noble disclosed in this
news release.
In addition, with respect to the disclosure in the news release detailing the assets of Spruce Ridge Resources
Ltd. (TSX-V: SHL) (“Spruce Ridge”), the Company to whom Noble granted an option for a portion of the properties in Crawford
Township, IIROC advised that the description of 237,000 tonnes at 2.51% copper (undiluted) having been identified at the Great
Burnt Zone of Spruce Ridge’s Great Burnt Copper/Gold property constitutes “restricted disclosure” under National Instrument 43-101,
and the reference to a “[p]otential high-grade starter pit” and to management considering that “an open pit with processing at a
custom facility should have low capex requirements” are both overly promotional, and not supported by a preliminary economic
assessment, pre-feasibility study or feasibility study. Management of Noble accepts IIROC’s view and retracts these
statements.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company which, apart from its
shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Wawa-Holdsworth gold exploration property in Wawa,
Ontario, has as its flag ship program Project 81, a contiguous land package of approximately ~70,000 hectares covering 12 townships
immediately north of the Kidd Creek Mine (celebrating its 51st year of operation). Project 81 which has seen very limited mineral
exploration over the last 50 years and has had a number of historical drill indicated Gold, Copper, Lead-Zinc, Silver and Nickel
showings. Noble has confirmed the discovery of a very large, low grade Nickel-Cobalt Deposit in Kingsmill Township in 2012, which
is within the project area. The Lucas Gold showing was also drill tested by Noble in 2012 with additional follow up drilling to be
carried out during the 2018 winter exploration season. Additional information can be found on our website at www.noblemineralexploration.com .
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble
Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations,
risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange
and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise.
Contacts:
Noble Mineral Exploration Inc.
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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