Noble Mineral Exploration Inc. to Acquire Lucas Gold Project from Canada Nickel

About this update from Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. to Acquire Lucas Gold Project from Canada Nickel (TheNewswire)    Toronto, Ontario – TheNewswire - July 13, 2026 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) Noble Mineral Exploration Inc. is pleased to announce that it has entered into a binding Letter of Intent to acquire the Lucas Gold Project from Canada Nickel Company Inc. (“CNC”). Transaction Structure Noble will issue 5,000,000 units in the capital of Noble (the Units”), with the Units being valued at $0.06 per Unit. Each Unit will consist of one Common Share and one half non-transferable Common Share Purchase Warrant. One Common Share Purchase Warrant will be exercisable allows at $0.15 per share for a period of two (2) years;  CNC will be granted the right (the Back-in Right”) to purchase from Noble a 25% interest in the Property, at any time beginning on the Trigger Date (as defined below), by making a payment to Noble equal to four (4) times the expenditures incurred by Noble for the exploration and maintenance of the Property (including any costs of geological, scientific and other analyses and reports) (“Exploration Expenditures”).  The “Trigger Date” will be the date that is the earlier of: (1) 36 months from the closing of the transaction; (2) the date when at least $5 Million of Exploration Expenditures have been incurred on or with respect to the Property (including any adjacent properties); and (3) the date when Noble enters into a binding agreement for the sale of the Property, or the date when a change of control occurs with respect to Noble unless the Back-in Right is not affected by such transaction.  The transactions under the letter of intent remain subject to the parties negotiating a definitive agreement, as well as to compliance with legal requirements and any requirements of the TSX Venture Exchange.  As such, Noble and CNC will announce further details as work on the transaction proceeds.   Vance White President and CEO of Noble said:” We are very pleased to be proceeding with the repurchase of an excellent gold prospect on which we know from past work carried out by Noble of an existing gold zone but also a number of untested parallel zones.” Abo...

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