Noble Mineral receives TSX-V approval for 1:5 rollback

Jan 18, 2017

NOBLE TO COMPLETE 1 FOR 5 SHARE CONSOLIDATION

The TSX Venture Exchange has approved a share consolidation of the common shares of Noble Mineral Exploration Inc. on the basis of one new postconsolidation common share for five preconsolidation common shares. The share consolidation will be effective at the opening of the market on Jan. 18, 2017. The company’s name and trading symbol will remain unchanged.

Upon the share consolidation taking effect, the company’s currently issued and outstanding 179,748,650 common shares will be consolidated into approximately 35,949,730 issued and outstanding postconsolidation common shares. No fractional common shares will be issued as a result of the share consolidation. All fractional common shares resulting from the share consolidation will be rounded down to the nearest whole number of common shares. The company’s outstanding stock options and warrants will be adjusted on the same basis to reflect the share consolidation in accordance with their respective terms, with proportionate adjustments being made to exercise prices.

Subsequent to the share consolidation, registered shareholders will receive a letter of transmittal from the transfer agent for the company describing the process by which they may obtain new certificates representing their postconsolidation common shares. Non-registered shareholders holding their common shares through a bank, broker or other nominee should note that such banks, brokers or other nominees may have different procedures for processing the share consolidation than those put in place by the company for registered shareholders. Non-registered shareholders should consult their broker for further information.

The share consolidation was approved by the shareholders of the company at the 2016 annual general and special meeting of shareholders held on Dec. 8, 2016, and was previously announced by the company (see the news releases issued on Aug. 24, Nov. 18 and Dec. 14, 2016). The company believes that the completion of the share consolidation should facilitate future financings by the company, as these may be accomplished through the issuance of additional common shares at prices higher than the minimum share issuance price permitted under TSX Venture Exchange policies.

About Noble Mineral Exploration

Noble Mineral Exploration is a Canadian-based junior exploration company holding in excess of 70,641 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario. The company also holds a portfolio of diversified exploration projects at various stages of exploration of gold in the Wawa area of Northern Ontario and uranium in Northern Saskatchewan.

http://www.noblemineralexploration.com/s/NewsReleases.asp