Noble Mineral releases Lucas NI 43-101 technical report

Jan 3, 2017

NOBLE MINERAL EXPLORATION RELEASES LUCAS GOLD PROJECT – NI43-101 REPORT (REVIEW OF THE 2012 DIAMOND DRILLING PROGRAM)

Noble Mineral Exploration Inc. has released “Technical Report NI 43-101 Project 81, 2016 Update on the Lucas Gold Project (Review of the 2012 Diamond Drilling Program), Lucas, Duff, Tully Townships, Northern Ontario, Canada,” dated Nov. 21, 2016, by Dr. Howard Lahti, PhD, PGeo (New Brunswick), and Randy Singh, BSc, PGeo (Ontario), PEng (Ontario).

The report addressed and shed light on the reason Noble’s 2012 diamond drilling campaign of the Lucas gold project failed to identify the historical gold-mineralized resource zone and to duplicate published historical gold assay results.

Essentially, the error resulted from the digitization of the historical dataset that was originally in the NAD 27, reference datum co-ordinate system, and converted it to NAD 83, reference datum co-ordinate system. However, successive contractor computer programs automatically reconverted the entire dataset from NAD 83, reference datum co-ordinate system, back to NAD 27, reference co-ordinate datum system, because the dataset was listed as historical data resulting in the glaring error of the 2012 diamond drill hole being spotted in the wrong location.

Noble’s management and geological teams are convinced that the historical gold-mineralized/resource zone was completely missed in the 2012 diamond drilling campaign and have every reason to believe a successful follow-up campaign will corroborate earlier historical results.

Mineral exploration prospects, project 81

In order to move the company’s mineral projects forward, it has recently completed an updated prioritization of the geophysical targets on the Lucas gold project and the remaining main property of project 81, located in the Timmins-Cochrane area, Northern Ontario, Canada. New slide presentations to this regard have been posted to the company’s website, which the company would encourage you to visit and review. A number of strong drill-ready base-metal, volcanogenic massive sulphide and gold targets have been identified throughout the project area, including on the Lucas gold project.

With better junior resource financial markets at hand it is contemplated that the company would package its mineral assets into two distinct vehicles with one focused on its gold-related exploration assets and the other on its base-metal, VMS and nickel assets. The gold-related assets would include those identified in project 81 in Lucas, Aubin and Dargavel townships, together with its residual interest in the Wawa-Holdsworth gold and silver project.

It is intended that the shareholders of Noble would be provided the opportunity to participate in both. Please note that any such transactions would be subject to board and TSX Venture Exchange approvals.

Qualified persons

Dr. Lahti and Mr. Singh are qualified persons as such term as defined by National Instrument 43-101 and have verified the data disclosed in this news release. They have otherwise reviewed and approved the technical information in this news release on behalf of Noble Mineral Exploration.

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