Noble Completes Arrangement

(TheNewswire)

TORONTO, May 27,2026 – TheNewswire– Noble Mineral ExplorationInc. (“Noble” or the “Company”) (TSXV:NOB) (OTCQB: NLPXF) is pleased to announce the completion of itspreviously announced plan of arrangement (the “Arrangement”) underthe Business Corporations Act(Ontario) (the “OBCA”). TheArrangement was approved by Noble’s shareholders on May 7, 2026 inaccordance with the OBCA, and the Ontario Superior Court of Justice(Commercial List) issued a final order for the Arrangement on May 15,2026. The Arrangement took effect at 12:01 a.m. on May 27, 2026 (the“Effective Time”).

Under the Arrangement, in exchange for each commonshare of Noble (an “OldNoble Share”) held by a shareholder at theEffective Time, each Noble shareholder is entitled to receive one newcommon share of Noble (a “New Noble Share”) and a pro rata portion of9,000,000 common shares of Homeland Nickel Inc. (the “Homeland Shares”and, together with the New Noble Shares, the “Consideration”).Immediately prior to the Effective Time, Noble had a total of264,233,467 common shares issued and outstanding, and therefore thedistribution ratio of Homeland Shares to Noble shareholders will beapproximately 0.03406078 of a Homeland share for each Old Noble Shareheld.  Noble will retain Homeland Shares after the completion of theArrangement, as the distribution of Homeland Shares through theArrangement does not include all of the Homeland Shares held by Nobleprior to the Arrangement.

In order to receive the Consideration to which they areentitled, registered holders of Old Noble Shares will be required todeposit to TSX Trust Company their share certificate(s) or DRSstatements for Old Noble Shares with a duly completed letter oftransmittal (as provided with the information circular for the specialmeeting of Noble shareholders held on May 7, 2026). TSX Trust Companyis acting as depositary for the Arrangement. Shareholders of Noblewhose common shares of Noble are registered in the name of a broker,dealer, bank, trust company or other nominee should contact theirnominee with questions regarding how to receive theConsideration.

Details of the Arrangement were disclosed in themanagement information circular of Noble that was provided for thespecial meeting of Noble shareholders held on May 7, 2026. A copy ofthat circular is also available under Noble's profile on SEDAR+at www.sedarplus.com.

As a result of the Arrangement, on Monday June 1, 2026,the New Noble Shares will begin trading under the following new CUSIPnumber: 65506N200 / ISIN CA65506N2005. The Arrangement remains subjectto final approval of the TSX Venture Exchange.

About Noble Mineral ExplorationInc.

Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company, which has holdings of securities in CanadaNickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and itsinterest in the Holdsworth gold exploration property in the area ofWawa, Ontario.

Noble holds mineral and/or exploration rights in~70,000ha in Northern Ontario and ~25,000 ha elsewhere in Quebec uponwhich it plans to generate option/joint venture exploration programs. Among those are included Noble ‘s mineral rights and/orexploration rights in 18,000 hectares in the Timmins-Cochrane areas ofNorthern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, and anadditional 20% interest in ~38,700 hectares in the Timmins area heldby East Timmins Nickel. Project 81 hosts diversified drill-ready gold,nickel-cobalt and base metal exploration targets at various stages ofexploration.  Noble’s holdings in Ontario also include:  ~4,600hectares in the Nagagami Carbonatite Complex;and ~3,200 hectares in the Boulder Project; both near Hearst, Ontario. In Quebec, it holds: ~3,700 hectares in the Buckingham GraphiteProperty; ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGMproperty; ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGMproperty; ~569 hectare Uranium/Rare Earth property (Chateau); ~461hectare Uranium/Molybdenum property (Taser North); ~4,465 hectares REEMehmet Property; the ~3,300 hectare Gull Lake REE Property; andthe ~1,232 hectare Opawica Scandium and REEProperty.  In Newfoundland and Labrador, it holds the~ 647 hectare Chapiteau REE property.

https://www.noblemineralexploration.com

Noble’s common shares trade on theTSX Venture Exchange under the symbol “NOB”.

Cautionary Note and StatementConcerning Forward Looking Statements

This press release contains certain information thatmay constitute "forward-looking information" under applicableCanadian securities legislation.  Forward-looking information isnecessarily based upon several assumptions that, while consideredreasonable, are subject to known and unknown risks, uncertainties, andother factors which may cause the actual results and future events todiffer materially from those expressed or implied by suchforward-looking information.  Factors that could affect the outcomeinclude, among  others:  future prices and the supply of metals, thefuture demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain andadvance the property, environmental liabilities  (known  and unknown), general business, economic, competitive, political andsocial uncertainties, results of  exploration programs, risks of themining industry, delays in obtaining governmental approvals, failureto obtain  regulatory or shareholder approvals.  There can be noassurance that such information will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such information.  Accordingly, readers should notplace undue reliance on forward-looking information.  Allforward-looking information contained in this press release is givenas of the date hereof and is based upon the opinions and estimates ofmanagement and information available to management as at the datehereof.  Noble disclaims any intention or obligation to update orrevise any forward-looking information, whether because of newinformation. Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.   No stock exchange, securities commission or otherregulatory authority has approved or disapproved the informationcontained herein.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email:        info@noblemineralexploration.com

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