Noble Mineral Exploration Inc. (TSXV: NOB) (OTCQB: NLPXF) has entered into an agreement to acquire the North Bradshaw Property from Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. The purchase price includes $73,000 in cash payable over three years and the issuance of 600,000 common shares. The vendors will also receive a 1.5% net smelter returns royalty, with Noble holding the right to buy back one-third of the royalty for $500,000.
The property is contiguous to Gowest Gold Ltd.'s Bradshaw Gold Property, historically known as the Frankfield East Deposit. A pre-feasibility study completed in 2015 on the Gowest property identified indicated and inferred gold resources. The acquisition aligns with Noble's strategy to explore highly prospective ground in the Abitibi Greenstone Belt, one of Canada's premier Archean gold-producing districts.
Geologically, the deposit is hosted in mafic volcanic rocks, ultramafic units, and strongly altered shear zones. Gold mineralization occurs in a broad, altered and brecciated structural zone rather than a narrow quartz vein, with higher-grade gold concentrated along the margins of the main shear zone. The gold is primarily associated with disseminated pyrite, fine free gold, and quartz-carbonate alteration.
Noble's CEO, H. Vance White, stated, "We are pleased to be proceeding with the purchase of prospective mining claims in Ontario. Noble believes these projects offer significant potential for new discoveries and continued exploration success."
In addition to the acquisition, Noble provided final information on its recently completed plan of arrangement, which took effect on May 27, 2026. Under the arrangement, each pre-arrangement share was exchanged for one new share and a pro rata portion of 9,000,000 common shares of Homeland Nickel Inc., at an exchange ratio of approximately 0.034060787614. The fair market value of each Homeland share was set at $0.39, treated as a return of capital.
Noble disclaims responsibility for individual tax treatments and encourages shareholders to seek their own advice. The company holds a diverse portfolio of exploration properties across Ontario, Quebec, and Newfoundland, including the ~18,000-hectare Project 81 in the Timmins-Cochrane area, which hosts drill-ready gold, nickel-cobalt, and base metal targets.
The technical content of this release has been reviewed by Wayne Holmstead, P.Geo., an independent Qualified Person as defined by National Instrument 43-101. The acquisition is subject to board approval and TSX Venture Exchange acceptance.
For more information, visit Noble's website at www.noblemineralexploration.com or refer to documents on SEDAR+ at www.sedarplus.com.
