Noble Minerals Acquires Labrador Rare Earth Property with Significant Exploration Potential

Noble Mineral Exploration Inc. has acquired a rare earth element enriched system on its Chapiteau Property in Labrador through map staking, adding 25 units totaling approximately 647 hectares to its exploration portfolio. The property is strategically located 100 kilometers south of the Strange Lake and B-Zone deposits and 38 kilometers northeast of the Crater Lake Scandium-Rare Earth resource, placing it within a known rare earth element district.

The acquisition gains significance from previous exploration work conducted by Midland Exploration Inc. in 2010 and 2011, which included a 3,143-line-kilometer airborne magnetic and radiometric survey that identified multiple exploration targets. Historical sampling from 81 rock outcrops and mineralized boulders returned exceptionally high values, reaching up to 8.34% total rare earth element oxides including yttrium. The heavy rare earth element oxide content ranged from 2.29% to 12.85% in samples containing more than 0.5% total rare earth oxides.

Individual rare earth element analysis revealed substantial concentrations including up to 8.22% cerium oxide, 3.38% lanthanum oxide, 3.39% neodymium oxide, 0.66% yttrium oxide, 0.96% praseodymium oxide, 0.19% dysprosium oxide, and 0.35% gadolinium oxide. These results indicate the presence of both light and heavy rare earth elements, which are critical for various high-tech applications including electric vehicles, renewable energy technologies, and defense systems.

The mineralization is primarily associated with iron oxides within pegmatite-aplite dikes and plurimetric iron oxide clusters disseminated in an alkaline granite intrusion. This geological setting manifests as a 9-kilometer diameter airborne magnetic anomaly, suggesting substantial mineralized potential. On the specific ground recently staked by Noble, six grab samples collected by Midland returned values ranging from 1.40% to 3.02% total rare earth oxides, confirming the property's mineralized character.

Further validation comes from historical drilling and channel sampling completed in 2011. Drill hole Y3-11-04, targeting the CP North Showing, intersected alkaline granite with disseminated iron oxides and returned consistent rare earth element mineralization. The hole yielded 29 samples averaging 0.14% total rare earth oxides plus yttrium oxide, with the best intervals including 0.13% over 7.5 meters, 0.14% over 12.0 meters, and 0.16% over 7.5 meters.

The Chapiteau Property's proximity to established rare earth resources enhances its exploration potential. Located approximately 38 kilometers northeast of Scandium Canada's Crater Lake Property, which hosts a defined rare earth and scandium resource, the area demonstrates regional rare earth element fertility. However, the company notes that mineralization on adjacent properties may not necessarily indicate similar potential on the Chapiteau Property.

This acquisition aligns with growing global demand for rare earth elements, particularly as nations seek to secure domestic supplies of critical minerals essential for clean energy technologies and advanced manufacturing. The property's location in Labrador provides access to established infrastructure and mining-friendly jurisdictions, potentially accelerating development timelines if economic mineralization is confirmed through future exploration programs. The technical content of the release was reviewed and approved by independent Qualified Person Mike Kilbourne, P.Geo., in accordance with National Instrument 43-101 standards. Additional geological context can be found in the Rare Earth Element Mineralization in the Mistastin Lake and Smallwood Reservoir areas report available at https://www.noblemineralexploration.com.