Noble Mineral Exploration Inc. (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) announced the commencement of its Phase 2 summer exploration programs on the Chapiteau Rare Earth Property in Labrador and the Mehmet Rare Earth Property in Quebec. The surface exploration programs, requiring helicopter support, are scheduled for the last week of June and the first week of July, with Canadian Helicopters out of Goose Bay, Labrador providing support.
The Chapiteau Rare Earth Property, acquired in late 2025, consists of 25 map-staked units in one group and 18 units about 15 km east, located in a prospective rare earth district approximately 100 km south of the Strange Lake REE deposits and 38 km northeast of the Crater Lake Scandium-REE resource. The property covers part of a large REE-enriched alkaline intrusive system initially explored by Midland Exploration during 2010-2011. Midland's regional airborne magnetic and radiometric survey identified numerous REE targets associated with a magnetic alkaline granite complex about 9 km in diameter. Grab samples returned up to 8.34% Total Rare Earth Oxides (TREO), with heavy rare earth enrichment ranging from 2.29% to 12.85% HREO. Within Noble's claims, six grab samples exceeded 0.5% TREO, ranging from 1.4% to 3.02% TREO. Only one drill hole, Y3-11-04, was completed on the property, returning anomalous REE values averaging approximately 0.14% TREO + Y2O3 over the entire hole, with intervals including 0.13% over 7.5 m, 0.14% over 12.0 m, and 0.16% over 7.5 m.
The Mehmet Rare Earth Property in northeastern Quebec is classified as a hyperalkaline rare-metals showing, which can host REEs, niobium, zirconium, tantalum, uranium, and other critical minerals. One sample contained 2157.1 ppm rare earth elements, including 550 ppm neodymium, 623 ppm lanthanum, 483 ppm fluorine, and 1027.3 ppm cerium. These systems are attractive for their potential to host large-tonnage critical mineral deposits essential for electric vehicles, wind turbines, permanent magnets, and defense technologies.
H Vance White, President and CEO, stated, "we are pleased to get this program underway in order to determine the expected follow up programs later this summer and early fall." The technical information in this release has been reviewed by Wayne Holmstead, Quebec P.Geo., a qualified person under National Instrument 43-101.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company with holdings in various properties, including ~70,000 ha in Northern Ontario and ~25,000 ha in Quebec. The company's common shares trade on the TSX Venture Exchange under the symbol "NOB". More information is available at noblemineralexploration.com.
This press release contains forward-looking information subject to risks and uncertainties, including future metal prices, demand, drilling results, and financing availability. Readers should not place undue reliance on forward-looking statements.
