Nobel Resources Corp. — Capital/Financing Update 2024

Nov 12, 2024

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NOBEL CLOSES PRIVATE PLACEMENT OFFERING

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, ONTARIO November 12, 2024 – Nobel Resources Corp. (TSX–V: NBLC; OTCQB: NBTRF) (the “Company” or “Nobel”) announces hat it has closed its previously announced non-brokered private placement financing, on an oversubscribed basis, of 25,350,000 units (the “ Units ”) priced at $0.05 per Unit for gross proceeds of $1,267,500 (the “ Offering ”).

Each Unit is comprised of one common share in the capital of the Company (each a “ Common Share ”) and one-half of one Common Share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant entitle the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 36 months following the completion of the Offering. Securities issued under the Offering are expected to carry a holder period of 4 months and one day from the date of issue as may be required under applicable securities laws.

The Company plans to use the aggregate net proceeds of the Offering to identify and evaluate mineral properties for potential acquisition as well as general corporate working capital purposes.

In connection with the Offering, Nobel paid finder’s fees of $20,612.50 in cash and issued 339,500 non-transferable finder’s warrants (the “ Finder’s Warrants ”). Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at a price of $0.05 for a period of 36 months following the completion of the Offering. The Offering is subject to the final approval of the TSX Venture Exchange.

Certain directors and officers of the Company have subscribed for an aggregate amount of 3,500,000 Units pursuant to the Offering (collectively, the “ Insider Participation ”). The Insider Participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“ MI 61-101 ”). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Nobel

Nobel Resources is a Canadian resource company focused on iden�fying and developing prospec�ve mineral projects. The Company has a team with a strong background of explora�on success.

For further informa�on, please contact:

Vincent Chen Investor Rela�ons vchen@nobel-resources.com www.nobel-resources.com

Cau�onary Note Regarding Forward-looking Informa�on

This press release contains “forward-looking informa�on” within the meaning of applicable Canadian securi�es legisla�on. Forward-looking informa�on includes, without limita�on, regarding the Offering, the use of proceeds of

future plans. Generally, forward-looking informa�on can be iden�fied by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “es�mates”, “forecasts”, “intends”, “an�cipates” or “does not an�cipate”, or “believes”, or varia�ons of such words and phrases or state that certain ac�ons, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forwardlooking informa�on is subject to known and unknown risks, uncertain�es and other factors that may cause the actual results, level of ac�vity, performance or achievements of Nobel, as the case may be, to be materially different from those expressed or implied by such forward-looking informa�on, including but not limited to: general business, economic, compe��ve, geopoli�cal and social uncertain�es; the actual results of current explora�on ac�vi�es; risks associated with opera�on in foreign jurisdic�ons; ability to successfully integrate the purchased proper�es; foreign opera�ons risks; and other risks inherent in the mining industry. Although Nobel has atempted to iden�fy important factors that could cause actual results to differ materially from those contained in forward-looking informa�on, there may be other factors that cause results not to be as an�cipated, es�mated or intended. There can be no assurance that such informa�on will prove to be accurate, as actual results and future events could differ materially from those an�cipated in such statements. Accordingly, readers should not place undue reliance on forward-looking informa�on. Nobel does not undertake to update any forward-looking informa�on, except in accordance with applicable securi�es laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.