Noble Minerals Acquires Promising Rare Earth Property in Labrador

Noble Mineral Exploration Inc. has made a significant strategic move by acquiring the Chapiteau Property in Labrador through map staking, securing a rare earth element (REE) enriched system covering approximately 647 hectares across 25 units. This acquisition positions the company in a promising geological corridor just 100 kilometers south of the established Strange Lake and B-Zone deposits and 38 kilometers northeast of the Crater Lake Scandium-Rare Earth resource. The property benefits from extensive previous exploration work conducted by Midland Exploration Inc., which completed a comprehensive 3,143-line-kilometer airborne magnetic and radiometric survey in 2010/2011 that identified multiple exploration targets for rare earth elements.

The geological data reveals exceptionally promising mineralization, with selected samples from 81 rock outcrops and mineralized boulders returning values up to 8.34% total rare earth element oxides (TREOs), including significant concentrations of heavy rare earth elements ranging from 2.29% to 12.85% HREO. Individual element analysis shows remarkable concentrations including 8.22% cerium oxide, 3.38% lanthanum oxide, 3.39% neodymium oxide, and substantial amounts of praseodymium, dysprosium, and gadolinium oxides. The mineralization is primarily associated with iron oxides within pegmatite-aplite dikes and plurimetric iron oxide clusters disseminated in an alkaline granite intrusion, which manifests as a massive 9-kilometer diameter airborne magnetic anomaly. On the newly staked property, six grab samples exceeding 0.5% TREO were identified, ranging from 1.40% to 3.02% TREO with consistent presence of multiple critical rare earth elements.

Historical drilling and sampling work provides additional validation, with drill hole Y3-11-04 intersecting continuous mineralization averaging 0.14% TREO + Y2O3 across multiple intervals, including 0.16% over 7.5 meters. The property's strategic location near established resources like the Crater Lake Project, where Scandium Canada has defined significant rare earth and scandium resources, enhances its exploration potential. This acquisition underscores Noble's commitment to exploring for critical minerals in Canada and represents a substantial addition to the company's extensive portfolio of mineral rights spanning approximately 70,000 hectares in Northern Ontario and additional holdings in Quebec and Newfoundland. The technical content has been reviewed and approved by independent Qualified Person Mike Kilbourne, P.Geo., ensuring professional validation of the exploration potential.