Project 81 March 2019

March 2019

PROJECT 81 ~79,000 Ha of Mineral Potential Kidd Creek Mine Area Timmins-Cochrane - Northern Ontario - Canada

PROJECT 81 79,000 Ha Under Explored Property

Airborne Gravity Gradiometer Survey

Complete Airborne Geophysical Coverage

Artificial Intelligence Coverage Diamond Drilling Campaigns by JV Partners for Fall/Winter 2019-2020

VMS Targets Gold Targets Ni+Co+/-Pt+/-Pd Targets

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FORWARD-LOOKING STATEMENT

Certain statements contained in this presentation that are forwardlooking in nature are based on the current beliefs and assumptions of the Company’s management.

When used in this presentation, the words "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information.

These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes.

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DISCLOSURE OF EXPLORATION RESULTS & HISTORICAL ESTIMATES

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Exploration activities were conducted on Noble’s Project 81 prior to the adoption of National Instrument 43-101 (“NI 43-101”), as well as more recently when NI 43-101 was in force.

•

Historical Exploration results that pre-date the adoption of NI 43-101 do not comply with current definitions prescribed by NI 43-101 or the Canadian Institute of Mining, and are disclosed only as indications of the presence of nickel, VMS, gold and other minerals. The historical models and data sets used to prepare these historical estimates are not available to Noble, nor have they been verified under current standards. In order to verify these resources as current estimates, Noble will have to conduct additional exploration work to verify the historic data. An independent qualified person for the purposes of NI 43-101 has not done sufficient work to classify these historical estimates as a current mineral resources or mineral reserves and Noble is not treating the historical estimates as a current mineral resources or mineral reserves.

•

For information concerning the historical results of exploration activities conducted on Project 81, readers are encouraged to review “NI 43-101 Technical Report on the Project 81 Area”, a technical report prepared for the Company by Ulrich Kretschmar, P. Geo., that is available on the Company’s website (http://www.noblemineralexploration.com) and under the Company’s profile on SEDAR (www.sedar.com). This is the most recent technical report prepared in respect of the Property, in accordance with National Instrument 43-101 (NI 43-101).

•

Randy S.C. Singh, P.Geo. (ON), P.Eng (ON), Vice President, Exploration & Project Development for Noble Mineral Exploration Inc., is a "qualified person" as defined in NI 43-101, has reviewed and approved the disclosure of mineral exploration information contained in this presentation.

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SYNOPSIS WHY INVEST IN NOBLE? •

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Excellent Exploration potential – one of Canada’s largest, under-explored and privately held land packages approximately 30km north of the Timmins major mining district with first class infrastructure in place • 2-3km north of Glencore’s Kidd Creek Mine, 50 years of base-metal production have produced in excess of 150mm tons of VMS base metal ores; • These types of deposits globally occur as clusters and Satellite deposits of 30-50mm tons normally occur globally within 15-30kms of these type of mega deposits; • Project 81 has >4,000 anomalous responses with 1,822 targets, resulting in 532 unique bedrock targets within 94 anomalous trends.

Excellent Project Generator Candidate - 100% owned mineral rights on its Project 81 property which consists of 14 townships spanning over ~79,000 hectares (~195,000 Acres) including recently staked mineral claims of high-potential nickel-cobalt, VMS and gold targets • Exploration potential is being de-risked buy entering into Option and JV Agreements with other exploration companies and private investor groups; • 2 Option/Joint Ventures on Project 81 signed to date; • Working on additional joint venture opportunities with a view to having significant exploration expenditures carried out on the project over the next 24-36 months; • Settlement agreement in place with Ministry of Northern Development and Mines on mining land taxes Noble is also an investment holding company – • owns 7.75mm shares and 7.75mm warrants MacDonald Mines Exploration Limited (16.8% partially diluted ownership), 5,000 oz gold streaming, plus a 1.5% gold NSR on the Wawa-Holdsworth Gold Project; • owns 3mm shs and 5mm wts of Spruce Ridge Resources Ltd Well respected financial partner and technical partners applying state of the art technology to find metal in the ground - geoscience, geophysics and gravity surveys to identify and prioritize gold, copper, lead, zinc and nickel drill-ready targets Possible discoveries in the near future – Multiple Diamond Drilling Programs throughout Spring-Summer-Fall 2019

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NOBLE PROJECT 81 79,000 HECTARES LAND PACKAGE DRILL READY TARGETS

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Project 81’s Area Play is a ~79,000 Ha Land Package

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Located approximately 30 km north of Timmins world famous for >75mm oz. of Au production

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2-3 km north of the world class Kidd Creek Mine celebrating its 52nd year of continuous production having produced >161mm tonnes of ore www.noblemineralexploration.com

GOOGLE MAP SHOWING TIMMINS AREA INFRASTRUCTURE

• Significant industry services, supplies and infrastructure in place in Timmins with access by paved Highway 655 • Ample access to power and water • MoU signed with First Nations • Drill programs proposed for fall/winter 2019-2020 4/16/2019February, 2012

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GOOGLE MAP SHOWING HISTORICAL EXPLORATION ACTIVITIES • Under Explored Project Area – 79,000 Ha • MNDM database showing the lack of exploration within the Project 81 area • VMS Targets • Gold Targets • Ni+Co+/-Pt+/-Pd Targets • Noble and JV Drill programs proposed for summer/fall/winter 20192020 8

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KIDD CREEK DISCOVERY HOLE EM CONDUCTORS & MAG ANOMALY

Discovery Hole K 55-1

EM Conductors

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Magnetic Anomalies

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* Non-compliant under NI 43-101

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For 50 years, Kidd operations has provided the world with a significant supply of copper, zinc and silver The discovery hole in 1963 was a massive 629 feet averaging: • 1.18% copper • 8.1% zinc • 3.8oz/ton silver* This discovery caused a major uptick in US/Canadian stock exchanges and the wildest land rushes ever seen Kidd Creek mine is now operating below 9,600 feet www.noblemineralexploration.com

KIDD CREEK MINE DISCOVERY CROSS SECTION (Showing Mag, EM, and Gravity Profiles)

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PROJECT 81 BEDROCK CONDUCTOR TARGETS (8 NORTHERN TOWNSHIPS ONLY) VMS Targets: • T-10 : 2,000 m Bedrock Conductor in Volcanics • T-34 : 900 m trend in Volcanics • T-36 : 700 m trend in Volcanic-Ultra Mafic contact • T-38 : 400 m trend in Volcanics • T-37 : 1,700 m trend incl. 0.24% Cu/ 13.4’ in 25020* Gold Targets: • T-85 : 1,600 m trend incl. 0.86 g/t over 23.6’ (incl 3.14 g/t over 4.7’ in 25013)* • T-48 : 700 m trend in Metasediments • T-40 : 1,200 m trend in Volcanics Nickel & Copper Targets: • T-25 : 400 m trend in Ultramafics • T-XX: Ni Trend on Historic Drill Holes

* Non-compliant under NI 43-101

T-XX

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PROJECT 81 CARNEGIE TOWNSHIP PROPERTY (EM Trends on Magnetic Map)

Trend 1 – 3.3 km strike length VMS – Cu, Pb, Zn

Trend 2 - Historic 1.06% Zn over 6’* VMS – Cu, Pb, Zn

Trend 9 – HTEM Conductor VMS – Cu, Pb, Zn and Ag

Prospective VMS- copper, lead, zinc, silver and gold targets * Non-compliant under NI 43-101

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CRAWFORD TOWNSHIP PROPERTY SPRUCE RIDGE (TSXV: SHL) (EM Trends on Magnetic Map)

Trend 15 - VMS & Gold Target - 2.2 km strike length

Trend 7 – Ni/PGM - 2.4 km strike length 1,500 ft of mineralized host rock grading up to 0.4% Ni (Ni-Cu-PGM Potential)*

Trend 9 - Gold - 1.1 km strike length

* Non-compliant under NI 43-101

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CRAWFORD TOWNSHIP PROPERTY ARTIFICIAL INTELLIGENCE TARGETS

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SPRUCE RIDGE 2019 DRILL RESULTS CRAWFORD TWP PROPERTY CRAWFORD NICKEL PROJECT - 2018 DIAMOND DRILLING RESULTS DDH ID

Hole dip

Hole azimuth

From (m)

To (m)

Core Length

Ni (%)

Co (ppm)

Pt (g/t)

Pd (g/t)

Au (g/t)

SUMMARY OF INTERVALS PASSING 0.25% Ni CUTOFF CR18-01

-60°

035°

234.00

525.00

291.00

0.293

118

0.011

0.020

0.002

includes

-60°

035°

238.50

393.00

154.50

0.320

120

0.012

0.029

0.001

includes

-60°

035°

238.50

283.50

45.00

0.384

144

0.019

0.061

0.001

CR18-03

-50°

035°

475.50

606.00 eoh

130.50

0.299

140

0.028

0.055

0.006

includes

-50°

035°

492.00

547.50

55.50

0.324

139

0.028

0.096

0.005

includes

-50°

035°

492.00

516.00

24.00

0.333

140

0.060

0.201

0.011

CR18-04

-50°

035°

205.50

402.00 eoh

196.50

0.332

135

0.010

0.027

0.002

includes

-50°

035°

208.50

285.00

76.50

0.358

156

0.017

0.041

0.001

includes

-50°

035°

208.50

220.50

12.00

0.532

220

0.030

0.070

0.001

SUMMARY OF INTERVALS PASSING 0.20% Ni CUTOFF CR18-01

-60°

035°

36.00 eoc

594.00 eoh

558.00

0.261

127

0.010

0.016

0.002

CR18-02

-50°

035°

24.00 eoc

175.50

151.50

0.224

126

0.005

0.005

0.001

CR18-02

-50°

035°

175.50

216.00 eoh

40.50

Dunite less than 0.20% Ni

CR18-03

-50°

035°

51.00 eoc

288.00

237.00

Mafic volcanic and marginal zone

CR18-03

-50°

035°

288.00

606.00 eoh

318.00

0.028

0.003

CR18-04

-50°

035°

42.00 eoc

72.40

30.40

Mafic volcanic

CR18-04

-50°

035°

72.40

193.50

121.10

Dunite less than 0.20% Ni

CR18-04

-50°

035°

193.50

402.00 eoh

208.50

0.324

135

0.018

0.028

0.003

0.248

126

0.019

SELECTED INTERVALS WITH ELEVATED PGEs CR18-03

-50°

035°

492.00

493.50

1.5

0.285

140

0.219

0.567

0.004

CR18-03

-50°

035°

507.00

511.50

4.50

0.339

140

0.059

0.498

0.048

CR18-04

-50°

035°

165.00

166.50

1.50

0.182

120

0.069

0.570

0.006

0.27

107

0.009

0.020

n/a

Dumont Deposit average grade for comparison Note: eoc = End of Casing; eoh = End of Hole

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DARGAVEL TOWNSHIP PROPERTY PRE AMBLE

•Dargavel Township Property in Project 81 is ~10,000 hectares contiguous land package located 33 km north of the world class Kidd Creek Mine celebrating its 50th year of production.

•Modern Airborne EM/Mag Geophysical Survey was completed in 2012 with follow up Orientation/Definition Airborne EM/Mag in 2017 •There were in excess of 90 anomalous responses, resulting in 20 unique bedrock targets within 13 anomalous trends.

•This presentation looks at 3 drill-ready targets throughout the project area.

•In addition there are 3 Priority #1 trends and 4 Priority #2 trends that require follow-up exploration and refinement in the township.

•Priority #1 trends are described conductors with good strike length.

as

discrete,

well-defined

bedrock

•Priority #2 trends are described as good, bedrock response with good strike length.

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DARGAVEL TOWNSHIP PROPERTY (EM Trends on Magnetic Map)

Trend 2 - Ni Target – 800 m strike length

Trend 40 – Gold Target - 1.2 km strike length

Trend 85 – Gold Target – 1.6 km strike length in metasediments Hole 25013 intersected 0.86 g/t over 23.6’ (incl 3.14 g/t Au over 4.7’)*

* Non-compliant under NI 43-101

Trend 36 - VMS Target – 700 m strike length

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DARGAVEL TOWNSHIP PROPERTY (EM Trends & Profile)

“z”-coil EM (nT/s)

TREND 36 ▪ 700 m strike length ▪ Located at the contact of an ultramafic unit ▪ VMS Target

T-36 NORTHING (mN)

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DARGAVEL TOWNSHIP PROPERTY (EM Trend & Profile)

T-40

“z”-coil EM (nT/s)

TREND 40 ▪ 1,200 m strike length ▪ Bedrock conductor in felsic volcanic rocks ▪ Not yet drill tested ▪ Gold Target

NORTHING (mN) 19

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DARGAVEL TOWNSHIP PROPERTY (EM Trend & Profile)

“z”-coil EM (nT/s)

TREND 85 ▪ 1,600 m strike length ▪ Located within metasediments ▪ Hole 25013 intersected 0.86 g/t over 23.6’ (incl 3.14 g/t Au over 4.7’)* ▪ Gold Target

T-85 NORTHING (mN) * Non-compliant under NI 43-101 20

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DARGAVEL TOWNSHIP PROPERTY DRILL INDICATED GOLD SHOWING (HISTORICAL ASSAY RESULTS)

From To (metres) (metres)

Mineralized Zone (metres)

Grade (g/t)

86.9

0.3

8.40

94.6

105.3

10.7

0.46

125.2

128.9

3.7

0.63

Township

Hole

Dargavel

27098

86.6

and and

*All historical data is non-NI 43-101 compliant 21

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LENNOX/CALDER/BRADBURN TWP PROPERTY PRE AMBLE •Lennox Twp Property of Project 81 is ~10,700 Ha of contiguous Patented & Staked Mineral Claims in Lennox Twp (2,400 Ha) and Calder & Bradburn Twps. – (~8,300 Ha) located approximately 33 km north of the world class Kidd Creek Mine celebrating its 50th year of production.

•Modern Airborne Electro-Magnetic (EM) & Magnetic (MAG) Geophysical Surveys were completed in 2012 with follow up Orientation/Definition Airborne EM & Mag surveys in 2017 •There are in excess of a thousand anomalous responses detected with over 200 conductor picks identified, resulting 21 anomalous trends that are interpreted to represent bedrock conductors, over the northern 8 townships including the Lennox/Calder/Bradburn Property.

•In addition there are 5 Priority #1 trends and 12 Priority #2 trends that require immediate follow-up exploration and refinement in the townships.

•Priority #1 trends are described as discrete, well-defined bedrock conductors with good strike length.

•Priority #2 trends are described as good, bedrock response with good strike length.

•This presentation looks at 4 drill-ready targets throughout the project area.

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LENNOX & CALDER TOWNSHIPS Trends & Targets

T-38 : 400 m trend in Mafic/Felsic Volcanic Rocks (Cu-Pb-Zn) T-37 : 1.7 km m trend in Metasediments incl. 0.24% Cu / 13.4’ in DDH 25020 (VMS) T-34 : 900 m trend in Felsic Volcanic Rocks (Au) T-25 : 400m Ultramafic Trend (Ni-Co-Cu-PGE)

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PROJECT 81 LENNOX TOWNSHIP Geophysical Trend, Profile & Target TREND 37 ▪ 1,700 m trend incl. 0.24% Cu over 13.4’ ▪ Inco drill hole 25020 from 1960s ▪ VMS Target Best EM Anomaly along trend

“z”-coil EM (nT/s)

T-37

NORTHING (mN) 24

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PROJECT 81 LENNOX TOWNSHIP Geophysical Trend, Profile & Target

TREND 38 ▪ 400 m trend in volcanics (Cu-Pb-Zn) ▪ VMS Target

“z”-coil EM (nT/s)

T-38

NORTHING (mN)

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PROJECT 81 BRADBURN TOWNSHIP Geophysical Trend, Profile & Target

T-25 “z”-coil EM (nT/s)

▪ ▪ ▪ ▪

TREND 25 400 m strike length in Ultra Mafics EM response –symmetric & well developed Located within greenstone belt Nickel-Copper-PGE Target

NORTHING (mN) 26

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PROJECT 81 CALDER TOWNSHIP Geophysical Trend, Profile & Target

TREND 34 ▪ 900 m strike length ▪ Bedrock conductor in volcanics ▪ Copper-Silver-Gold Target

T-37

“z”-coil EM (nT/s)

T-34

NORTHING (mN) 27

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PROJECT 81 CALDER TOWNSHIP Conductor Trend 2.6km in Length

- Noble Staked Mineral Claim - AirTEM Conductor Pick

- AirTEM Survey Outline

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PROJECT 81 CALDER TOWNSHIP EM Conductor on L- 410 Conductor Trend 2.6km in Length

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PROJECT 81 CALDER TOWNSHIP EM Conductor on L- 420 Conductor Trend 2.6km in Length

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MAHAFFY TOWNSHIP PROPERTY MAGNETICS

Highly magnetic body striking eastsoutheast for a distance of over 7 km

Potential Ni-Co+/-Pt+/-Pd Target

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MAHAFFY TOWNSHIP PROPERTY MAGNETIC & EM TRENDS

AirTEM-2018 Picks MegaTEM-2002 Picks • The two main conductor trends occur near but not within magnetic features.

• These are likely altered structures such as faults that could host disseminated sulphide containing gold.

MT-1 MT-2

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MAHAFFY TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE

High Conductance late-time response Line 500

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MAHAFFY TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE

Multiple lines High Conductance late time response coincides with GeoTEM conductive trend

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MACDIARMID TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE

• Major magnetic feature with well developed EM response.

• Nickel-Copper-PGE target • Main trend is 2.5 km strike length

“Z” EM profiles Broad EM response within magnetic trend 35

Shallow high conductance www.noblemineralexploration.com

MACDIARMID TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE

“Z” EM profiles Well developed broad EM response within magnetic trend 36

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LUCAS GOLD PROJECT LUCAS TOWNSHIP Historical Drilling with Gold Zone Outline Potential Gold in Lucas based on historical drilling:

Lucas Gold Zone – open at both ends

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Potential Strike Length: 1,7002,500 metres

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Potential Depth: 250 metres

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Potential Width 50-150 metres

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LUCAS GOLD PROJECT GOLD ZONE, 2018 DRILL HOLES & HISTORICAL DRILL HOLES

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LUCAS GOLD PROJECT IP SURVEY SHOWING PARALLEL ZONES

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LUCAS GOLD PROJECT 2018 DRILL HOLE ASSAYS RESULTS

Noble’s 2018 Drilling

Noble's 2018 Drilling GOLD (g/t)

Interval (meters)

From (meters)

To (meters)

DDH

GOLD (g/t)

Interval (meters)

From (meters)

To (meters)

1.10

30.90

163.00

193.90

LUC-18-14

0.58

4.70

142.30

147.00

Incl.

1.20

7.00

177.00

184.00

And

1.70

22.60

154.50

177.10

And

4.33

5.15

188.75

193.90

Incl.

1.57

1.50

162.00

163.50

Incl.

5.05

2.75

188.75

191.50.

Incl.

6.06

2.50

164.50

167.00

Incl

5.79

1.40

192.50

193.90

Incl.

2.52

3.00

168.50

171.50

Incl.

2.17

4.50

172.00

176.50

DDH LUC-18-11

LUC-18-13

1.15

23.30

135.50

158.80

LUC-18-19

0.50

7.50

105.00

112.50

Incl.

1.56

2.00

135.50

137.50

And

1.04

14.00

113.00

127.00

Incl.

1.23

2.50

140.00

142.50

And

2.55

10.00

128.00

138.00

Incl.

1.21

3.00

145.00

148.00

Incl.

4.40

1.50

128.00

129.50

Incl.

2.68

2.25

150.75

153.00

Incl.

2.78

6.30

131.00

137.30

Incl.

1.59

4.10

153.50

157.60 40

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LUCAS GOLD PROJECT 2018 DRILL HOLE ASSAYS RESULTS

Noble's 2018 Drilling

Noble's 2018 Drilling

GOLD (g/t)

Interval (meters)

From (meters)

To (meters)

DDH

GOLD (g/t)

Interval (meters)

1.42

5.00

57.50

62.50

LUC 18-21

1.84

9.50

70.00

79.50

Incl.

1.87

1.50

57.50

59.00

Incl.

3.21

3.00

73.00

76.00

Incl.

1.54

2.00

60.00

62.00

Incl.

1.60

3.00

76.50

79.50

And

3.10

9.00

82.00

91.00

And

3.13

3.40

100.60

104.00

Incl.

4.82

4.60

85.00

91.00

Incl.

4.90

1.90

100.60

102.50

Incl.

7.85

2.30

87.30

89.60

And

1.52

28.00

108.00

136.00

Incl.

2.48

9.50

108.00

117.50

Incl.

4.20

3.25

110.25

113.50

Incl.

2.51

2.50

114.00

116.50

And

1.83

8.00

121.00

129.00

Incl.

3.12

3.70

125.30

129.00

And

0.95

6.80

158.00

164.80

Incl.

1.68

2.00 158.00 160.00 www.noblemineralexploration.com

Incl.

1.39

1.80

DDH LUC-18-20

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From To (meters) (meters)

163.50

164.80

LUCAS GOLD PROJECT TWINNED HOLES COMPARISON TABLE

Twinned Holes Comparison Table Noble's 2018 Drilling

Historical 1980's Drilling

GOLD (g/t)

Interval (meters)

From (meters)

To (meters)

DDH

GOLD (g/t)

Interval (meters)

From (meters)

To (meters)

LUC-18-19

1.22

36.50

101.50

138.00

L-80-13

1.42

33.46

99.06

131.06

Incl.

2.69

9.30

128.00

137.30

Incl.

3.52

9.12

120.40

129.54

LUC-18-20

1.42

5.00

57.50

62.50

L-81-36

1.66

5.18

54.25

59.44

And

2.03

15.00

76.00

91.00

And

2.17

15.52

75.9

91.44

Incl.

2.64

11.00

80.00

91.00

Incl.

3.08

9.74

80.16

89.92

LUC-18-21

1.45

37.50

98.50

136.00

L-80-04

2.77

35.89

98.45

134.42

Incl.

2.08

16.90

100.60

117.50

Incl.

3.73

13.38

99.97

113.39

Incl.

1.21

13.50

118.00

131.50

Incl.

3.26

13.54

117.96

131.52

DDH

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LUCAS GOLD PROJECT LUC 18-11 DRILL HOLE SECTION

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LUCAS GOLD PROJECT LUC 18-13 DRILL HOLE SECTION

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LUCAS GOLD PROJECT LUC 18-14 DRILL HOLE SECTION

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LUCAS GOLD PROJECT LUC 18-19 DRILL HOLE SECTION

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LUCAS GOLD PROJECT LUC 18-20 DRILL HOLE SECTION

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LUCAS GOLD PROJECT LUC 18-21 DRILL HOLE SECTION

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PROJECT 81 ADDITIONAL GOLD DISCOVERIES (HISTORICAL ASSAY RESULTS)

From To (metres) (metres)

Mineralized Zone (metres)

Grade (g/t)

86.9

0.3

8.40

94.6

105.3

10.7

0.46

and

125.2

128.9

3.7

0.63

25013

59.9

67.1

7.2

0.97

Township

Hole

Dargavel

27098

86.6

and

Aubin

*All historical data is non-NI 43-101 compliant 49

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LOCATION MAP Kingsmill Ni-Co Deposit & Additional Potential Ni-Co+/-Pt+/-Pd Deposits

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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT Kingsmill Ni-C Deposit , 2012 Drill Traces & Section Lines

NE

N

SW

S

51

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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT (EAST and WEST DRILL FENCE)

Kingsmill Ni-Co Deposit – East Drill Fence XSection

52

Kingsmill Ni-Co Deposit –West Drill Fence X-Section

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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT 2012 NICKEL-COBALT DRILL HOLE ASSAY RESULTS

KML 12-01

Nickel Grade (TD-ICP) 0.27%

Cobalt Grade (ppm) (TD-ICP) 112.4

Incl.

0.29%

KML 12-02

From (meters)

To (meters)

Mineralized zone (meters)

62.0

551.0

489.0

122.7

346.0

540.0

194.0

0.30%

117.1

113.0

620.6

507.6

KML 12-03

0.20%

130.0

14.0

281.0

267.0

KML 12-04

0.25%

113.4

314.0

428.2

114.2

KML 12-05

0.26%

101.6

54.0

167.0

113.0

KML 12-06

0.21%

106.8

56.0

549.0

493.0

KML 12-07

0.19%

114.4

80.0

546.2

466.2

KML 12-09

0.25%

105.4

201.0

653.0

452.0

KML 12-10

0.26%

113.0

78.0

306.58

228.58

KML 12-11

0.24%

114.0

104.0

305.0

201.0

KML 12-12

0.17%

106.4

161.0

272.0

111.0

DDH

53

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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT KML 12- 03 CHECK ASSAY RESULTS COMPARISON (Total Digestion vs. Peroxide Fusion Analysis)

ActLabs Sample Number

From (m)

To (m)

113 114 115 116 117 118 119 120 121 122 123 124 125 126

2012 Actlabs TD-ICP Ni-ppm 862 973 923 941 970 938 947 895 639 579 437 387 508 545

2018 AGAT Peroxide Ni-ppm 882 935 900 913 924 921 896 833 606 565 442 388 486 528

2012 Actlabs TD-ICP Co-ppm 146 159 162 164 162 151 159 153 152 152 147 158 153 158

2018 AGAT Peroxide Co-ppm 164 164 167 172 166 168 170 167 165 167 169 176 162 168

1285080 1285081 1285082 1285083 1285084 1285085 1285086 1285087 1285088 1285089 1285090 1285091 1285092 1285093

112 113 114 115 116 117 118 119 120 121 122 123 124 125

1285103 1285104 1285105 1285106 1285107 1285108

135 136 137 138 139 140

136 137 138 139 140 141

1820 1630 997 957 940 2160

1670 1470 914 941 920 1920

153 155 158 154 147 135

157 166 167 166 154 133

0.01 0.01

1285227

255

256

2600

1285228

256

257

2650

0.012

1285229

257

258

2680

0.012

1285230

258

259

2730

0.254

0.015

1285231

259

260

2530

E6637478

0.271

0.013

1285232

260

261

2810

E6637479

0.279

0.014

1285233

261

262

2820

E6637480

0.028

0.006

1285236

264.4

265.4

188

E6637481

0.01

0.005

1285237

265.4

266.4

53

E6637482

0.005

0.005

1285238

266.4

267.4

48

E6637483

0.004

0.005

1285240

272

273

46

E6637484

0.009

0.005

1285241

280

281

53

2640 2520 2480 2710 2540 2710 2790 285 102 52 41 91

94 97 125 120 142 133 140 55 49 46 46 49

98 96 120 123 146 135 142 59 52 47 45 52

0.248 0.271

E6637477

E6637485

0.225

0.008

AGAT

2018

2018

Sample Number

AGAT

AGAT

Ni - %

Co -%

E6637451

0.088

0.016

E6637452

0.093

0.016

E6637453

0.09

0.017

E6637454

0.091

0.017

E6637455

0.092

0.017

E6637456

0.092

0.017

E6637457

0.09

0.017

E6637458

0.083

0.017

E6637459

0.061

0.016

E6637460

0.056

0.017

E6637461

0.044

0.017

E6637462

0.039

0.018

E6637463

0.049

0.016

E6637464

0.053

0.017

E6637465

2.01

0.073

E6637466

0.167

0.016

E6637467

0.147

0.017

E6637468

0.091

0.017

E6637469

0.094

0.017

E6637470

0.092

0.015

E6637471

0.192

0.013

E6637472

0.223

0.008

E6637473

0.264

E6637474

0.252

E6637475 E6637476

4/16/2019February, 2012

54

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NICKEL COMPARABLES

Resource

Market Capitalization (millions)

Implied Project Value (millions)

M&I - 1,410M tonnes @ 0.27% Ni & 107ppm Cobalt Inf. - 695M tonnes @ 0.26% Ni & 107ppm Cobalt

$90.7

$65

Giga Metals (Turnagain)

British Columbia, Canada

M&I - 865M tonnes @ 0.21% Ni & 0.013%Cobalt Inf. – 976M tonnes @ 0.20% Ni & 0.013%Cobalt

$8.5

$8.5

Noble Mineral Exploration Inc.

Ontario, Canada

Target Potential 2+ billion tonnes @ 0.25% Ni & 113ppm Cobalt

$11.2

$?

Owner & Project

Royal Nickel Corp.

(Dumont)

Project Location Quebec, Canada

55

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PROJECT 81 ADDITIONAL POTENTIAL NICKEL-COBALT +/-Pt+/-Pd DEPOSITS (HISTORICAL ASSAY RESULTS*)

Project 81

Other Nickel Discoveries

Township

Hole #

Mineralized Zone (ft)

Mineralized Intercept (ft)

Grade* (% Ni)

Aubin

31903

135.0 to 434.0

299

0.23%

Aubin

31901

190.0 to 673.0

418

0.24%

Nesbitt

25027

391.0 to 855.0

379

0.23%

Nesbitt

27083

780.0 to 1634.0

535

0.28%

Dargavel

25014

1088.5 to 1505.0

416.5

0.21%

Crawford

25050

114.0 to 1648.0

1534

0.25%

*All historical assay data is non-NI 43-101 compliant Samples were not analysed for Cobalt

56

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NOBLE MINERAL EXPLORATION AN INVESTMENT HOLDING COMPANY •

•

•

In December 2016, Noble signed a JV with MacDonald Mines (TSXV:BMK) on its Wawa-Holdsworth Gold Project. This JV resulted in a 100% acquisition by BMK in March 2017, providing Noble with: •

7.7mm shares and 7.7mm warrants in BMK, making NOB the largest shareholder

•

Potential cash flow from gold streaming on 5,000 ounces Au from the oxide sands, operated

by MacDonald Mines

•

A 1.5% NSR (subject to 50% buyback for $500,000) on the Wawa-Holdsworth Gold property

In May 2018 entered an Option/JV Agreement with Spruce Ridge on target areas in Crawford Twp •

3mm shares and 5mm warrants on May 29, 2018 plus $1mm in exploration expenditure within 18 months to earn 51% of selected target areas

•

3mm shares and 5mm warrants on May 29, 2019

•

2mm shares by November 30, 2020 plus $1mm in exploration expenditures by May 29, 2021 to earn an additional 24% of selected target areas, thereafter a 75/25 Joint Venture

Multiple joint venture opportunities using the same “BMK JV business model” consisting of: •

large share and warrant positions

•

multiple exploration expenditures from partners earning into multiple plays thus providing Noble with additional liquidity opportunities 57

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NOBLE MINERAL EXPLORATION SHARE CAPITAL

Listings:

TSX.V: NOB FWB: NB7 OTC.PK: NLPXF

Common Shares:

123,977,117

Warrants ($0.10):

61,655,052

Stock Options:

(Toronto) (Frankfurt) (US)

4,200,000

Fully Diluted:

191,957,150

Recent Share Price:

$0.105

Market Capitalization:

$13.2 million

52 Week High - Low:

$0.175 - 0.012

Potential Capital Inflows: Warrants Weighted Average Exercise Price Options Weighted Average Exercise Price Total 58

$ 6.4 million $ 0.10 $ .647 million $ 0.154 $ 7.05 million www.noblemineralexploration.com

SYNOPSIS WHY INVEST IN NOBLE? •

Excellent Exploration potential – one of Canada’s largest, under-explored and privately held land packages approximately 30km north of the Timmins major mining district with first class infrastructure in place • 2-3km north of Glencore’s Kidd Creek Mine, 50 years of base-metal production have produced in excess of 150mm tons of VMS base metal ores; • Satellite deposits of 30-50mm tons normally occur globally within 15-30kms of these type of mega deposits; • Project 81 has >4,000 anomalous responses with 1,822 targets, resulting in 532 unique bedrock targets within 94 anomalous trends.

•

Excellent Project Generator Candidate - 100% owned mineral rights on its Project 81 property which consists of 14 townships spanning over ~79,000 hectares (~195,000 Acres) including recently staked mineral claims of high-potential nickel-cobalt, VMS and gold targets • Exploration potential is being de-risked buy entering into Option and JV Agreements with other exploration companies and private investor groups; • 2 Option/Joint Ventures on Project 81 signed to date; • Working on additional joint venture opportunities with a view to having significant exploration expenditures carried out on the project over the next 24-36 months; • Settlement agreement in place with Ministry of Northern Development and Mines on mining land taxes

•

Noble is also an investment holding company – • owns 7.75mm shares and 7.75mm warrants MacDonald Mines Exploration Limited (16.8% partially diluted ownership), 5,000 oz gold streaming, plus a 1.5% gold NSR on the Wawa-Holdsworth Gold Project; • owns 3mm shs and 5mm wts of Spruce Ridge Resources Ltd

•

Well respected financial partner and technical partners applying state of the art technology to find metal in the ground - geoscience, geophysics and gravity surveys to identify and prioritize gold, copper, lead, zinc and nickel drill-ready targets

•

Possible discoveries in the near future – Multiple Diamond Drilling Programs throughout Spring-Summer-Fall 2019 59

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RELATIVE SHARE PRICE

THE DISCOVERY CURVE

Production from Depleting Asset Deposit Defined

NOBLE

DISCOVERY

Early Stage Exploration

Target Drilling

Deposit Drilling

Resource Definition, PFS/Permitting

Mine Construction

TIME 60

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March 2019

Management: H. Vance White, President & Chief Executive Officer Randy Singh PGeo(ON), PEng(ON), VP Exploration & Project Development Corinna de Beer, Corporate Communications 2500 – 120 Adelaide St. W Toronto, Ontario Canada M5H 1T1 Phone: 416-214-2250 │Email: info@noblemineralexploration.com │ Fax: 416-367-1954 www.noblemineralexploration.com