Noble Completes Arrangement

TORONTO, May 27 , 2026 – TheNewswire – Noble Mineral Exploration Inc. (“ Noble ” or the “ Company ”) (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the completion of its previously announced plan of arrangement (the “ Arrangement ”) under the Business Corporations Act (Ontario) (the “ OBCA ”). The Arrangement was approved by Noble's shareholders on May 7, 2026 in accordance with the OBCA, and the Ontario Superior Court of Justice (Commercial List) issued a final order for the Arrangement on May 15, 2026. The Arrangement took effect at 12:01 a.m. on May 27, 2026 (the “ Effective Time ”). Under the Arrangement, in exchange for each common share of Noble (an “ Old Noble Share ”) held by a shareholder at the Effective Time, each Noble shareholder is entitled to receive one new common share of Noble (a “ New Noble Share ”) and a pro rata portion of 9,000,000 common shares of Homeland Nickel Inc. (the “ Homeland Shares ” and, together with the New Noble Shares, the “ Consideration ”). Immediately prior to the Effective Time, Noble had a total of 264,233,467 common shares issued and outstanding, and therefore the distribution ratio of Homeland Shares to Noble shareholders will be approximately 0.03406078 of a Homeland share for each Old Noble Share held. Noble will retain Homeland Shares after the completion of the Arrangement, as the distribution of Homeland Shares through the Arrangement does not include all of the Homeland Shares held by Noble prior to the Arrangement.
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