Noble Mineral Exploration Inc. (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) has announced the next phase of its 2026 summer exploration season, with surface exploration programs planned on its Chapiteau Rare Earth Property in Labrador and the Mehmet Rare Earth Property in Quebec. The 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 43 map-staked units in western Labrador, about 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 first explored by Midland Exploration during 2010-2011. Midland's regional airborne survey identified numerous REE targets associated with a 9 km diameter magnetic alkaline granite complex. Grab samples from the area 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 ground, 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, indicating a large mineralized system.
The Mehmet Rare Earth Property in northeastern Quebec is classified as a hyperalkaline rare-metals showing, hosting rare earth elements, niobium, zirconium, tantalum, and uranium. One sample contained 2157.1 ppm rare earth elements, including 550 ppm neodymium, 623 ppm lanthanum, and 1027.3 ppm cerium. These systems are attractive for large-tonnage critical mineral deposits essential for electric vehicles, wind turbines, and defense technologies.
H Vance White, President & 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 Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc., and the Holdsworth gold property. It holds exploration rights to approximately 70,000 hectares in Northern Ontario and 25,000 hectares in Quebec, including the Chapiteau and Mehmet properties. More information is available at https://www.noblemineralexploration.com.
This press release contains forward-looking information subject to risks and uncertainties. Factors that could affect outcomes include metal prices, demand, drilling results, and regulatory approvals. Readers should not place undue reliance on forward-looking information.
