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Disclaimer

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Forward-looking information includes, but are not limited to, statements with respect to the ability of management to deliver shareholder returns, the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration and development activities; permitting timelines and permitting; environmental risks; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”,  “estimates”,  “forecasts”,  “intends”,  “anticipates” or “does not anticipate”, or “believes”, “projects”, or variations of such words and phrases or state that certain actions, events or results  “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forwardâ€'looking information are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Nobel to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, unexpected events during operations; risks inherent in the mining industry; key person risks, timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates. Although management of Nobel ls has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forwardâ€'looking information. Nobel does not undertake to update any forward-looking statements or forwardâ€'looking information that are incorporated by reference herein, except in accordance with applicable securities laws.

Except as otherwise specifically stated, Mr. Vernon Arseneau, P.Geo, a director of Nobel, a Qualified Person as defined by NI 43-101 has reviewed and approved the scientific and technical disclosure contained herein.

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