TORONTO, ONTARIO April 3, 2025 – Nobel Resources Corp. (TSX – V: NBLC) (the “Company” or “Nobel”) is pleased to announce that it has completed the transaction to acquire four separate copper projects, namely Cuprita, Janett, Pampa Austral and Anais (collectively, the “Projects”) in Antofagasta Region, Chile (the “Transaction”). Pursuant to the Transaction, Nobel has acquired an option to acquire 100% of each of the Projects (the “Options”). Please refer to the Company’s press release dated January 6, 2025 for further details regarding the Transaction and the Projects.
The Cuprita Project is the most advanced Project being acquired pursuant to the Transaction and is now the Company’s principal asset. The Cuprita Project is located in an area that is accessible year-round. Cuprita is a highly prospective, copper project with multiple near surface targets identified during recent rock sampling campaigns.
Highlights:
Table 1. Due Diligence Rock Chip Samples
| SAMPLE | NORTH | EAST | ELEVATION | Cu_% | Au_(ppm) | Ag_(ppm) | Mo_(ppm) |
| 57187 | 7055849 | 420359 | 1896 | 0.2528 | 0.02 | 2 | 9 |
| 57188 | 7055614 | 420428 | 1907 | 1.530 | <0.02 | 24 | 13 |
| 57189 | 7055264 | 421555 | 2059 | 0.3639 | 0.02 | 6 | 8 |
| 57190 | STD | 1.741 | 0.47 | 3 | 21 | ||
| 57191 | 7055720 | 421103 | 1944 | 0.244 | 0.02 | 2 | 5 |
| 57192 | 7054549 | 420286 | 1952 | 2.780 | 0.10 | 14 | 165 |
| 57193 | 7053628 | 420592 | 1883 | 0.4457 | 0.03 | 3 | 20 |
Figure 1. Cuprita Regional Geologic Setting
Target 1 - NW Magnetic Anomaly
The target is located near the NW corner of the property where an area of approximately 400 m by 1,000 m is associated with the presence of moderate to strong quartz-tourmaline stockwork intruding the Punta del Cobre quartz monzonite. Some isolated stringers of copper oxides are present in the stockwork along with quartz-tourmaline veinlets
One area of some 200 m wide contains a set of N 60 deg W sheeted quartz-tourmaline veins close to the center of a prominent magnetic low, also oriented to the NW.
Target 2 - NE Magnetic Anomaly
The second area is located near the NE corner of the property. Old trenches revealed the existence of extensive copper oxide mineralization associated with a set of NW trending mineralized veins and tourmaline breccias. The Nobel team believes that it is likely the emplacement of the vein system was controlled by NW trending faults present on the property and that have been identified along a structural corridor for several kilometers both north and south of Cuprita.
As with target 1 described above, a distinctive ground magnetic low of comparable size to target 1, is associated with this area although here the anomaly strikes to the NNE.
The previous owners of the Project carried out a limited IP survey (three lines) over this target. The IP response shows a low to moderate chargeability anomaly over the mineralized trenches and the magnetic anomaly. This type of geophysical response is considered typical of low pyrite porphyries that are present within the district. Limited soil sampling done in 2012 by the previous owner returned a Cu-Bi-Mo over this target.
Target 3 – Southern Magnetic Anomaly
This target comprises a covered ground magnetic low in the south-central part of the property. This anomaly is well defined, almost circular and approximately 1.0 km by 1.0 km in size. Very wide spaced (500 m by 500 m site spacing) soil sampling done during 2012, returned copper values up to 300 ppm and remains open to the South.
Several old workings mineralized with copper oxide have been identified near the northern edge of the magnetic anomaly.
Figure 2. Cuprita Targets
The Other Projects Acquired in the Transaction
Transaction Terms
Pursuant to the closing of the Transaction, Nobel has (i) issued 2.5 million common shares to the shareholders of Austral Exploraciones SpA (“Austral”); (ii) paid an aggregate amount of USD$70,000 in cash to the optionors of the Projects; (iii) issued a 2% NSR to the optionors of the Cuprita Project which 0.5% can be repurchased for USD$2 million; (iv) issued a 2% NSR to the optionor of the Pampa Austral Project of which 0.5% can be repurchased for USD$820,000; (v) issued a 2% NSR to the optionor of the Janett Project of which 0.5% can be repurchased for USD$820,000; and (vi) issued a 2% NSR to the optionor of the Anais Project of which 0.5% can be repurchased for USD$360,000.
To maintain each of the Options in good standing and acquire a 100% interest in each of the Projects, Nobel must make the following payments:
Cuprita Project
Pampa Austral Project
Janett Project
Anais Project
The Nobel shares issued pursuant to the Transaction are subject to a statutory four month hold period. The Transaction has been approved by the TSX Venture Exchange and the Company has filed a NI 43-101 technical report on the Cuprita Project on www.sedarplus.ca under the Company’s profile and on the Company’s website.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mr. David Gower, P.Geo., as defined by National Instrument 43-101 of the Canadian Securities Administrators.
About Nobel
Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects. The Company has a team with a strong background of exploration success.
For further information, please contact:
Lawrence Guy
Chief Executive Officer
+1 647-276-0533
Vincent Chen
Investor Relations
vchen@nobel-resources.com
www.nobel-resources.com
Cautionary Note Regarding Forward-looking Information
Nobel has not verified the historical results contained in this press release and is not relying on them as current mineral resources or mineral reserves. Readers are cautioned that there has been insufficient exploration by the Company or its qualified person at each of the Projects to define a mineral resource or mineral reserve; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource or mineral reserve.
press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Transaction, the mineralization and prospectivity of the Projects, the Company’s ability to explore and develop the properties, the Company’s ability to obtain adequate financing and the Company’s future plans. 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”, 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 information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Nobel, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Nobel 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 information 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 forward-looking information. Nobel does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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Nobel Resources Corp.
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