Nobel Closes First Tranche of Private Placement Offerings

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Nobel Resources Corp. (TSX–V: NBLC; OTCQB: NBTRF) (the “Company” or “Nobel”) announces it has closed the first tranche of its previously announced private placement of units (the “LIFE Offering”) pursuant to which the Company issued 45,750,000 units (the “Units”) at a price of $0.05 per Unit for aggregate gross proceeds of $2,287,500 (the “LIFE First Tranche”).

Each Unit consists of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Share at a price of $0.06 for a period of 24 months from the date hereof. The Warrants will not be exercisable until 70 days after today’s date.

The LIFE Offering was led by iA Private Wealth Inc. (“iA”) whereby iA acted as lead agent and bookrunner on behalf of a syndicate of agents comprised of Velocity Trade Capital Ltd. and Haywood Securities Inc. In connection with the LIFE Offering, the Agents received an aggregate cash fee equal to $160,125. In addition, the Company issued to the Agents 3,202,500 non-transferable broker warrants (the “Broker Warrants”). Each Broker Warrant is exercisable to acquire one Share at an exercise price equal to $0.05 for a period of 24 months from today’s date.

The Shares and Warrants issued pursuant to the LIFE First Tranche are not subject to a statutory hold period pursuant to applicable Canadian securities laws as the LIFE First Tranche was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The LIFE First Tranche remains subject to final approval of the TSX Venture Exchange.

In addition to closing the LIFE First Tranche, the Company has closed the first tranche of its previously announced non-brokered private placement of Units (the “NB Offering” and together with the LIFE Offering, the “Offerings”) pursuant to which the Company issued 6,700,000 Units at a price of $0.05 per Unit for aggregate gross proceeds of $335,000 (the “NB First Tranche”). The Units issued pursuant to the NB First Tranche have the same terms as the Units issued pursuant to the LIFE First Tranche. The Shares and Warrants issued pursuant to the NB First Tranche will be subject to a four-month and one day hold period under applicable securities laws in Canada. The NB First Tranche remains subject to final approval of the TSX Venture Exchange.