Noble Agrees to Sell Island Pond Claims to Benton Resources Inc.

Core Viewpoint - Noble Mineral Exploration Inc. has entered into an agreement to sell its Island Pond claims in Newfoundland & Labrador to Benton Resources Inc. for 1,000,000 common shares and a cash payment of $30,000, while retaining a 1% net smelter returns royalty [1][2]. Group 1: Transaction Details - The Island Pond claims consist of 7 mining claims covering approximately 175 hectares, strategically located north of Benton's South Pond Gold Zone within the Great Burnt Copper-Gold Project area [2]. - The agreement includes a standard four-month hold period for the shares as per TSX Venture Exchange policies [2]. - Noble retains a 1% net smelter returns royalty on the claims, which is not subject to buyback rights, but Benton has a right of first refusal on any proposed sale of the royalty [2][3]. Group 2: Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in various mining projects, including interests in Canada Nickel Company Inc., Homeland Nickel Inc., and East Timmins Nickel Inc. [4]. - The company holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and 14,000 hectares in Quebec and Newfoundland, with plans for option/joint venture exploration programs [4][5]. - Noble's common shares are traded on the TSX Venture Exchange under the symbol "NOB" [6].