Nobel withdraws option to buy Chile’s La Salvadora copper project, Canadian Business Journal

TORONTO, November 24, 2022 (GLOBE NEWSWIRE) — Nobel Resources Corporation (TSX-V: NBLC; OTC: NBTRF) (“Company” or “Nobel”) has decided to withdraw from its option to acquire the Salvadora Project in Chile (“Project” or “Asset”). His COO at Nobel, Vern Arseneau, said: The Company intersected copper mineralization from all boreholes on his two areas of the property and included several sections graded above 1% copper. However, mineralization did not show sufficient grade or continuity to support the development of a commercial scale copper mining operation. The potential for overlying oxide zones associated with copper sulfide mineralization was also assessed by drilling, and the extent of copper oxide mineralization was too limited to be exploited. We are excited to pursue our recently acquired Pircas Verde project.

qualified person

The scientific and technical information in this news release has been reviewed and approved by David Gower of P.Geo., as defined by Canadian Securities Administrators, National Instrument 43-101.

About Nobel

Nobel Resources is focused on researching and developing copper projects in Chile, one of the world’s leading copper mining jurisdictions. The company has a team with a strong background of successful exploration in the region.

For more information, please contact:
Vincent Chen
PR for investors
[email protected]
www.nobel-resources.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, project prospects, project mineralization, our ability to explore and develop the Pircas Verde Project, and our future plans. Forward-looking information is generally disclosed using forward-looking terms such as “plans,” “expects,” “does not expect,” “expects,” “budget,” “planned,” and “estimate.” can be identified using “predict,” “intend,” “predict,” “do not predict,” or “believe,” or variations of such words or phrases, or that a particular action, event, or outcome “may” ‘, ‘could’, ‘could’, ‘could’, ‘may’ or ‘obtained’, ‘occurred’ or ‘achieved’. Forward-looking information is subject to known and unknown risks, uncertainties and Nobel’s actual results, level of activity, performance or achievements, as the case may be, is not expressed or implied by them. subject to other factors that can vary significantly. Forward-looking information, including but not limited to general business, economic, competitive, geopolitical and social uncertainties. actual results of current exploration activities; risks associated with operating in a foreign jurisdiction; Ability to successfully integrate purchased properties. foreign operations risks; and other risks inherent in the mining industry. Nobel has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, but we do not believe that any such factors could cause results to differ from those anticipated, estimated or intended. There may be other factors that make There can be no assurance that such information will prove to be accurate, as actual results or future events could differ materially from those anticipated in such statements. You should not place undue reliance on forward-looking information. Nobel does not undertake to update forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS (AS THAT TERM IS DEFINED IN TSX VENTURE EXCHANGE POLICY) ASSUME ANY RESPONSIBILITY OR ACCURACY FOR THIS RELEASE.

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