Announcement • Jun 15
Nobel Resources Corp Provides Update On Cuprita and Pampa Austral Drilling and Anais Project Nobel Resources Corp. announced that the company has completed drilling on the Pampa Austral project and drilling has commenced on the Cuprita project. At Cuprita, the geophysical and remote sensing surveys along with detailed geological mapping and compilation have identified areas within the large lithocap with alteration mineral assemblages that are characteristic of higher temperature parts of porphyry copper systems, including intense albitization and destruction of biotite minerals. These areas correspond with strong Induced Polarization (IP) chargeability anomalies and are now the focus of the drilling. The company will announce the results of its drilling program at Cuprita once the program is completed and the results are received from the laboratory. The company has decided to terminate the option agreements for the Anais and Pampa Austral projects, effective June 15, 2026. At Pampa Austral, two drill holes were done in an effort to repeat historical results reported by Farwest Mining in 2024. Drilling failed to repeat the copper results reported by Farwest at the time. The company compiled historical results and had located two drill pads on the ground that appeared to be the ones reported earlier but drilling did not encounter the same geological environment or intersect high copper mineralization. The Induced Polarization anomaly (IP) present in the same location has also been explained by the presence of stringers and disseminations of pyrite over several meters of core length. At the Anais project, field work by Nobel geologists encountered a number of previously unreported drill hole casings on the property, close to the reported high-grade intersection reported by Farwest Mining. This limits the potential for a significant copper discovery and the company has decided not to continue exploring this prospect. The company remains committed to continue exploration at Cuprita and Janett. Both projects have strong exploration potential and the company intends to focus on exploring these during the coming months. Sampling is conducted in a manner designed to allow appropriate averaging and statistical analysis of the data for exploration evaluation and potential future resource estimation. Industry-standard QA/QC procedures are implemented throughout the sampling and analytical process, including the systematic insertion of certified reference materials, blanks and duplicate samples to monitor laboratory performance and analytical accuracy. Drill core samples are typically collected over intervals ranging from 1 to 2 metres, depending on geological boundaries. Shorter sample intervals are avoided whenever possible to maintain consistency and representativity of the sampled material. Prior to sampling, the drill core is geologically logged and photographed to create a high-resolution photographic record. Core samples are then split along the core axis using an electric rock saw by trained company technicians. One half of the core is sent for analysis while the remaining half is retained on site for reference and verification. As part of the QA/QC program, one certified reference standard is inserted every 20 core samples. Additionally, one coarse blank, one fine blank and one internal duplicate sample are inserted approximately every 50 core samples to monitor contamination, analytical precision and laboratory performance. To ensure sample security and compliance with NI 43-101 chain-of-custody standards, samples are placed in sealed rice bags with numbered security tags at the project site. Samples are then transported by company personnel via truck to the analytical laboratory. Custody and transfer of the samples always remain under the responsibility of company personnel. Sample preparation and analytical work are carried out by Andes Analytical Assays, an independent certified laboratory. 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. Mr. Gower is a consultant of Nobel and is not considered independent of the company. New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.4m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.28m market cap, or US$4.56m). Announcement • May 16
Nobel Resources Corp. Provides Update On Pampa Austral Drilling And Cuprita Project Nobel Resources Corp. announced that diamond drilling has commenced on its Pampa Austral property. Two drill holes are planned initially to evaluate an area where historical reverse circulation drilling is reported to have intersected 70 meters grading 0.70% copper, including 14 meters grading 2.1% copper and 0.1 g/t gold (drilling reported in news release by Farwest Mining in 2004). The mineralized hole occurs adjacent to an Induced Polarization (IP) chargeability anomaly based on surveying conducted by the optionor of Pampa Austral subsequent to the Farwest drilling. This IP anomaly also is expected to be tested by the Company during its drilling campaign. At the Cuprita project, Quantec Geophysics is conducting an extensive induced polarization survey. The survey is approximately 75% complete. Preliminary results show a chargeability anomaly extending to the south and west under the lithocap that was the target of the initial drill program. The Photosat high resolution satellite imagery survey has also been completed recently. Results confirm that alteration mineral assemblages characteristic of mineralized porphyry systems in the area occur associated with the extensive lithocap at Cuprita. Sampling is conducted in a manner designed to allow appropriate averaging and statistical analysis of the data for exploration evaluation and potential future resource estimation. Industry-standard QA/QC procedures are implemented throughout the sampling and analytical process, including the systematic insertion of certified reference materials, blanks and duplicate samples to monitor laboratory performance and analytical accuracy. Drill core samples are typically collected over intervals ranging from 1 to 2 metres, depending on geological boundaries. Shorter sample intervals are avoided whenever possible to maintain consistency and representativity of the sampled material. Prior to sampling, the drill core is geologically logged and photographed to create a high-resolution photographic record. Core samples are then split along the core axis using an electric rock saw by trained company technicians. One half of the core is sent for analysis while the remaining half is retained on site for reference and verification. As part of the QA/QC program, one certified reference standard is inserted every 20 core samples. Additionally, one coarse blank, one fine blank and one internal duplicate sample are inserted approximately every 50 core samples to monitor contamination, analytical precision and laboratory performance. To ensure sample security and compliance with NI 43-101 chain-of-custody standards, samples are placed in sealed rice bags with numbered security tags at the project site. Samples are then transported by company personnel via truck to the analytical laboratory. Custody and transfer of the samples always remain under the responsibility of company personnel. Sample preparation and analytical work are carried out by Andes Analytical Assays, an independent certified laboratory. 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. Mr. Gower is a consultant of Nobel and is not considered independent of the Company. 
