Noble Mineral Exploration to Distribute Homeland Nickel Shares to Shareholders

Toronto, Ontario — February 12, 2026 — Leads & Copy — Noble Mineral Exploration Inc. (TSX-V: NOB, FRANKFURT: NB7, OTCQB.PK:NLPXF) has announced that its board of directors has approved a distribution of 9,000,000 common shares of Homeland Nickel Inc. (TSX-V: SHL, OTC: SRCGF) to Noble's shareholders.

The distribution will be implemented through a plan of arrangement. This plan will reorganize the company’s outstanding share capital, replacing existing Noble shares with new shares listed on the TSX Venture Exchange on a one-for-one basis and a pro rata portion of Homeland shares being distributed. The plan of arrangement requires shareholder and court approvals.

A special shareholder meeting is scheduled for May 7, 2026, to seek shareholder approval. The record date for voting will be March 27, 2026. Noble anticipates the distribution will be completed soon after the May 7 meeting, assuming the required approvals are granted.

The company’s annual general and special shareholder meeting will proceed as planned on February 26, 2026. The plan of arrangement will not be submitted for approval at that time.

The capital reorganization and distribution are intended to be completed as a return of capital, although the final determination depends on factors such as the market value of Homeland shares at the time of distribution. Noble shareholders are advised to consult their tax advisors regarding the distribution’s tax impact. Further information on the tax treatment of the distribution will be announced when available.

The distribution of Homeland shares will be on a pro rata basis, based on the number of Noble shares outstanding when the plan takes effect. The ratio will be calculated and announced at that time. No fractional shares or cash will be distributed, except as applicable for shareholders exercising dissent rights. If the distribution ratio results in a fraction of a Homeland share, the number of shares distributed will be rounded down to the nearest whole number, likely resulting in less than 9,000,000 Homeland shares being distributed.

Shareholders should note that the exercise of outstanding warrants and options could result in additional Noble shares being issued before the distribution.

H. Vance White, President and CEO of Noble, stated that the distribution gives Noble's shareholders the opportunity to participate in the pro rata distribution of Homeland shares through the plan of arrangement. Homeland Nickel Inc. focuses on critical metal resources with ten nickel projects in Oregon, USA, hosting historical nickel resources, and holds interests in copper and gold projects in Newfoundland, Canada.

Based on Homeland’s most recent closing price on the TSX Venture Exchange, the distribution would return at least ~$3.735 million to Noble’s shareholders. Factoring in earlier distributions of Canada Nickel Company Inc. shares in 2020 and 2022, Noble will have distributed more than ~$28 million of current value in Homeland and CNC shares. Noble will retain more than 10 million shares of Homeland after the distribution and will continue to seek opportunities to distribute share blocks of other public companies, including some of the retained Homeland shares.

Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and the Holdsworth gold exploration property in Wawa, Ontario. It holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~24,000ha elsewhere in Quebec and plans to generate option/joint venture exploration programs. Noble also holds rights in the Timmins-Cochrane areas of Northern Ontario, Thomas Twp/Timmins, East Timmins Nickel, the Nagagami Carbonatite Complex, the Boulder Project near Hearst, Ontario, the Buckingham Graphite Property, the Havre St Pierre Nickel, Copper, PGM property, the Cere-Villebon Nickel, Copper, PGM property, the Chateau Uranium/Rare Earth property, the Taser North Uranium/Molybdenum property, the REE Mehmet Property, the Gull Lake REE Property in Quebec, and the Chapiteau REE property in Labrador.

Noble's common shares trade on the TSX Venture Exchange under the symbol “NOB”.

Source: Noble Mineral Exploration