Toronto, Ontario - April 11, 2012, Noble Mineral Exploration Inc. (the

"Company", "Noble" or "NOB") (TSX-V:

NOB, FRANKFURT: NB7, OTC.PK: NLPXF) today announced that Franco-Nevada

Corporation (TSX: FNV, NYSE: FNV) has purchased a secured convertible

debenture from the Company in the principal amount of $1,500,000 (the

"Debenture"), the proceeds of which have been used to repay

a $1,500,000 promissory note. The promissory note matured on April

10, 2012 and was payable to AbiBow Canada Inc. The principal amount

of the Debenture is secured by a mortgage over the Company's Project

81, is convertible into common shares of the Company at a price of

$0.20 per share, and bears interest at 5% per annum (payable on April

11th of each year until maturity on October 6, 2014). The Debenture

is in addition to the three-year debenture previously issued to

Franco-Nevada Corporation on October 6, 2011 having a principal amount

of $2,000,000.

The promissory note corresponded to the second of three payments due

to AbiBow Canada Inc. in connection with the previously announced

acquisition of the Company's Project 81. A third and final payment of

$1,500,000 which is due on October 9, 2012 remains payable to AbiBow

Canada Inc. on this property.

About Project 81:

Project 81, the Company's flagship project, is a 72,218 hectare

patented and staked land package divided into 2 blocks. The patents

include surface, mineral and timber rights, and host a significant

timber resource plus a number of zones that have historical

exploration identifying nickel and gold mineralization (these sample

results are historical and non 43-101 compliant) from work carried out

in the 1960's and 1970's, which have been confirmed by recent assay

results from the current, ongoing drill program.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian based junior exploration

company holding in excess of 72,000 hectares of property in the

Timmins, Iroquois Falls and Smooth Rock Falls areas of Northern

Ontario. The Company also holds a portfolio of diversified

exploration projects at various stages of exploration and drilling for

Vanadium, Nickel, Copper, Chromium and PGM in the 'Ring of Fire'

McFauld's Lake Area of Northern Ontario, Gold in the Wawa area of

Northern Ontario, and Uranium in Northern Saskatchewan.

More detailed information is available on the website at

www.noblemineralexploration.com

Cautionary Statement:

Neither TSX Venture Exchange nor its Regulation Services Provider (as

that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority

has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements

relating to the future performance of Noble Mineral Exploration Inc.

Forward-looking statements, specifically those concerning future

performance, are subject to certain risks and uncertainties, and

actual results may differ materially from the Company's plans and

expectations. These plans, expectations, risks and uncertainties are

detailed herein and from time to time in the filings made by the

Company with the TSX Venture Exchange and securities regulators.

Noble Mineral Exploration Inc. does not assume any obligation to

update or revise its forward-looking statements, whether as a result

of new information, future events or otherwise.

Contacts:

Noble Mineral Exploration Inc.

H. Vance White, President

Phone: 416-214-2250

Fax: 416-367-1954

eMail:info@noblemineralexploration.com

Investor Relations

Phone: 416-214-2250