TORONTO, January 7, 2026 — Leads & Copy —
Nobel Resources Corp. (TSX – V: NBLC) announced it has commenced mobilization by its diamond drill contractor to the Cuprita copper project with drilling slated to begin during the week of January 12th.
The Company has received all necessary permits for this initial drilling at Cuprita from local authorities.
Larry Guy, Chairman and CEO of Nobel, said that during 2025, the company’s technical team identified highly prospective near surface copper targets at the Cuprita project. He added that the company is excited to commence drilling this large-scale, mineralized alteration system characterized by widespread copper minerals in outcrop. He also stated that Nobel is the first company to drill test Cuprita, a copper project with exciting potential, in a prolific copper mining region of Chile, and called it a fabulous start to 2026 for the company.
Cuprita is a copper porphyry project in the Atacama region of northern Chile, and is part of the Metallogenic Paleocene Porphyry Copper Belt that hosts several major porphyry copper deposits such as El Salvador, Cerro Colorado, Spence, Sierra Gorda, Fortuna, as well as several gold deposits. The Project sits on a north-northeast trending major structural corridor crosscut by a Northwest trending secondary structure, which is almost identical to the structural setting of the world class Spence, Sierra Gorda and El Salvador porphyry deposits to the north. Nobel geologists have identified multiple key geologic characteristics consistent with a potentially buried porphyry.
During the 2025 field campaigns, Nobel geologists identified a leach cap at Cuprita with an associated copper, lead and zinc anomaly in soils. The leach cap and soil anomaly are located adjacent to a ground magnetic low and are situated near the intersection of a major north-northeast striking fault structure with numerous northwest striking quartz veins with copper oxides. Intersecting major faults is a common structural control for the emplacement of copper-gold porphyries in the region.
The presence of strongly anomalous copper in soil on the flanks of the leach cap is an important positive indicator supporting the potential for a buried mineralized porphyry deposit at the Cuprita project. The highest copper in soils values identified to date occur southeast of the outcropping leach cap. Much of the soil anomaly exhibits soil values more than 300% above the expected background levels of the area. In addition, the leach cap and soils anomaly are coincidental with a ground magnetic low which is a common indicator associated with mineralized systems in the region, where hydrothermal processes have replaced the magnetic minerals.
The presence of a leach cap at Cuprita is encouraging in a regional context. Leach caps are a key feature of intact porphyry systems in this region. Recirculation of acidic fluids from the buried porphyry below often leave a bleached or iron oxide “rusty” appearance on surface. The leach cap identified by Nobel geologists exhibits hydrothermal alteration similar to that found above a buried porphyry. The presence of copper oxides, quartz veins and remanent sulfides indicates potential for mineralization under the leach cap, which fits the classic geological model for the region.
Geological mapping has also identified a large area of tourmaline breccias covering much of the target, also considered an additional favorable pathfinder, characteristic of productive porphyry systems.
Nobel has issued a total of 3,900,000 stock options to purchase common shares of the Company to certain officers and directors pursuant to the Company’s Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.05 per common share for a period of three years from the date of grant.
The Company has issued a total of 3,600,000 restricted share units to certain directors and officers of the Company in accordance with the Company’s Restricted Share Unit and Deferred Unit Plan. The RSUs will vest annually in equal installments over a three-year period beginning on the one-year anniversary of the grant date.
The grant of the Options and the RSUs is subject to the approval of the TSX Venture Exchange.
Mr. David Gower, P.Geo., a consultant of Nobel, has reviewed and approved the scientific and technical information in this release.
Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects.
For further information, please contact:
Lawrence Guy
Chairman and Chief Executive Officer
+1 647-276-0533
Vincent Chen
Investor Relations
vchen@nobel-resources.com
Source: Nobel Resources
