VANCOUVER, BC, July 24, 2023 /CNW/ - Trading resumes in:

Toronto, Ontario--(Newsfile Corp. - July 24, 2023) - Noble Iron Inc. (TSXV: NIR.H) ("Noble Iron", or the "Company"), further to its press release of July 12, 2023, is pleased to announce the dates for a distribution of approximately $8,180,243.70, or $0.30 per share, to its shareholders by way of return of capital (the "Distribution"). The record date for the Distribution will be August 1, 2023 and the payment date will be August 8, 2023. The return of capital is expected to be generally more tax advantageous to shareholders than a dividend. The distribution to shareholders will be made in accordance with the "due bill" trading procedures mandated by the TSX Venture Exchange (the "TSXV") for large dividends and distributions. The purpose is to result in traded shares carrying the value of the $0.30 Distribution until it is paid.