Nobel Resources Corp. has decided to withdraw from its option to acquire the Salvadora project in Chile. The company has reviewed all of the technical results to date.

The Company intersected copper mineralization from all drill holes, which were located in two areas of the Property, including several intervals grading more than 1% copper. However, the mineralization did not demonstrate sufficient grade or continuity to support development of a commercial scale copper mining operation. The potential for a covered oxide zone associated with the sulphide copper mineralization was also evaluated by drilling, and the extent of the copper oxide mineralization was too limited for development.

The company is excited to pursue its recently acquired Pircas Verde Project, where potential for a larger deposit remains to be tested.