Noble Metal Group Incorporated

April 22, 2009 12:17 ET

Noble Metal Group Incorporated-NHA News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2009) - Noble Metal Group Incorporated (TSX VENTURE:NMG) -

Noble Hydrocarbons Alta Ltd. ("NHA")

The Company is pleased to announce that it has received from Weatherford Laboratories of Texas, the results of Total Organic Carbon, Rock Eval and modified Fischer Assay testing on samples from eight of the nine holes drilled in 2008 on its Hudson Bay Oils Shale Exploration Permit lands.

Total Organic Carbon (TOC) determines the amount of organic carbon contained in a host rock and is measured as a weight percent (wt %). As a general rule oil shales with TOC's less than 0.5 wt % are designated Poor; those with a wt % between 0.5 to 1.0 are considered Fair; from 1.0 - 2.0 wt % are classified as Good; from 2.0 - 4.5 wt % as Very Good and above 4.5 wt % as Excellent. Using this classification, the average TOC results for two of the drill holes are considered Very Good and for the remaining six drill holes are considered Excellent.

Modified Fischer Assay (mFA) tests extract hydrocarbons from rock using pyrolysis by heating the rock slowly to 500 degrees celsius in the absence of oxygen in a special retort chamber. The distilled vapours of oil, gas and water are collected and condensed. The condensate is then separated into the hydrocarbon (oil) and water fractions using centrifugation. The method does not normally indicate the maximum amount of oil in a rock but is considered a good screening method to determine potential oil yield. Weatherford Laboratories performed mFA tests on all samples with TOC results above 10.0 wt %.

The results of the testing are reported in the following table:

# highest
Samp- Average Highest TOCs
Depth Oil Shale Oil shale les TOC TOC (US gal
Hole start and end in Intersection tes- results result of oil/
No. meters in meters ted (wt.%) (wt.%) ton)
NHA-6 18.3 m (60.0 ft)- 41.4 m (135.9 ft) 14 6.61 17.68 15.64
59.7 m (195.9 ft)
NHA-7 15.8 m (51.8 ft)- 62.5 m (205.1 ft) 18 6.10 11.35 11.68
78.3 m (256.9 ft)
NHA-8 24.4 m (80.1 ft)- 35.0 m (114.8 ft) 11 3.46 8.39
59.4 m (194.9 ft)
NHA-9 9.1 m (29.9 ft)- 20.5 m (67.2 ft) 7 7.73 10.37 11.41
29.6 m (97.1 ft)
NHA-10 32.6 m (107.0 ft)- 30.5 m (100.0 ft) 9 8.08 11.19 10.97
63.1 m (207.0 ft)
NHA-11 12.2 m (40.0 ft)- 53.3 m (174.9 ft) 18 3.70 11.44 13.16
65.5 m (214.9 ft)
NHA-12 30.2 m (99.1 ft)- 30.5 m (100.1 ft) 9 8.47 12.12 13.18
60.7 m (199.2 ft)
NHA-13 21.0 m (68.9 ft)- 68.6 m (216.2 ft) 14 5.43 9.53
89.6 m (285.1 ft)

An estimate on potential oil reserves has not been prepared. Under National Instrument 51-101 such an estimate can only be carried out by a qualified reserves evaluator.

The initial 9 holes drilled illustrated that the oil shale formation in the Hudson Bay Oils Shale Exploration permit area is relatively shallow and extends at least 18 kms (11 miles) in a north-south direction and 9.8 kms (6.0 miles) in an east-west direction. NHA's Hudson Bay Permit area comprises 37,980 hectares (93,851 acres) spread over five townships lying under both private and Crown lands.

The company is pleased with the results obtained to date from the 2008 program and is looking forward to further delineating the deposit in 2009.



JJ McIntyre, President

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Except for statements of historical fact relating to the Company, this news release contains certain "forward-looking information" within the meaning of applicable securities law. "Forward-looking information" is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events "may", "will", or "could" occur. There are uncertainties inherent in forward-looking information including factors beyond the company's control, and no assurance can be given that the programs will be completed on time, on budget or at all. The reader is cautioned not to place undue reliance on forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Contact Information

  • Noble Metal Group Incorporated
    JJ McIntyre
    (604) 683-9338
    (604) 683-9293 (FAX)