VANCOUVER, BRITISH COLUMBIA, Jul 04 (MARKET WIRE) --
Noble Metal Group Incorporated (TSX VENTURE: NMG) -
The Company is pleased to announce that for each of its oil shale
exploration permits located near Tisdale, Saskatchewan, it has received
from the Saskatchewan government confirmation and approval that the work
commitment expenditures required for all five years of the permits have
been fulfilled. Prior to receiving approval of expenditures, all oil
shale cores are required to be stored at the Saskatchewan Industry and
Resources Subsurface Geological Laboratory located in Regina. NHA
completed this requirement in May 2008 on delivery of all cores from its
9 hole drill program to that facility. NHA holds three oil shale
exploration permits in the Tisdale area covering 28,447 hectares (70,294
acres).
Samples of the cores from the 9 hole drill program were sent for
laboratory testing and analysis to Baseline Laboratories in Texas under
the supervision and chain of custody of Wayne F. Downey Jr., Professional
Geologist for GRH (Global Resource Holdings, LLC). Mr. Downey left GRH's
employ in late 2007. He has been retained by NHA to prepare a report
relating to the Baseline Laboratory results on the tests he commissioned.
NHA is awaiting a final copy of his report.
NHA also holds in the Hudson Bay area of Saskatchewan a further oil shale
exploration permit covering parts of 5 townships comprising 37,980
hectares (93,851 acres). Investors may be aware of the significant coal
deposit discovery made by Goldsource Mines Inc. approximately 50 kms (30
miles) northeast of the community of Hudson Bay, Saskatchewan. The
northeast corner of NHA's oil shale exploration permit area abuts the
southwest corner of the coal permits recently granted by the Saskatchewan
government to Goldsource Mines Inc. including the discovery deposit.
NHA's exploration rights are exclusive in its permit area and extend from
the surface to the top of the Precambrian geological layer. Should coal
be encountered by NHA during the course of its exploration of the permit
area, it has confirmed with the Saskatchewan Industry and Resources that
it has the option of converting part of its oil shale exploration permit
area to a coal lease.
ON BEHALF OF THE BOARD OF DIRECTORS
NOBLE METAL GROUP INCORPORATED
JJ McIntyre, President
Should you wish to receive our news release via e-mail please contact us
at nobleinc@telus.net.
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.
Contacts:
Noble Metal Group Incorporated
JJ McIntyre
President
(604) 683-9338
(604) 683-9293 (FAX)
Email: nobleinc@telus.net
Copyright 2008, Market Wire, All rights reserved.
-0-
