NMG Noble Metal Group (delisted)

Noble Hydrocarbons Alta Ltd. on April 3, 2007 entered into a Technology License Agreement with Global Resource Holdings L.P. Infinity Petroleum, LLC and Dragon Keystone, LLC of Irving, Texas now located at Frisco, Texas. This Technology Agreement originally entered into on April 3, 2007 provided NHA with the exclusive right to use technologies known as Insitu Hycraft for all of Canada and Cracking Hycraft on NHA's properties in Canada for a period of 10 years. The technologies are useful in the cracking and lightening of complex hydrocarbons that exist in conventional oil, heavy oil, and oil sand formations to the equivalent of light intermediate crude.

Under the original agreement Noble Hydrocarbons Alta Ltd. paid US$500,000 for the acquisition of the licences, and NHA received a 5% ownership interest in Dragon Keystone, LLC, the owner of the Insitu Hycraft Technology. Under the agreement NHA was required to pay a royalty for each barrel of oil produced using either technology. On successful demonstration of the cracking technology process, NHA had the option to requisition a processing unit with a minimum capacity of 500 barrels per day at a cost of US$500,000. Upon completion of this processing plant NHA would be vested with a 5% ownership interest in Infinity Petroleum, LLC ("Infinity") the owner of the Cracking Hycraft Technology.

Second Amended Technology License Agreement/August 2008

As a result of significant technological advancements made to the Cracking Hycraft process, the participating companies have agreed to further modifications of the Original Technology Licence Agreement. The parties have agreed to develop the Cracking Hycraft technology through new entities incorporated in the United States and Canada jointly owned by Infinity and NHA. The royalty for use of the Cracking Hycraft technology has been eliminated. The term of the agreement has been extended to 25 years or the life of the patent (whichever is longer) for each Cracking Hycraft processing plant constructed under the agreement. The term of any licence can be renewed for an additional 25 year term.

The parties have agreed to construct a 1000 barrel per day Cracking Hycraft processing plant in place of the 500 barrel per day unit. This plant will also be used as a demonstration plant for the extraction and lightening of complex hydrocarbons from conventional oil, heavy oil, and oil sand formations to oil with an API (American Petroleum Institute Standard) gravity equivalent of light intermediate crude oil. After performing over 1000 tests of the system on a wide variety of heavy oils from around the world Global Resource Holdings, LP ("GRH") is now able to increase the API of very heavy oils (8 - 10 API gravity) to very light oil (38 API gravity) at extraordinarily low energy input cost.

The advances which have been made by GRH to the Cracking Technology maintain the low environmental footprint by the virtual elimination of harmful emissions and no petroleum coking. The 1000 barrel per day plant will be sited in the United States. Once completed and production commenced a second Cracking Hycraft plant is planned for use in Canada.

The participating companies have formed joint entities in both the United States and Canada with the joint entities licenced to use the Cracking Hycraft process. The licence for the US joint entity is limited to one location in the United States but that plant is unlimited in terms of its capacity. Plant sizes are easy to expand. In place of NHA holding a Cracking Hycraft Technology Licence limited to NHA's properties, under the Second Amendment Agreement the Cracking Hycraft technology licence granted to the Canadian joint entity is for all of Canada.

The parties have incorporated in Texas, as the joint entity, GRN HYCRAFT ENERGY SOLUTIONS, LLC. and have incorporated in Alberta, as the joint entity, GRN HYCRAFT ENERGY SOLUTIONS LTD. The directors of both companies are John McIntyre, Lance Lankford, Dorothy Dennis and Brian Clark. The joint entities are adding to each of their boards one other director. The companies are 50% owned and controlled by Infinity and NHA and will be managed and operated by equal numbers of representatives from those companies.

From the date of the Second Amendment Agreement, GRH is vested with an option to purchase one million shares of NMG at a price of CDN $1.00 per common share. GRH also has the option to purchase a further one million shares of NMG at a price of CDN $2.00 per common share upon completion of the 1000 barrel a day Processing Plant or the successful demonstration for the Insitu Hycraft process to extract hydrocarbons in actual field testing/operations.

Further to the above GRH is also granted the option to purchase an additional one million shares of NMG at a price of CDN $3.00 per common share upon completing any conditions that may remain after exercising the CDN $2.00 option.

The total cost of the processing plant is US$4,000,000 of which NHA will pay one-half or US$2,000,000 over the course of the coming year. Upon receipt in full by GRH, NHA shall own five percent (5%) ownership interest in Infinity Petroleum, LLC.

The parties are in the process of selecting a suitable location for the 1000 barrel a day plant with the capacity for expansion to 10,000 barrels and up to 100,000 barrels per day. The initial processing plant will be owned by the US joint entity, GRN Hycraft Energy Solutions, LLC.

ON BEHALF OF THE BOARD OF DIRECTORS

NOBLE METAL GROUP INCORPORATED

JJ McIntyre, President

Should you wish to receive our news releases 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 John J. McIntyre President (604) 683-9338 (604) 683-9293 (FAX) Email: nobleinc@telus.net

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