NIR Noble Iron Inc

Noble Iron Inc. (TSX VENTURE:NIR) ("Noble Iron" or the "Company") is pleased to
announce the closing of a non-brokered private placement offering (the "Private
Placement") for 3,846,154 common shares (the "Common Shares") of the Company at
a price of $1.30 per share, for gross proceeds of $5,000,000. The Private
Placement was fully subscribed, and the Company intends to use the proceeds for
growth and development initiatives. 


Nabil Kassam, Executive Chairman of Noble Iron commented, "participants in the
offering ranged from institutional funds to Silicon Valley-based investors
interested in the disruptive nature of our operating model." He continued, "our
new investors add significant strategic strength to Noble Iron as we continue
building a remarkable company." 


The Common Shares issued in connection with the closing of the Private Placement
are subject to hold periods of four months and one day from the date of
distribution under applicable securities laws and stock exchange rules. The
Private Placement is subject to receipt of final TSX Venture Exchange approval.


More information may be found at www.SEDAR.com.

About Noble Iron Inc. (TSX VENTURE:NIR)

Noble Iron Inc. operates in three complementary sectors: equipment rental,
equipment sales and enterprise software for the construction and industrial
equipment industry. 


The Company operates its equipment rental and dealership business under the name
"Noble Iron", and currently serves customers in California and Texas. Noble Iron
rents and sells a wide range of construction equipment and accessories, and is
the exclusive distributor of LiuGong Construction Machinery equipment in
Southeast Texas.


Noble Iron Inc.'s software division, Texada Software, develops software
applications to manage the complete equipment ownership lifecycle: from
acquisition, rental, sales, maintenance, utilization analysis, through to
disposal. Texada offers in-the-cloud or client-based software, and is scalable
to meet the needs of any customer. 


Noble Iron Inc. can be reached at 1-832-767-4424, or at www.nobleiron.com. 

This news release may contain forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements are often, but not always, identified by the use of words such as
"seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that
an event or result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. These forward-looking statements involve
risk and uncertainties, including the difficulty in predicting acceptance of and
demands for new products, the impact of the products and pricing strategies of
competitors, delays in developing and launching new products, fluctuations in
operating results and other risks, any of which could cause results,
performance, or achievements to differ materially from the results discussed or
implied in the forward-looking statements. Many risks are inherent in the
industry; others are more specific to the Company. The Company's ongoing
quarterly filings should be consulted for additional information on risks and
uncertainties relating to these forward-looking statements. Investors should not
place undue reliance on any forward-looking statements. Management assumes no
obligation to update or alter any forward-looking statements whether as a result
of new information, further events or otherwise. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Noble Iron Inc.
Thomas Caldaroni
Chief Financial Officer
1-832-767-4424 Ext. 207
thomas.caldaroni@nobleiron.com
www.nobleiron.com

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