Noble Iron Inc. Announces Additional Financing for its Houston Operations

Noble Iron Inc. (TSX VENTURE:NIR) today announced approved financing for the
purchase of approximately $10.0 Ml. U.S. of new rental fleet for its Southeast
Texas equipment rental & dealership depot located at 505 Rankin Road, Houston,
Texas. 


The Company has secured approximately $7.2 Ml. U.S of manufacturer financing, to
be drawn over a number of tranches, to acquire approximately $8.0 Ml. of Terex
aerial work platforms and light construction equipment. This purchase will
significantly expand Noble Iron Texas' existing rental fleet offering, comprised
primarily of heavy equipment including wheel loaders, excavators, skid steer
loaders, and backhoe loaders - much of which was acquired through the
acquisition of certain assets of Bane Machinery Houston LP in July 2012. The
terms of the Terex fleet financing involve a total initial down payment of
approximately 10%, a 63-month term, and a current indicated interest rate of
approximately 6.50%, based on a floating LIBOR. 


Separately, Noble Iron announced that it has taken delivery of approximately
$1.4 Ml. U.S. of LiuGong Construction Machinery ("LiuGong") equipment under the
terms of its Southeast Texas exclusive dealership agreement with LiuGong, and
that it has secured conventional lease financing in the amount of $0.70 Ml. for
this fleet purchase. This financing has been provided by De Lage Landen
Financial Services, Inc. ("DLL"), and is payable over 48-months, at a current
interest rate of approximately 5.0%. 


"These transactions mark a significant expansion of our business operations in
Texas. The financings for our Texas operations together with the $25.0 Ml
facility the Company has in place for its California operations are key
milestones to Noble Iron's continued growth into the rental and dealership
channels," stated Willie Swisher, the Company's Chief Executive Officer.


Nabil Kassam, Executive Chairman, added, "Since launching into the rental and
dealership sectors in August 2011, we have built an equipment fleet size of over
$40.0 Ml. The Company is today operating in California, Texas, Canada and
Australia. However, Noble Iron is still in its infancy. Our goal is to build a
different and better operating model in the equipment industry, and the
disruptive technologies and processes Noble Iron's team has been developing have
yet to be unveiled. We are pleased that our top tier manufacturer partners,
Terex and LiuGong, support and appreciate the potential of Noble Iron." 


More information can be found at www.sedar.com.

About Noble Iron Inc. (TSX VENTURE:NIR)

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


The Company operates its equipment rental business and dealership under the name
"Noble Iron." Noble Iron rental depots currently serve customers in California
and Texas. Noble Iron's dealership offer select manufacturers' equipment and
accessories for sale, and is the exclusive distributor of LiuGong Construction
Machinery equipment in Southeast Texas.


The Company's software division, Texada Software, provides software applications
to manage the complete equipment ownership lifecycle, from acquisition, rental,
sales and other activities, through to disposal. Texada offers in-the-cloud or
client-based software, and is scalable to meet the needs of any customer.


The Company can be reached at 1-800-361-1233 or 1-519-836-7073, 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
industries in which the Company participates; 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.