Noble Iron Awards Significant Portion of 2012 Management Bonuses as Shares

Noble Iron Inc. (TSX VENTURE:NIR) ("Noble Iron" or the "Company") Noble Iron
announced today that, upon the recommendation of management, the Company will
award three members of senior management, two of whom are also directors, a
significant portion of 2012 bonuses by the issuance of common shares of the
Company. Under this "Shares for Debt Transaction", an aggregate amount of
$271,350 owing by the Company pertaining to bonus compensation for the year
ended December 31, 2012 to these individuals will be settled by the issuance of
approximately 246,682 common shares at a deemed price of $1.10 per share, which
is based upon the closing price of the Company's common shares on February 15,
2013. The Shares for Debt Transaction is subject to the receipt of all
applicable regulatory approvals, including the TSX Venture Exchange. In
addition, the Common Shares to be issued pursuant to the Shares for Debt
Transaction will be subject to a four-month hold period. 


More information about the Company 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 asset management software for the
construction and industrial equipment industry.


The Company operates its equipment rental business and dealerships under the
name "Noble Iron". Noble Iron rental depots currently serve customers in
California and Texas. Noble Iron offers select manufacturer equipment and
accessories for sale, and are the exclusive distributor of LiuGong Construction
Machinery equipment in Southeast Texas.


The Company's software division, Texada Software, develops 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.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Noble Iron Inc.
1-832-767-4424
www.nobleiron.com


Corporate communications contact:
Noble Iron Inc.
Thomas Caldaroni
Chief Financial Officer
[phone] Ext. 207
[e-mail]