Noble Iron Inc. Announces Expiration of Execution and Appeal Periods Relating to U.S. Default Judgment and Reversal of Accrue...

Noble Iron Inc. (TSX VENTURE:NIR) (the "Company") today announced that it has
been advised that the execution and appeal periods for a default judgment in the
original amount of $219,259 U.S. rendered against a wholly owned U.S. subsidiary
in September 2002 have expired.


The original default judgment amount was accrued by the Company in 2002 and
interest on the judgment has been recorded in the Company's financial statements
in each subsequent quarter up to and including June 30, 2012. 


Accordingly, the Company will record a one-time, non-cash income inclusion of
approximately $693,000 to reverse the accrued liability relating to the default
judgment in the quarter ended September 30, 2012. The amount of the reversal is
approximately $0.05 per basic common share and $0.04 per common share on a fully
diluted basis. 


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 offers 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.