Noble Iron Announces Preliminary 2012 Revenue and $15MM Additional Debt Financing

Noble Iron Inc. ("Noble Iron" or the "Company") (TSX VENTURE:NIR) announced
preliminary 2012 full year revenue and additional debt financing terms to
support its Texas operations.




--  2012 revenues are in excess of $16.0MM, an increase of more than 100%
    over the prior year. 2012 represents the first full calendar year of
    Noble Iron's operating directly in the equipment rental and dealership
    business. 
--  The Company has received financing terms from its current lender,
    Regions Bank, for an additional $15.0MM asset based lending facility to
    support growth at its Texas operations. Combined borrowing facilities
    for Noble Iron's Southern California and Texas operations total $40.0MM 



Willie Swisher, CEO of the Company, said, "Noble Iron ventured into the
equipment rental and dealership industry in August 2011 in Southern California,
and in Texas in July 2012. The Company's performance in two markets has already
begun demonstrating the potential of the Noble Iron model, a different and
better operating platform in the equipment industry. In its first full year of
operations, the company's Southern California CELL (Centralized Equipment
Logistics Location(TM)) achieved revenues in excess of $10.0MM and EBITDA
exceeding $3.0MM on a standalone basis."


Mr. Swisher added, "This new debt financing will provide Noble Iron with
significant borrowing capacity for growth in existing CELLs. We are pleased to
work with our lending partner, Regions Bank, and will continue to pursue
expansion in strategic markets throughout North America."


Financing terms of the $15MM Texas debt facility are similar to those of the
existing $25MM Southern California facility. Noble Iron's full year audited 2012
results are expected to be released prior to the end of April 2013.


Financial information indicated, as set out in this news release, is presented
on a basis consistent with the accounting principles used to prepare Noble
Iron's most recently filed financial statements. The consolidated financial
statements are prepared by management in accordance with International Financial
Reporting Standards, as issued by the International Accounting Standards Board.
Readers are advised that the Company faces various risk factors with respect to
its business and operations: for further information please see the Management
Discussion and Analysis of Noble Iron Inc. 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, or CELLs (Centralized Equipment
Logistics Location(TM)), currently serve customers in California and Texas.
Noble Iron offers select manufacturer 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, 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.


Non-IFRS Measures

References in this press release to EBITDA are to earnings before interest,
income taxes, depreciation, amortization, share based compensation, and foreign
exchange gains/losses. EBITDA is a measure used by many investors to compare
issuers on the basis of ability to generate cash flow from operations. EBITDA is
not an earnings measure recognized by International Financial Reporting
Standards (IFRS), does not have standardized meanings prescribed by IFRS and is
therefore unlikely to be comparable to similar measures presented by other
issuers. Noble Iron's management believes that EBITDA is an important
supplemental measure in evaluating Noble Iron's performance and in determining
whether to invest in its common shares. Readers of this information are
cautioned that EBITDA should not be construed as an alternative to: net income
or loss determined in accordance with IFRS as an indicator of Noble Iron's
performance; or cash flows from operating, investing and financing activities as
measures of Noble Iron's liquidity and cash flows. Noble Iron's method of
calculating EBITDA may differ from the methods used by other issuers and,
accordingly, Noble Iron's EBITDA may not be comparable to similar measures
presented by other issuers.


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
(832) 767-4424 Ext. 207
thomas.caldaroni@nobleiron.com
Noble Iron (TSXV:NIR)
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