NIR Noble Iron Inc

Noble Iron Inc. (TSX VENTURE:NIR) today announced the appointment of Thomas
Caldaroni as the Company's Chief Financial Officer, effective October 22, 2012. 


Mr. Caldaroni was formerly the Global Director of Risk Management responsible
for all credit and portfolio management activities at Terex Financial Services,
Inc., a division of Terex Corporation. Terex is ranked among the world's Top-10
revenue generating construction and industrial equipment manufacturers. Mr.
Caldaroni's prior experience includes leadership roles at Pitney Bowes Global
Financial Services and at DaimlerChrysler Capital, where he helped develop the
company's US based non-captive financing programs. He has also held several
audit and accounting roles at Price Waterhouse and Moore Stephens Lovelace. 


Willie Swisher, Noble Iron's CEO, stated, "We are very excited to have Tom join
our team. His extensive experience in structuring financial relationships and
providing growth opportunities to organizations in the dealer and rental
verticals will be a tremendous asset to Noble Iron. We look forward to working
with Tom on the many opportunities we anticipate going forward." 


"I am thrilled with the opportunity to join the Noble Iron Team," stated Tom
Caldaroni. He continued, "This is a great opportunity to work with a world class
team in a dynamic and rapidly changing industry that is poised for continued
growth."


Nabil Kassam, Executive Chairman, commented, "Our aim is to assemble a Noble
Iron Dream Team - comprised of talented and visionary individuals working
together to build a remarkable, multi-billion dollar company in the equipment
industry. We have searched for the right CFO who could diligently manage the
financial controls of a growing public company; represent Noble Iron effectively
with stakeholders, potential partners and capital markets; and engage fully in
strategic thinking surrounding growth and innovation. We are honored to have Tom
join us in building Noble Iron."  


In connection with his appointment as CFO, Mr. Caldaroni will be provided with a
share purchase loan to purchase $150,000 of common shares of the Company, and
will be granted 125,000 options to purchase common shares for a period of 10
years from the date of the grant. The purchase of common shares and the grant of
options will be completed using a price of the greater of $1.00 and the minimum
price permitted under the Company's stock option plan and the policies of the
TSX Venture exchange ("TSXVE"). The issuance of all such securities to Mr.
Caldaroni is subject to the receipt of all required regulatory and TSXVE
approvals. 


Noble Iron wishes to thank Jim McInnis for his many years of service to the
Company. Jim has played an important role in Noble Iron's growth and expansion.
Willie Swisher stated "We wish to thank Jim for his important contributions to
the Company and wish him well in the future." Mr. McInnis will remain associated
with the company in an advisory role. 


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.


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.

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