NIR Noble Iron Inc

Noble Iron Inc. (TSX VENTURE:NIR), formerly Texada Software Inc., today
announced its unaudited interim operating results for Q3 and the nine months
ended September 30, 2012. Total revenues for the quarter were $3.97 Ml. as
compared to $1.88 Ml. for the same quarter in 2011. Revenue for the nine month
period ending September 30, 2012 reached $12.02 Ml. as compared to $4.18 Ml. for
the same period in the prior year.


The Company achieved a year-to-date Adjusted EBITDA (defined as net income
(loss) for the period adjusted for depreciation, amortization, gain on expiry of
default judgement, interest, foreign exchange and stock based compensation) of
$1.11 Ml. for the nine month period ended September 30, 2012 as compared to nil
for the same nine month period in 2011. Adjusted EBITDA for the quarter was
$0.15 Ml. as compared to $0.10 Ml. for the same quarter in 2011. 


The Company incurred a net loss of $0.29 Ml. and $1.22 Ml. for the three and
nine month periods ended September 30, 2012, as compared to net earnings of
$4.35 Ml. and $4.08 Ml. for the same periods in 2011. The difference between
2012 and 2011 net earnings is due primarily to a one-time non-cash gain in 2011
that resulted from the acquisition of certain assets. 


Third quarter operating expenses increased from $1.71 Ml. in 2011 to $3.80 Ml.
in 2012. This is prior to a $0.69 Ml. reduction to reported operating expense in
Q3 2012 due to the expiry of a previously recorded default judgement, and prior
to a reduction due to a gain on fair value increment totaling $4.9 Ml in Q3
2011. Total operating expenses for the nine months ended September 30, 2012 were
$10.44 Ml. as compared to $4.13 Ml. in the period ending September 30, 2011 as
adjusted for the previously mentioned items.


"The Company is pleased to have begun operating from a second CELL (Centralized
Equipment Logistics Location) at 505 Rankin Road in Houston, Texas during the
third quarter," stated Willie Swisher, the Company's CEO. He continued,
"Additionally our software business unit, Texada Software, continues to develop
exciting new features for 2013, such as our pending release of Web Client, a
zero footprint deployment that can launch in any web browser, bringing a new
level of performance to our customers." 


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 selected 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 disposal. Texada Software offers
in-the-cloud or client-based software, and is scalable to meet the needs of any
customer.


The Company can be reached at 1-832-767-4424, 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations Contact:
Noble Iron Inc.
Thomas C. Caldaroni
Chief Financial Officer
Investor_Relations@NobleIron.com
www.nobleiron.com

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