NIR Noble Iron Inc

NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES OF AMERICA


Noble Iron Inc. ("Noble Iron" or the "Company") (TSX VENTURE:NIR) announced its
audited financial results for the year ended December 31, 2012.




--  2012 revenue totaled $16.2 million, an increase of more than 100% over
    prior year revenue of $7.7 million 
--  Equipment rental and distribution revenue increased more than 250% over
    the prior year 
--  In 2012, the Company launched its second equipment rental and
    distribution CELL (Centralized Equipment Logistics Location(TM)) in
    Houston, Texas 
--  Enterprise asset management software revenue increased 6.8% over the
    prior year



2012 consolidated adjusted EBITDA (see definition below), including corporate
expense related to business development, branding and R&D, was $0.9 million -
versus $0.1 million last year. Standalone adjusted EBITDA at Noble Iron's rental
and distribution operations were $2.7 million and $1.0 million at the Company's
software subsidiary, Texada Software. Net losses for 2012 were $1.8 million. 


"Noble Iron remains positioned for continued success in 2013, having achieved
several important milestones in 2012, the first full calendar year of Noble
Iron's operating directly in the equipment rental and distribution business and
the imminent launch of Texada's cloud-based application," said Mr. Swisher, CEO
of the Company. He continued, "With two CELLs fully operational, the Noble Iron
model, leveraging its technology and development path, will further demonstrate
market acceptance through demand driven pricing, customer satisfaction and
shareholder value."


Nabil Kassam, Executive Chairman of Noble Iron, commented, "2012 was a year of
rapid growth, and we are still in the early stages of our vision. Our
aspirations at Noble Iron are very big." 


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.


The Company can be reached at 1-832-767-4424, or at www.nobleiron.com.

Non-IFRS Measures 

References in this press release to Adjusted EBITDA are to earnings before
interest expense, deferred income taxes, depreciation, amortization, share based
compensation, gain on fair value increment on acquisition (net of deferred
income taxes), acquisition expenses, accretion on convertible debt, interest on
convertible debentures and foreign exchange. Adjusted EBITDA is a measure used
by investors to compare issuers on the basis of ability to generate cash flow
from operations. Adjusted 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 Adjusted 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 Adjusted 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 Adjusted EBITDA may differ from
the methods used by other issuers and, accordingly, Noble Iron's Adjusted 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.
Thomas Caldaroni
Chief Financial Officer
(832) 767-4424 Ext. 207
thomas.caldaroni@nobleiron.com
www.nobleiron.com

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