Nubian Resources Increases Private Placement

JULY 6, 2016 – Nubian Resources Ltd. (“Nubian” or the “Company”) (TSX VENTURE: NBR) is pleased
to announce that, due to increased demand, it has increased the private placement announced on June 24, 2016 (the “Private Placement”). The Private Placement will now consist of up to 6,000,000 units of the Company at a price of CDN $0.05 per unit for gross proceeds of up to CDN $300,000. Each Unit will consist of one common share in the capital of the Company and one transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company for a period of twenty-four months from the closing date, at a purchase price of CDN $0.06 per share.

The Company may pay finder’s fees on a portion of the Private Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued under the Private Placement will be subject to a four month and one day “hold period” under applicable Canadian securities legislation.

Assuming the Private Placement is fully subscribed, the Company intends to allocate the net proceeds as follows: (i) lease payment BLM fee and final down payment to maintain mining claims on its Excelsior Springs Property located in Esmeralda County, Nevada – CDN $130,000; (ii) regulatory filing fees and audit fees – CDN $50,000; (iii) outstanding liabilities – CDN $50,000; and (iv) general working capital – CDN $70,000. The Private Placement is subject to approval of the TSX Venture Exchange.

FOR FURTHER INFORMATION PLEASE CONTACT:

Larry Treadgold
Chief Executive Officer
Nubian Resources Ltd.
Office: 604 870-4988
Jeannette Durand: [email protected]
Web Page: www.nubianr.com