Alexander Nubia Closes Non-Brokered Private Placement

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FOR IMMEDIATE RELEASE

ALEXANDER NUBIA CLOSES NON-BROKERED PRIVATE PLACEMENT

March 5, 2015 - Alexander Nubia International Inc. (TSX-V:AAN) (the "Corporation" or "Alexander Nubia") is pleased to announce that, further to its press releases dated January 27, 2015, February 6, 2015 and March 2, 2015, it has closed its previously announced non-brokered private placement offering of 42,000,000 units (the "Units") at a price of $0.025 per Unit for aggregate gross proceeds of $1,050,000 (the "Offering"). The Corporation will now proceed with the completion of the previously announced consolidation of its common shares (the "Common Shares") on the basis of one (1) postconsolidation Common Share for every five (5) pre-consolidation Common Shares (the "Consolidation").

Chief Executive Officer Mr. Alexander Massoud stated, "Given the overall market conditions the investment interest in Alexander Nubia further distinguishes ourselves within the mining sector which reflects positively on the quality of our projects. In particular the technical results from the previous work program provide an excellent platform for advancing the Hamama project which shows a number of geological similarities to major VMS deposits in the Arabian Nubian shield such as Hassaï (La Mancha), Bisha (Nevsun Resources) and Jabal Sayid (Barrick / Ma'aden)." Mr. Massoud further commented: "We are excited about the upcoming program and further details will be provided with the commencement of drilling at Hamama. We are also very pleased to welcome our new shareholders and their strong support for the Corporation’s work program and future development."

Each Unit consists of one Common Share and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share until March 5, 2018 at a price of $0.05 ($0.25 post-Consolidation) per Common Share. The exercise of the Warrants is conditional on completion of the Consolidation. If at any time prior to the expiry date of the Warrants the average closing trading price of the Common Shares on the TSX Venture Exchange ("TSXV") for any 20 consecutive trading days is greater than $0.20 ($1.00 post-Consolidation) then the Corporation may provide notice to the holders of the Warrants that the expiry date of the Warrants will be accelerated to the date which is 30 days after the date of such notice, subject to TSXV approval.

The Corporation also announces that pursuant to the Offering, each of Ou Hektik ("Hektik") and Ou Moonrider ("Moonrider") acquired 20,000,000 Units at a price of $0.025 per Unit, in each case consisting of 20,000,000 Common Shares, representing approximately 10.57% of the issued and outstanding Common Shares as of the date hereof, and 20,000,000 Warrants. If each of Hektik and Moonrider were to exercise all of their Warrants, each would then own 40,000,000 Common Shares, representing approximately 17.3% of the issued and outstanding Common Shares as of the date hereof (assuming all Warrants issued under the Offering are exercised). The Corporation has been advised that Hektik and Moonrider did not own or control any of Common Shares prior to the Offering. The Corporation has also been advised that Hektik and Moonrider acquired these securities for investment purposes and may in the future, depending on market and other conditions, increase or decrease their respective beneficial ownership of the Corporation's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. Copies of the early warning reports filed in connection with these acquisitions will be available on SEDAR at www.sedar.com and may also be obtained by contacting the Corporation.

All securities issued pursuant to the Offering will be subject to a four-month hold period under applicable Canadian securities laws expiring on July 6, 2015.

The Consolidation is subject to the approval of the TSXV. The Corporation intends on completing the Consolidation as soon as practicable following today's closing of the Offering.

Corporate Update and Use of Proceeds

The net proceeds from this Offering will be primarily used for exploration activities at the Abu Marawat and Fatiri Concessions including geophysics and detailed mapping, sampling and drilling to further development of the Hamama project, regional exploration and target generation as well as working capital purposes and corporate costs.

About Alexander Nubia International Inc.:

Alexander Nubia (TSX-V: AAN) is in the business of exploring for and developing of economic gold and copper deposits in the Central Eastern Desert of the Arabian-Nubian Shield (ANS). The Company's 100%owned concessions, Abu Marawat and the Fatiri, combined cover 2,772 square kilometres of underexplored ground. Evidence of gold and copper mining on the concessions dates the many surface workings to pre-historic (Copper Age) and Old Kingdom (Pharaonic), through Ptolemaic and Roman and into Early Arab times. Several historic gold mines and numerous gold showings and gossans occur within the two concessions.

The Eastern Desert is host to a number of historically-significant gold mines. The world's oldest gold mine map for Wadi Hamad, the Turin Papyrus Map, was prepared for Ramesses IV; it dates to 1,160 BC and describes the wadi (dry river bed) routes to these important gold mine sites. The Sukari gold mine, controlled by Centamin [TSX: CEE] was a historical gold mine, dating back to New Kingdom/Ptolemaic and Roman age. (Source: Klemm and Klemm (2013): Gold and Gold Mining in Ancient Egypt and Nubia, Springer-Verlag, 649 pp) Sukari, located 300 km to the South of Abu Marawat Concession, contains 7.7 Moz of proven and probable gold reserves at 1.05 g/t Au. Gold production began at Sukari in 2009; forecasted production for 2015 is 420,000 ounces of gold at a cash cost of $700 per ounce. Gold recovery is 88% and head grade is 1.40 g/t Au. Gold mineralization at Sukari has been intersected to depths of 1,350 m below the wadi surface. (source: Centamin website)

Abu Marawat and the Fatiri concessions are underlain by a Proterozoic-aged Pan-African greenstone belt of the ANS, which has been intruded by at least two main ages of granodiorite intrusions. Goldsulphide mineralization is of the orogenic, quartz-carbonate vein-type and is associated with major NNW and NE trending shear-zones. Alteration includes epidote (distal), carbonate (intermediate) and sericitequartz (proximal). Similar geological settings include the greenstone belts of the Yilgarn of Western Australia, the Birimian of West Africa and the Abitibi in Quebec, Canada.

The Arabian-Nubian Shield (ANS) covers both sides of the Red Sea and includes parts of Egypt, Saudi Arabia, The Sudan, Eritrea and Ethiopia. Significant VMS deposits in the ANS include Barrick [TSX: ABX] and Ma'aden 50:50% JV of Jabal Sayid in Saudi Arabia, Nevsun [TSX: NSU] Bisha Main and Harena in Eritrea, La Mancha's Hassai and Hadal Awatib in the Sudan, and Sunridge [TSX: SGC] Emba Derho, Debarwa and Adi Nefas in Eritrea. An example of the size and grade of these deposits is La Mancha's Hadal Awatib East, which has 54.2 Mt of Indicated Resources in primary sulphide mineralization at grades of 1.0% Cu, 1.11 g/t Au and 0.8% Zn, and 13.25 Mt of Inferred Resources at 1.2% Cu, 1.0 g/t Au and 0.5% Zn and has a strike length of 2,500 m, mineralization widths of up to 100 m, has been drilled to 400 m and geophysics-projected depths of mineralization to 900 m. Cautionary note: Mineral reserves and or resources present on these VMS properties does not imply similar resources or mineralization will be identified on the Company's properties.

The Company's land package is located some 400 km southeast of Cairo and is enhanced by expanding infrastructure, including access to highway and railway right-of-way, a high-capacity electricity grid, and nearby major cities; Qena, on the Nile River, and Port of Safaga, on the Red Sea, only 50 km to the East.

For more information on Alexander Nubia visit www.alexandernubia.com or please contact:

A. Alexander Massoud President and Chief Executive Officer Egypt: +2 (0) 22 287 6914 Email: [email protected]

General Information Canada: +1 (604) 727-1813 Email: [email protected]

Qualifying Person(s):

The technical information contained in this News Release was prepared by Ralph A Gonzalez, PGeol, Project Manager for Alexander Nubia Inc. and under the direct supervision and reviewed by Dr. John G. Payne, PhD, PGeol, Vice President of Exploration for Alexander Nubia Inc. Both Mr. Gonzalez and Dr. Payne are qualifying persons under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Gold Equivalent Calculation

Gold equivalent (AuEq) calculated using the 12-month trailing average for Au and Ag through 2014-05- 18, US$ 1292.27/oz Au and US$ 20.41/oz Ag). Using a ratio of US$Au:US$Ag =63 (assuming 100% recovery and no NSR), the AuEq formula is AuEq = (Au g/t + Ag g/t /63). Cautionary note: these figures will change over time. Source: Kitco.com

Cautionary Note Regarding Forward-Looking Statements

The securities of Alexander Nubia International Inc. described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Some of the statements contained in this release are forward-looking statements, including statements regarding completion of the Consolidation, use of proceeds, acceleration of the expiry date of the Warrants and statements or estimates that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.