Alexander Nubia Announces Bill Koutsouras Joins the Board of Directors
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FOR IMMEDIATE RELEASE
ALEXANDER NUBIA ANNOUNCES BILL KOUTSOURAS JOINS THE BOARD OF DIRECTORS
May 27, 2014 -‐ Toronto, Ontario -‐ Alexander Nubia International Inc. (TSX-‐V: AAN) (the “Company” or ”Alexander Nubia”), an Egypt-‐focused multi-‐commodity (gold, copper, zinc, and silver) exploration and development company, is pleased to announce the appointment of Mr. Bill Koutsouras to the Board of Directors and Chairman of the Audit Committee, effective immediately.
Mr. Koutsouras is an international mining financier and financial operator for the mining sector. He was Executive Vice President and Chief Financial Officer at Endeavour Mining from 2002 to 2011, a mining-‐ focused merchant bank, where he directed and managed the Endeavour group of companies. Mr.
Koutsouras was primarily responsible for investment activities, financial operations and financial advisory mandates where he was involved in over $25 billion of M&A transactions and in excess of $4 billion of financing for junior / mid-‐tier resource companies. He is the principal of Kouts Capital, a strategic advisory and consultancy company to natural resource companies. Mr. Koutsouras sits on several corporate boards of natural resource companies. He is a Chartered Accountant and Chartered Financial Analyst and is a member of the Canadian Institute of Chartered Accountants and the CFA Institute.
Chief Executive Officer, Mr. Alexander Massoud stated, "I am very pleased to welcome Mr. Bill Koutsouras to the Board of Directors. Mr. Koutsouras brings extensive experiences within the capital markets and in the financial operations of mining companies along with an exceptional track record of successes in nurturing and developing junior companies into becoming substantial contributors to the mineral resource sector.” Mr. Massoud further commented, “We are very much looking forward to working with Mr. Koutsouras and benefiting from his expertise.”
In connection with his appointment to the Board of Directors, Mr. Koutsouras has been granted options to acquire 750,000 common shares of the Company. Each such option is exercisable at a price of $0.05 per common share for a period of three years. Final acceptance of Mr. Koutsouras appointment to the Board of Directors and the related grant of options are subject to the approval of the TSX Venture Exchange.
About Alexander Nubia International Inc.
Alexander Nubia (AAN: TSX.V), is an Egypt-‐focused multi-‐commodity (gold, copper, zinc, and silver)
exploration and development company. It is focused on exploration within the Abu Marawat Concession, which contains its two main properties, the Hamama volcanogenic massive sulphide (“VMS”) deposit and the Abu Marawat mesothermal vein deposit, the latter with an NI 43-‐101-‐ compliant inferred gold-‐copper-‐rich resource. In addition, Alexander Nubia's two large concessions, which have a long history of gold and copper mining dating back to the Pharaonic era, include three past-‐producing gold mines that were operational during the 20th century.
Alexander Nubia’s flagship project, Hamama VMS, has a number of characteristics that are similar to other major VMS deposits in the Arabian Nubian Shield: Bisha (Nevsun Resources), Hassaï (La Mancha), Jabal Sayid (Barrick Gold). Drilling at Hamama intersected high-‐grade semi-‐massive and massive volcanogenic sulphide mineralization, which includes a broad zone of VMS gossan with high-‐grade gold and silver (an oxidized “gold cap”) above a primary zinc-‐gold-‐silver-‐rich exhalite horizon, and an extensive mineralized footwall stringer and breccia zone. The main Gold Cap extends 650 metres along strike, averages 43.8 metres wide, and grades 2.05 g/t gold and 44.7 g/t silver. Drilling has confirmed an oxidized zone extending 30 to 45 metres in depth.
The land package is enhanced by excellent and nearby infrastructure, which includes access to highway and railway, a high‐capacity electricity grid, and nearby major cities: Qena, on the Nile River, and Port of Safaga, on the Red Sea.
For more information on Alexander Nubia visit us at 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]
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, such as estimates and statements 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.