Nubian Resources Announces Appointment of Martin Walter as New Chief Executive Officer

Press Release 17-03

NUBIAN RESOURCES ANNOUNCES APPOINTMENT OF MARTIN WALTER AS NEW CHIEF EXECUTIVE OFFICER May 25, 2017 – Nubian Resources Ltd. (“Nubian” or the “Company”) (TSX VENTURE: NBR) is pleased to announce the appointment of Mr. Martin Walter to the Company’s Board of Directors and as its Chief Executive Officer (CEO).

Mr. Walter has over 20 years of operational and international mineral and mine development experience and joins Nubian in the capacity of CEO, a Director and as a significant shareholder. He has worked on numerous mining projects worldwide as a consulting geologist and has held a number of executive level positions, most recently as the former President and CEO of Treasury Metals Inc. (TSX: TML), a company now developing the Goliath Gold project in Ontario towards a production decision. He was the former President and CEO of Forrester Metals Inc., a company which is currently being acquired by Zinc One (TSX: Z) of Vancouver, and a former Director and Executive Vice President of Aquiline Resources Inc., where he was instrumental in building the asset base and technical team for that company in Argentina. Mr. Walter holds a degree in geology from Ballarat University, Australia, as well as an MBA from the University of Toronto. Larry Treadgold, current CEO, will remain a director of the Company Markus Janser, the Company’s Lead Director comments “We are delighted to have Martin joining our team as our new CEO. He brings with him a wealth of experience in mine development and an extensive network within the international mine exploration and development market and will be a valuable asset to our Company to achieve new targets. We would like to thank Larry Treadgold for his many years of contribution to Nubian as CEO. I am especially pleased that Larry will remain on our team and we can gain from his expertise as a metallurgist well versed in the extractive metallurgy of both base and precious metals.”

To strengthen its current Management Team, Nubian is pleased to announce it has engaged Ashley Martin in the capacity of its New Business Development Manager. Mr. Ashley Martin has more than 12 years of mining construction and development experience. Most recently Mr. Martin was Manager of Technical Services for Guyana Goldfields and heavily involved with advancing the Aurora Gold project from feasibility and mine development through to eventually mine commissioning and production. Previously, he was the Senior Project Manager at TSX-listed Treasury Metals Inc. and Manager of Business Development for Forrester Resources Inc. Mr. Martin holds a degree in Engineering and Construction from Curtin University, Western Australia.

Larry Treadgold, the Company’s current CEO comments “With the positive market sentiment for junior exploration companies currently in place, we are pleased to have been able to secure the expertise of Ashley to help us source and analyse potential new target properties for the Company. He brings with him an extensive business network, which will greatly benefit Nubian.”

FOR FURTHER INFORMATION PLEASE CONTACT:

Martin Walter Chief Executive Officer Nubian Resources Ltd.

Tel: 416-389-5692 Jeannette Durand: [email protected] Web Page: www.nubianr.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, beliefs or expectations regarding the future. Although the Company believes that any such intentions, plans, estimates, beliefs and expectations in this news release are reasonable, there can be no assurance that any such intentions, plans, beliefs and expectations will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements. Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. The Company assumes no obligations to update any forward looking statements, whether as a result of new information, future events or otherwise.