Alexander Nubia Expands Team
March 20, 2015 -‐ Alexander Nubia International Inc. (TSX-‐V:AAN) (the “Company” or “Alexander Nubia”) is pleased to announce the appointment of Giles Baynham as Director – Corporate Development. Mr. Baynham has been a non-‐executive member of the Company’s Board of Directors since listing in October 2010, and is now increasing his contribution to the Company’s activities by taking on this additional role.
Chief Executive Officer, Alexander Massoud stated, “I am very pleased that Giles is taking on a more active role at Alexander Nubia. His extensive experience in equity capital markets and debt finance is complimented by in-‐depth technical knowledge as a mining engineer. Combined with his public company experience I expect he will contribute greatly to the advancement of the pipeline of projects within Alexander Nubia’s land package.”
Giles Baynham
Mr Baynham is a former banker with significant debt and capital markets experience. He started his career as a Mining Engineer with Rio Tinto, before working at various financial entities including the Industrial Bank of Japan/Mizuho Corporate Bank, NM Rothschild & Sons, and Endeavour Financial. In 2008 he was a co-‐founder of CB Gold Inc, which holds exploration and mining operations in Colombia.
About Alexander Nubia International Inc.:
Alexander Nubia (TSX V:AAN) is an Egypt-‐focused base-‐ and precious-‐metal exploration and development company holding two 100%-‐owned concessions, Abu Marawat and Fatiri, that together cover more than 2700 km2 and contain several historic gold mines and numerous gold showings. Evidence of gold-‐mining dates to pre-‐historic and Pharaonic times. The Company is focused on exploration within the Abu Marawat Concession, which contains its two main projects, the Hamama volcanogenic massive sulphide (“VMS”) deposit and the Abu Marawat mesothermal vein deposit; the latter contains an inferred mineral resource prepared in compliance with NI 43-‐101 of 2.88 M tonnes, grading 1.75 g/t Au, 29.3 g/t Ag, 0.77% Cu, and 1.15% Zn, containing 0.162 million oz Au, 2.713 million oz Ag, 49 million lbs Cu, and 73 million lbs Zn.1
Alexander Nubia’s flagship project, Hamama VMS, has numerous characteristics that are similar to other major VMS deposits in the Arabian Nubian Shield: such as Bisha (Nevsun Resources: TSE:NSU), Hassai (La Mancha), and Jabal Sayid (Barrick Gold: TSE:ABX). 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-‐silver cap”) above a primary zinc-‐gold-‐silver-‐rich exhalite horizon and an extensive mineralized footwall stringer and breccia zone.
1 Technical Report on the Abu Marawat Concession, Egypt, 2012. Valliant, W.W. and Salmon, B. NI 43-‐ 101 Report prepared by Roscoe Postle Associates, Inc, Vancouver, BC.
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]
Giles Baynham Director – Corporate Development Canada: +1 604 764 6126 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, 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.