Nubian Announces Annual Meeting Results

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NUBIAN ANNOUNCES ANNUAL MEETING RESULTS

FEBRUARY 10, 2020 – Nubian Resources Ltd. (the “Company”) (TSX VENTURE: NBR) is pleased to announce the

results of its annual and special meeting of shareholders held January 29, 20 20 (the “Meeting”). A total of

16,508,500 common shares of the Company were voted at the Meeting representing approximately 54.5% of the

total number of issued and outstanding shares of the Company. All matters presented at the Meeting were

unanimously approved by shareholders including the re -election of directors Markus Janser, Chairman, Martin

Walter, David Fynn and Larry Treadgold , the election of new directors Scott Jobin -Bevans and Campbell Smyth,

the appointment of Morgan & Company LLP Chartered Accountants as Auditors for the ensuing year and re -

authorization of the Company’s 10% rolling stock option plan.

In connection with the election of Campbell Smyth, the Company announces a grant of 150,000 stock options,

pursuant to its stock option plan, exercisable to purchase one common share of the Company at a price of $0.12

until February 7, 2023.

FOR FURTHER INFORMATION PLEASE CONTACT:

Martin Walter, Chief Executive Officer, Nubian Resources Ltd, at 416 389 5692 or [email protected].

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.