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Nubian Announces Results of Annual & Special Meeting of Shareholders

Shareholder Meetings

NUBIAN ANNOUNCES RESULTS OF ANNUAL

& SPECIAL MEETING OF SHAREHOLDERS

TORONTO

,

June 2, 2023

/CNW/ - Nubian Resources Ltd. (TSXV: NBR) (OTCQB: NBRFF)

("

Nubian

" or the "

Company

") is pleased to announce the results of its annual and special meeting of

shareholders (the "Meeting") held

May 31

, 2023.

A total of 19,362,142 common shares of the Company were represented at the Meeting,

representing approximately 30% of the total number of common shares of the Company issued and

outstanding. All matters presented for approval at the Meeting were duly authorized and approved

including setting the board of directors at five, election of all five management nominees (

Marc

Henderson

(Chair),

Matthew Andrews

,

Markus Janser

, Campbell Smyth and

Martin Walter

(CEO))

to the board of directors of the Company, the appointment of DeVisser Gray LLP as auditors of the

Company for the ensuing year and authorization of the directors to fix their remuneration, and re-

approval of the stock option plan.

Marc Henderson

, Chairman stated, "This year's shareholder meeting saw the departure of two

directors,

Larry Treadgold

and

Scott Jobin-Bevans

, both of whom decided to not stand for re-

election due to other commitments. The Board extends its appreciation to Larry for his 12+ years of

service to Nubian which includes holding the position of CEO in his early years of involvement with

the Company and leading the technical committee in the last number of years as Nubian embarked

on expanding its property base. We also extend our appreciation to Scott for his expertise in

South

America

and contribution to both the audit and technical committees of the Board. We wish both

Larry and Scott the best in their future endeavors."

ABOUT NUBIAN

Nubian Resources Ltd. is a publicly traded precious and base metals exploration company listed on

the TSX Venture Exchange. The Company is managed by a team of experienced mining and

geological professionals. Nubian's projects are focused on key mining jurisdictions including

Peru

and

Australia

(central

Victoria

and

Tasmania

).

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.

SOURCE

Nubian Resources Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/June2023/02/c3622.html

%SEDAR: 00024798E

For further information:

Martin Walter, Chief Executive Officer, Nubian Resources Ltd., +1-416-

389-5692 or [email protected].

CO: Nubian Resources Ltd.

CNW 14:59e 02-JUN-23