Nubian Resources Receives Additional Award ON Final Arbitration Decision

Press Release 17-01

NUBIAN RESOURCES RECEIVES ADDITIONAL AWARD ON FINAL ARBITRATION DECISION

FEBRUARY 17, 2017 – Nubian Resources Ltd. ( “Nubian” or the “Company”) (TSX VENTURE: NBR ) announces

that, further to its press release dated July 29, 2014, the Company has been granted an additional award from

the High Court of Zambia in the matter of arbitration between Nubian Resources Ltd and Metalco Industries

Ltd.

The arbitrator's final determination awarded Nubian the sum of US $520,000 for damages of non-acceptance.

This amount is then offset against deposit payments received from Metalco Industries Ltd.

Nubian is to keep the EMEW plant, which it can freely dispose of.

“While the outcome of the arbitration is far below what we seemed reasonable, management has decided to

focus its resources on other matters ” Larry Treadgold, CEO, comments . “The arbitration has been consuming

time and resources of the C ompany over the last 5 years and , while we may not be in agreement with the

arbitrator, we stay positive to focus now on the future of the Company.”

FOR FURTHER INFORMATION PLEASE CONTACT:

Larry Treadgold

Chief Executive Officer

Nubian Resources Ltd.

Office: 604-870-4988

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 reas ons 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.