Mr. Alexander Massoud reports

ALEXANDER NUBIA COMMENCES DRILLING AT HAMAMA PROJECT

Alexander Nubia International Inc. has commenced drilling at its wholly owned gold-copper-zinc-silver Hamama project. Depending on the nature and size of the mineralized zones, between 20 to 30 diamond drill holes (totalling at least 1,500 metres) are expected to be completed in this program, with the first set of assay results to be released in late April or early May. A brief summary of the key technical results and the objectives of the drill program is provided below.

Program summary

The drill rig has been mobilized to the project site, and drilling has commenced. The first three holes have been completed.

At Hamama West, previous deep trenching outlined an oxidized gold cap 900 metres along strike. Mineralization in the trenches, cut perpendicular across the strike of the oxide gold cap, averages 40.8 metres wide (up to 110 metres in places) and grades an average of 1.90 grams per tonne gold and 47.7 grams per tonne silver (2.66 grams per tonne Au equivalent (1)). The drilling program will be focused on this gold-enriched oxide zone to evaluate continuity of grade and mineralization along strike and at depth.

Also at Hamama West, surface sampling and mapping identified a high-grade base and precious metal zone associated with the banded iron formation, where trench T138 was cut perpendicular across the BIF and returned eight metres at 6.4 grams per tonne gold, 231 grams per tonne silver, 0.38 per cent copper and 8.16 per cent zinc. Drilling will test the zone at depth.

At Hamama West and Hamama Central, limited trench sampling and grab sampling have identified new mineralization in a jasperoid banded-iron formation within argillite (see Feb. 3, 2015, news release). Most previous drilling ended at the BIF contact; this drilling program will test these new zones by drilling through the BIF argillite.

Previous drilling at Hamama Central intersected high-grade zinc mineralization. Deeper step-out drilling will evaluate the potential for copper mineralization based on the premise that there is a base metal zonation pattern.

Pending results from this drilling, the program may also be extended to drill test a potentially gold-bearing vein system at North Hamama 1.

Alexander Massoud, president and chief executive officer of Alexander Nubia, stated: "I believe 2015 will be a transformational year for Alexander Nubia, and this drilling program is a significant step in moving the Hamama project forward by demonstrating the depth extension, mineralization and grade continuity of the oxide gold cap. A prominent feature of major VMS deposits in [the] Arabian-Nubian shield is an oxidized gold cap, and this program will go a long way in evaluating Hamama's gold cap." Mr. Massoud further commented, "Also of particular interest, at the recent Egypt Economic Development Conference, the Egyptian government delivered the clear message that it is committed to creating a pro-business and pro-investment climate through policy and legislative changes, with an emphasis in supporting the mining sector."

Coming results

Thirty-six grab samples of BIF were collected and submitted to ALS Minerals for assaying -- four from Hamama West, 12 from Hamama Central, 17 from Hamama East and three from the new northeast copper trend. Assays are pending and will help guide the drilling program in areas with BIF.

Hamama

Hamama is located within a 40-kilometre-long northeast gold-copper trend of the company's Abu Marawat concession. Hamama has a strike length of three kilometres and is divided into three main zones: Hamama West, Central and East. The West zone has a 900-metre-long gold-silver oxide cap with preliminary metallurgical test results reporting up to 92.2-per-cent-gold recovery (see Jan. 13, 2015, news release). The Central zone is being extended to the northwest and northeast based on copper mineralization shown in recent trench and surface channel sampling (see Jan. 6 and Feb. 3, 2015, news releases). Both Central and East zones have evidence of copper mining from ancient underground excavations along the oxide horizon.

(1) Gold equivalent is calculated using the 12-month trailing average for Au and Ag through May 18, 2014, $1,292.27 (U.S.) per ounce Au and $20.41 (U.S.) per ounce Ag. These figures will change over time. No cut-off was applied on individual high-grade assay results.

Sample collection and processing/ALS laboratory procedures and analysis/quality assurance and quality control

Drill core sample preparation at Alexander Nubia's exploration camp includes crushing samples in a jaw crusher and riffle splitting the product. Then, duplicate 300-gram split samples are placed into kraft paper bags, one of which is sent to the Egyptian Mineral Resource Authority, which retains duplicates of all samples in its permanent storage facility south of Cairo. Crushed rejects are stored at the company's Abu Marawat camp. Samples are sent by courier to ALS Minerals in Romania, an ISO-certified laboratory, for final processing (PUL-31) and assay analysis (Au-AA23/25; Cu, Zn, Ag-AA46/47). Analytical procedures at ALS involve pulverizing of the sample to minus-80 mesh. A 30-gram pulp sample is taken for gold analysis by fire assay. Cu, Zn and Ag are analyzed by atomic absorption following an aqua regia digestion. Quality control and assurance are maintained by inserting standards, duplicates and blanks at random at an average rate of one per 15 samples.

Qualifying person

The technical information contained in this news release was prepared by Danae Voormeij, MSc, PGeo, exploration manager for Alexander Nubia. Ms. Voormeij is a qualified person under CIM's National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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