Mr. Alexander Massoud reports

ALEXANDER NUBIA INTERNATIONAL INC. ANNOUNCES SHARES FOR DEBT SETTLEMENT

Alexander Nubia International Inc. has entered into a settlement agreement with certain creditors of the company, pursuant to which the company will issue common shares in full and final settlement of the amounts owing to such creditors. Specifically, the company agreed, subject to approval of the TSX Venture Exchange, to issue a total of 819,319 shares at a deemed price of 12.5 cents per share to settle $102,414.90 of debt as part of an overall settlement and write-off of approximately $161,000 of debt. The company chose to settle this outstanding indebtedness with shares in order to preserve its working capital for operations and the exploration activities outlined in connection with the closing of a non-brokered private placement of the company on March 5, 2015. All shares issued in connection with the share-for-debt transaction are subject to a four-month statutory hold period, in accordance with applicable securities legislation.

We seek Safe Harbor.