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File: 14-01 Nubian  Receives Arbitration Award in the case of Nubian vs. Metalco.docx

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PRESS RELEASE 14-01

Nubian Receives Arbitration Award in its case of Nubian Resources Ltd vs. Metalco Industries Ltd

July 29, 2014 - Nubian Resources Ltd. (NBR:TSX.V) (the "Company") announces that the arbitrator, Hon. Judge Matthew Ng
--->ulube (Retired), appointed by the High Court of Zambia in August 2013 has made and published his award in the matter o
--->f arbitration between Nubian Resources Limited (Nubian) and Metalco Industries Limited (Metalco).

The full award will be made available on Nubian's website, but in summary, the Judge has awarded Nubian a right of ret
--->rieval and disposal of the EMEW plant and all other equipment which was sold to Metalco in September 2010. Metalco has
---> to pay Nubian damages for non-acceptances of an amount equal the difference of the contract price of USD $1.5 Million
---> and the current or market price of the EMEW plant. Nubian has to refund Metalco USD $520,000 already received and pai
--->d by Metalco to Nubian less the amount due to Nubian for damages of non-acceptances.

Amounts due to either party will bear interest at 1.5% per month on the amount found due from November 2012, the date 
--->the writ was filled in court which lead to the appointment of the arbitrator until the full settlement.

Nubian has given instructions to proceed with registration of the award and we will update as matters develop.

 "Larry Treadgold"

Larry Treadgold
CEO, Nubian Resources Ltd
Office: (604) 859-3007
Jeannette Durand: jeannette@nubianr.com
Web Page: www.nubianr.com 

This news release includes forward looking statements that are subject to assumptions, risks and uncertainties.  State
--->ments in this news release which are not purely historical are forward looking statements, including without limitatio
--->n 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 relea
--->se are reasonable, there can be no assurance that any such intentions, plans, beliefs and expectations will prove to b
--->e accurate.  The Company cautions readers that all forward looking statements, including without limitation those rela
--->ting 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 fro
--->m those indicated in the forward looking statements.  Readers are advised to rely on their own evaluation of such risk
--->s 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 sta
--->tements, or to update the reasons 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.

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.