Mr. Eric Sprott, investor, reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN NUBIAN RESOURCES LTD.

Nubian Resources Ltd. shareholder, Eric Sprott's 2176423 Ontario Ltd., has disposed of 10 million common shares of Nubian (representing approximately 15.8 per cent of the outstanding shares) by way of a share purchase agreement with Athena Gold Corp., in consideration of the issuance of 16,546,669 common shares by Athena Gold Corp. to 2176423 Ontario (satisfying a deemed price of approximately five cents per share for total deemed consideration of approximately $500,000). 2176423 Ontario is beneficially owned by Mr. Sprott. Prior to the disposition of these shares, Mr. Sprott beneficially owned 10 million shares representing approximately 15.8 per cent of the outstanding shares on a non-diluted basis.

As a result of the disposition, Mr. Sprott does not beneficially own any securities of Nubian Resources resulting in Mr. Sprott and 2176423 Ontario ceasing to be insiders of Nubian Resources. Mr. Sprott may acquire securities of Nubian Resources, including on the open market or through private acquisitions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Nubian Resources is located at 202, 2526 Yale Crt. (Yale Court Plaza), Abbotsford, B.C., V2S 8G9. A copy of the early warning report with respect to the foregoing will appear on Nubian Resources' profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario Ltd., 1106, 7 King St. East, Toronto, Ont., M5C 3C5).