Nubian to Option Excelsior Springs Property

Abbotsford, British Columbia (ots/PRNewswire) - Nubian
Resources Ltd is pleased to announce that it has signed a definitive
agreement with Paradigm Minerals USA Corporation, a wholly owned
subsidiary company of Global Geoscience Ltd, a public company listed
on the Australian Securities Exchange , for the option to earn a 70%
interest in the Excelsior Springs Gold property in Esmeralda County,
Nevada. Nubian presently has a 100% lease on the property.

1. To earn a 70% interest Paradigm will be required to pay Nubian
$100,000 USD cash and spend $3 Million USD on exploration over four
years. Paradigm will solely fund and manage all exploration and
property related costs on the property during the option phase.

The minimum exploration expenditure commitment required in the
first year is $150,000 USD and assuming results are satisfactory an
additional amount of $350,000 USD must be spent on exploration by
July 31, 2012 a further $500,000 USD by December 31, 2013 and a
further $2 Million USD by December 31, 2014 to earn a 70% interest in
the property. Nubian to receive $50,000 USD upon signing and a
further $50,000 USD once Paradigm exercises its option interest in
the property.

About the Excelsior Springs Property

The Excelsior Springs Gold Prospect, including the Buster Mine,
is located in westcentral Esmeralda County, Nevada approximately 50
miles WSW of the Goldfield District which has a past production of
+10 Million ounces gold, The Tonopah District, with a past production
of 2 Million ounces gold and 100 Million ounces silver, lies
approximately 65 miles to the northeast.

The property lies within the Walker Lane, a zone of
regional-scale, northwest-trending, strike-slip faulting, which hosts
a significant number of precious metal deposits. The Buster mine, the
main past producing mine located on the patented claims, has past
production estimated at 18,000 tons at 1.2 opt gold. The workings are
still accessible through the Buster Shaft which is 235 ft. deep.

In the past, a number of exploration companies have conducted
drilling programs on the property, and the results have begun to
define an extensive zone of gold mineralization. Drilling around the
Buster and Upper shafts has outlined the Buster mineralized zone
approximately 1,000 feet-long and 200 feet-wide.

The NI 43-101 report on Excelsior concludes that "based on the
results of previous drilling programs, the Excelsior Springs property
should be considered an advanced-stage exploration project having
significant potential to host one or more open-pittable gold
deposits."

Ken Brook, B.Sc, M.Sc, RPG. a qualified person (QP) as defined by
National Instrument 43-101, supervised the preparation of the
technical information in this news release.

Signed "Graham Chisholm"
Graham Chisholm
President & CEO

This release includes certain statements that are
"forward-looking statements". All statements in this release, other
than statements of historical facts that address future exploration,
development and production activities, and other circumstances,
events and developments that the Company expects, are forward-looking
statements. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results, events and developments may differ
materially from those in the forward-looking statements. The
occurrence of certain risk factors, the probability of which is
unknown, may also affect actual results, events and developments
expected by the Company.

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.

Graham Chisholm graham@nubianr.com
Jeannette Durand jeannette@nubianr.com
Office: +1-604-859-3007; Cell: +1-604-302-0746
Web Page: http://www.nubianr.com

ots Originaltext: Nubian Resources Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Graham Chisholm graham@nubianr.com, Jeannette
Durandjeannette@nubianr.com, Office: +1-604-859-3007; Cell:
+1-604-302-0746